Brady Martz Wealth Solutions LLC Makes New Investment in Amazon.com, Inc. (NASDAQ:AMZN)

Brady Martz Wealth Solutions LLC acquired a new position in shares of Amazon.com, Inc. (NASDAQ:AMZN) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 8,990 shares of the e-commerce giant’s stock, valued at approximately $1,958,000.

Several other hedge funds also recently added to or reduced their stakes in the business. Cambridge Advisors Inc. increased its holdings in shares of Amazon.com by 4.2% in the fourth quarter. Cambridge Advisors Inc. now owns 4,951 shares of the e-commerce giant’s stock valued at $1,086,000 after purchasing an additional 201 shares during the period. Bernardo Wealth Planning LLC boosted its position in Amazon.com by 2.1% during the fourth quarter. Bernardo Wealth Planning LLC now owns 17,238 shares of the e-commerce giant’s stock worth $3,774,000 after purchasing an additional 355 shares in the last quarter. My Legacy Advisors LLC boosted its position in Amazon.com by 6.5% during the fourth quarter. My Legacy Advisors LLC now owns 21,393 shares of the e-commerce giant’s stock worth $4,778,000 after purchasing an additional 1,299 shares in the last quarter. Maiden Cove Capital LLC lifted its position in shares of Amazon.com by 2.2% in the fourth quarter. Maiden Cove Capital LLC now owns 4,044 shares of the e-commerce giant’s stock valued at $887,000 after acquiring an additional 86 shares in the last quarter. Finally, Artemis Investment Management LLP lifted its position in shares of Amazon.com by 4.7% in the fourth quarter. Artemis Investment Management LLP now owns 1,168,573 shares of the e-commerce giant’s stock valued at $256,373,000 after acquiring an additional 52,447 shares in the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Amazon.com

In other news, insider Jeffrey P. Bezos sold 2,996,362 shares of Amazon.com stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $208.85, for a total transaction of $625,790,203.70. Following the sale, the insider now directly owns 917,416,976 shares of the company’s stock, valued at approximately $191,602,535,437.60. The trade was a 0.33 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Daniel P. Huttenlocher sold 1,237 shares of Amazon.com stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $199.06, for a total value of $246,237.22. Following the sale, the director now directly owns 24,912 shares in the company, valued at approximately $4,958,982.72. The trade was a 4.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 6,027,340 shares of company stock valued at $1,252,456,773 over the last three months. 10.80% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

AMZN has been the topic of a number of analyst reports. Mizuho lifted their price objective on Amazon.com from $240.00 to $260.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 10th. The Goldman Sachs Group lifted their price objective on Amazon.com from $230.00 to $240.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Wolfe Research lifted their price objective on Amazon.com from $250.00 to $270.00 and gave the stock an “outperform” rating in a research report on Friday, January 3rd. Evercore ISI lifted their price objective on Amazon.com from $240.00 to $260.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Finally, Roth Mkm raised their target price on Amazon.com from $220.00 to $250.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. Two research analysts have rated the stock with a hold rating, forty-one have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $251.44.

Amazon.com Price Performance

Shares of Amazon.com stock opened at $237.42 on Tuesday. The business’s fifty day moving average price is $223.83 and its 200 day moving average price is $198.98. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve month high of $241.77. The stock has a market capitalization of $2.50 trillion, a P/E ratio of 50.84, a PEG ratio of 1.35 and a beta of 1.15.

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.