Paragon Capital Management Inc. Takes $1.06 Million Position in Amazon.com, Inc. (NASDAQ:AMZN)

Paragon Capital Management Inc. bought a new stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 5,545 shares of the e-commerce giant's stock, valued at approximately $1,055,000.

Other hedge funds have also added to or reduced their stakes in the company. Western Wealth Management LLC grew its holdings in Amazon.com by 0.9% during the 1st quarter. Western Wealth Management LLC now owns 140,122 shares of the e-commerce giant's stock valued at $26,660,000 after buying an additional 1,297 shares in the last quarter. Momentous Wealth Management Inc. bought a new stake in shares of Amazon.com during the 4th quarter valued at about $749,000. Segall Bryant & Hamill LLC boosted its position in shares of Amazon.com by 14.3% during the 4th quarter. Segall Bryant & Hamill LLC now owns 317,114 shares of the e-commerce giant's stock valued at $69,572,000 after acquiring an additional 39,696 shares during the last quarter. Bearing Point Capital LLC bought a new stake in shares of Amazon.com during the 4th quarter valued at about $12,014,000. Finally, Evergreen Capital Management LLC boosted its position in shares of Amazon.com by 0.5% during the 4th quarter. Evergreen Capital Management LLC now owns 242,550 shares of the e-commerce giant's stock valued at $53,213,000 after acquiring an additional 1,198 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Mizuho dropped their price target on Amazon.com from $285.00 to $255.00 and set an "outperform" rating for the company in a research report on Wednesday, April 9th. Benchmark reiterated a "buy" rating and set a $260.00 price target on shares of Amazon.com in a research report on Friday, May 2nd. Piper Sandler set a $250.00 target price on Amazon.com and gave the stock an "overweight" rating in a research report on Friday, July 11th. HSBC boosted their target price on Amazon.com from $240.00 to $256.00 in a research report on Tuesday. Finally, Citigroup boosted their target price on Amazon.com from $225.00 to $265.00 and gave the stock a "buy" rating in a research report on Tuesday. Three research analysts have rated the stock with a hold rating, forty-five have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $254.33.

Amazon.com Stock Performance

AMZN traded up $3.98 during midday trading on Thursday, reaching $232.27. The company had a trading volume of 21,892,450 shares, compared to its average volume of 44,104,387. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.17. The business has a 50-day moving average of $214.60 and a two-hundred day moving average of $208.81. The company has a market cap of $2.47 trillion, a P/E ratio of 37.83, a P/E/G ratio of 1.70 and a beta of 1.33. Amazon.com, Inc. has a 1 year low of $151.61 and a 1 year high of $242.52.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.38 by $0.21. Amazon.com had a return on equity of 24.14% and a net margin of 10.14%. The firm had revenue of $155.67 billion during the quarter, compared to analysts' expectations of $154.96 billion. During the same quarter last year, the business posted $0.98 earnings per share. The firm's revenue was up 8.6% on a year-over-year basis. As a group, equities research analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Insider Activity

In other Amazon.com news, insider Jeffrey P. Bezos sold 2,339,470 shares of the firm's stock in a transaction that occurred on Tuesday, July 22nd. The stock was sold at an average price of $229.39, for a total transaction of $536,651,023.30. Following the completion of the transaction, the insider owned 887,933,999 shares in the company, valued at $203,683,180,030.61. This trade represents a 0.26% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Douglas J. Herrington sold 2,500 shares of the firm's stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $220.06, for a total value of $550,150.00. Following the transaction, the chief executive officer owned 514,550 shares of the company's stock, valued at $113,231,873. This represents a 0.48% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 20,947,939 shares of company stock valued at $4,720,588,785 in the last quarter. 9.70% of the stock is currently owned by company insiders.

Amazon.com Profile

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.