Paradigm Financial Partners LLC Grows Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Posted by Defense World Staff on Feb 25th, 2023

Paradigm Financial Partners LLC raised its holdings in Amazon.com, Inc. (NASDAQ:AMZN – Get Rating) by 3.5% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 50,825 shares of the e-commerce giant’s stock after acquiring an additional 1,703 shares during the quarter. Amazon.com makes up 1.9% of Paradigm Financial Partners LLC’s holdings, making the stock its 7th largest holding. Paradigm Financial Partners LLC’s holdings in Amazon.com were worth $6,114,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Rocky Mountain Advisers LLC increased its holdings in shares of Amazon.com by 1,311.8% in the second quarter. Rocky Mountain Advisers LLC now owns 240 shares of the e-commerce giant’s stock valued at $25,000 after purchasing an additional 223 shares during the period. Iron Horse Wealth Management LLC lifted its position in shares of Amazon.com by 4,540.0% in the second quarter. Iron Horse Wealth Management LLC now owns 232 shares of the e-commerce giant’s stock valued at $25,000 after acquiring an additional 227 shares in the last quarter. Wells Financial Advisors INC lifted its position in shares of Amazon.com by 1,900.0% in the second quarter. Wells Financial Advisors INC now owns 280 shares of the e-commerce giant’s stock valued at $30,000 after acquiring an additional 266 shares in the last quarter. Knott David M Jr purchased a new position in Amazon.com during the second quarter worth approximately $32,000. Finally, Laurel Wealth Planning LLC lifted its position in Amazon.com by 1,900.0% during the second quarter. Laurel Wealth Planning LLC now owns 320 shares of the e-commerce giant’s stock worth $34,000 after buying an additional 304 shares in the last quarter. 57.64% of the stock is currently owned by hedge funds and other institutional investors.

Amazon.com Stock Down 2.4 %

Shares of NASDAQ AMZN opened at $93.50 on Friday. The company has a quick ratio of 0.72, a current ratio of 0.94 and a debt-to-equity ratio of 0.46. Amazon.com, Inc. has a 52 week low of $81.43 and a 52 week high of $170.83. The firm’s fifty day moving average is $94.10 and its 200 day moving average is $106.30. The company has a market cap of $958.12 billion, a price-to-earnings ratio of -348.87, a PEG ratio of 3.82 and a beta of 1.22.

Amazon.com (NASDAQ:AMZN – Get Rating) last released its quarterly earnings results on Thursday, February 2nd. The e-commerce giant reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.12). Amazon.com had a negative net margin of 0.53% and a positive return on equity of 5.33%. The company had revenue of $149.20 billion during the quarter, compared to the consensus estimate of $145.72 billion. During the same quarter last year, the firm earned $1.39 EPS. The business’s revenue was up 8.6% on a year-over-year basis. On average, equities research analysts expect that Amazon.com, Inc. will post 1.38 earnings per share for the current year.

Analyst Ratings Changes

AMZN has been the subject of a number of research reports. Truist Financial dropped their price objective on Amazon.com from $160.00 to $142.00 and set a “buy” rating for the company in a research note on Friday, February 3rd. Rosenblatt Securities boosted their target price on Amazon.com from $103.00 to $106.00 and gave the company a “neutral” rating in a report on Friday, February 3rd. JPMorgan Chase & Co. boosted their price target on Amazon.com from $130.00 to $142.00 and gave the company an “overweight” rating in a research report on Friday, February 3rd. Wells Fargo & Company dropped their target price on Amazon.com from $155.00 to $145.00 in a research report on Friday, February 3rd. Finally, Mizuho lowered their price target on Amazon.com from $155.00 to $135.00 and set a “buy” rating on the stock in a report on Friday, October 28th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and forty-one have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $144.87.

Insider Buying and Selling

In other Amazon.com news, CEO Adam Selipsky sold 5,100 shares of the business’s stock in a transaction dated Thursday, February 2nd. The stock was sold at an average price of $111.43, for a total value of $568,293.00. Following the completion of the transaction, the chief executive officer now owns 124,180 shares of the company’s stock, valued at approximately $13,837,377.40. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, CEO Douglas J. Herrington sold 7,456 shares of the business’s stock in a transaction that occurred on Tuesday, February 21st. The stock was sold at an average price of $94.90, for a total transaction of $707,574.40. Following the completion of the transaction, the chief executive officer now directly owns 564,298 shares in the company, valued at approximately $53,551,880.20. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Adam Selipsky sold 5,100 shares of the company’s stock in a transaction that occurred on Thursday, February 2nd. The stock was sold at an average price of $111.43, for a total value of $568,293.00. Following the completion of the transaction, the chief executive officer now owns 124,180 shares of the company’s stock, valued at $13,837,377.40. The disclosure for this sale can be found here. Insiders have sold a total of 67,394 shares of company stock worth $6,619,426 in the last quarter. Corporate insiders own 12.70% of the company’s stock.

Amazon.com Company Profile

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Amazon.com, Inc is a multinational technology company, which engages in the provision of online retail shopping services. It operates through the following segments: North America, International, and Amazon Web Services (AWS). The North America segment is involved in the retail sales of consumer products including from sellers and subscriptions through North America-focused online and physical stores.