Amazon.com, Inc. (NASDAQ:AMZN) is Paragon Capital Management LLC's 6th Largest Position

Paragon Capital Management LLC trimmed its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 3.4% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 46,292 shares of the e-commerce giant's stock after selling 1,610 shares during the period. Amazon.com comprises approximately 5.0% of Paragon Capital Management LLC's holdings, making the stock its 6th largest holding. Paragon Capital Management LLC's holdings in Amazon.com were worth $8,808,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in AMZN. Norges Bank acquired a new stake in Amazon.com in the fourth quarter worth $27,266,582,000. GAMMA Investing LLC increased its holdings in shares of Amazon.com by 21,420.5% during the first quarter. GAMMA Investing LLC now owns 30,245,061 shares of the e-commerce giant's stock valued at $5,754,425,000 after purchasing an additional 30,104,520 shares during the period. Capital World Investors increased its holdings in shares of Amazon.com by 36.8% during the fourth quarter. Capital World Investors now owns 65,709,496 shares of the e-commerce giant's stock valued at $14,416,078,000 after purchasing an additional 17,681,004 shares during the period. Vanguard Group Inc. increased its holdings in shares of Amazon.com by 2.2% during the fourth quarter. Vanguard Group Inc. now owns 823,360,597 shares of the e-commerce giant's stock valued at $180,637,081,000 after purchasing an additional 17,635,391 shares during the period. Finally, Capital International Investors increased its holdings in shares of Amazon.com by 26.5% during the fourth quarter. Capital International Investors now owns 57,268,523 shares of the e-commerce giant's stock valued at $12,564,961,000 after purchasing an additional 12,000,745 shares during the period. 72.20% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on AMZN. Canaccord Genuity Group reissued a "buy" rating and set a $280.00 price target on shares of Amazon.com in a report on Friday, August 1st. Wall Street Zen raised Amazon.com from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. Scotiabank raised their price target on Amazon.com from $250.00 to $275.00 and gave the company a "sector outperform" rating in a report on Tuesday, July 22nd. Barclays raised their price target on Amazon.com from $240.00 to $275.00 and gave the company an "overweight" rating in a report on Friday, August 1st. Finally, Wedbush raised their price target on Amazon.com from $235.00 to $250.00 and gave the company an "outperform" rating in a report on Wednesday, July 30th. One analyst has rated the stock with a hold rating, forty-seven have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average target price of $262.87.

Insider Transactions at Amazon.com

In other Amazon.com news, CEO Douglas J. Herrington sold 2,500 shares of the firm's stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $217.00, for a total transaction of $542,500.00. Following the completion of the sale, the chief executive officer directly owned 512,050 shares in the company, valued at approximately $111,114,850. This trade represents a 0.49% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Jeffrey P. Bezos sold 2,643,142 shares of the firm's stock in a transaction dated Thursday, July 24th. The stock was sold at an average price of $230.43, for a total value of $609,059,211.06. Following the sale, the insider owned 883,779,901 shares of the company's stock, valued at $203,649,402,587.43. The trade was a 0.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 25,096,253 shares of company stock valued at $5,673,745,409 over the last 90 days. Corporate insiders own 9.70% of the company's stock.

Amazon.com Trading Up 0.0%

Shares of NASDAQ AMZN opened at $231.03 on Friday. Amazon.com, Inc. has a one year low of $161.38 and a one year high of $242.52. The firm has a market capitalization of $2.46 trillion, a PE ratio of 35.22, a PEG ratio of 1.56 and a beta of 1.31. The company has a current ratio of 1.02, a quick ratio of 0.81 and a debt-to-equity ratio of 0.15. The business has a 50-day moving average price of $221.41 and a two-hundred day moving average price of $208.44.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The e-commerce giant reported $1.68 EPS for the quarter, topping analysts' consensus estimates of $1.31 by $0.37. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%. The firm had revenue of $167.70 billion during the quarter, compared to analyst estimates of $161.80 billion. During the same period last year, the company posted $1.26 EPS. The business's quarterly revenue was up 13.3% compared to the same quarter last year. As a group, analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

About Amazon.com

Amazon.com, Inc engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Echo, Ring, Blink, and eero; and develops and produces media content.

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