Paradigm Asset Management Co. LLC Reduces Position in Amazon.com, Inc. (AMZN)
Paradigm Asset Management Co. LLC reduced its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 36.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,580 shares of the e-commerce giant’s stock after selling 900 shares during the period. Amazon.com comprises approximately 0.9% of Paradigm Asset Management Co. LLC’s holdings, making the stock its 17th largest holding. Paradigm Asset Management Co. LLC’s holdings in Amazon.com were worth $3,165,000 at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of AMZN. Spirit of America Management Corp NY acquired a new stake in Amazon.com in the third quarter worth $110,000. Taylor Hoffman Wealth Management increased its position in Amazon.com by 192.3% in the third quarter. Taylor Hoffman Wealth Management now owns 76 shares of the e-commerce giant’s stock worth $152,000 after buying an additional 50 shares during the period. New Potomac Partners LLC increased its position in Amazon.com by 130.0% in the second quarter. New Potomac Partners LLC now owns 115 shares of the e-commerce giant’s stock worth $195,000 after buying an additional 65 shares during the period. Capital Investment Services of America Inc. acquired a new stake in Amazon.com in the third quarter worth $200,000. Finally, Chessman Wealth Strategies RIA acquired a new stake in Amazon.com in the third quarter worth $200,000. 55.22% of the stock is currently owned by institutional investors and hedge funds.
Shares of AMZN stock opened at $1,712.36 on Friday. Amazon.com, Inc. has a fifty-two week low of $1,307.00 and a fifty-two week high of $2,050.50. The stock has a market cap of $841.12 billion, a P/E ratio of 85.02, a PEG ratio of 2.33 and a beta of 1.62. The company has a quick ratio of 0.85, a current ratio of 1.10 and a debt-to-equity ratio of 0.54.
In related news, CEO Jeffrey A. Wilke sold 1,645 shares of the stock in a transaction on Thursday, February 21st. The stock was sold at an average price of $1,614.65, for a total value of $2,656,099.25. Following the completion of the transaction, the chief executive officer now owns 10,000 shares in the company, valued at approximately $16,146,500. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Jeffrey M. Blackburn sold 2,055 shares of the stock in a transaction on Friday, February 15th. The shares were sold at an average price of $1,616.34, for a total value of $3,321,578.70. Following the completion of the transaction, the senior vice president now owns 46,596 shares of the company’s stock, valued at approximately $75,314,978.64. The disclosure for this sale can be found here. Insiders sold a total of 5,075 shares of company stock valued at $8,180,428 in the last quarter. 16.30% of the stock is currently owned by corporate insiders.
Several equities research analysts have weighed in on AMZN shares. Wells Fargo & Co reaffirmed a “buy” rating on shares of Amazon.com in a research report on Tuesday, November 20th. Jefferies Financial Group reaffirmed a “buy” rating on shares of Amazon.com in a research report on Tuesday, November 20th. Barclays reissued a “buy” rating on shares of Amazon.com in a research note on Wednesday, November 21st. Loop Capital reissued a “buy” rating on shares of Amazon.com in a research note on Tuesday, November 27th. Finally, Nomura reissued a “buy” rating on shares of Amazon.com in a research note on Tuesday, December 4th. Five research analysts have rated the stock with a hold rating and forty-three have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $2,118.63.
Amazon.com Company Profile
Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS) segments. It sells merchandise and content purchased for resale from third-party sellers through physical stores and online stores.
Featured Story: Bollinger Bands
Want to see what other hedge funds are holding AMZN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amazon.com, Inc. (NASDAQ:AMZN).
Receive News & Ratings for Amazon.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amazon.com and related companies with MarketBeat.com's FREE daily email newsletter.