22,832 Shares in Amazon.com, Inc. (NASDAQ:AMZN) Bought by Mader & Shannon Wealth Management Inc.

Mader & Shannon Wealth Management Inc. purchased a new stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 22,832 shares of the e-commerce giant’s stock, valued at approximately $5,009,000. Amazon.com accounts for 3.1% of Mader & Shannon Wealth Management Inc.’s holdings, making the stock its 12th largest position.

A number of other institutional investors and hedge funds have also recently modified their holdings of AMZN. Accordant Advisory Group Inc raised its position in Amazon.com by 400.0% during the 4th quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant’s stock valued at $27,000 after purchasing an additional 100 shares during the last quarter. Icon Wealth Advisors LLC boosted its position in Amazon.com by 20.5% during the 3rd quarter. Icon Wealth Advisors LLC now owns 150,661 shares of the e-commerce giant’s stock valued at $28,000 after acquiring an additional 25,581 shares in the last quarter. Bull Oak Capital LLC purchased a new stake in Amazon.com in the third quarter worth $45,000. Quattro Financial Advisors LLC grew its position in shares of Amazon.com by 23.8% in the 4th quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant’s stock worth $51,000 after buying an additional 45 shares during the period. Finally, Values First Advisors Inc. purchased a new stake in Amazon.com in the third quarter worth about $56,000. 72.20% of the stock is owned by institutional investors.

Insider Activity at Amazon.com

In related news, CEO Andrew R. Jassy sold 20,784 shares of the firm’s stock in a transaction on Friday, February 21st. The shares were sold at an average price of $220.65, for a total value of $4,585,989.60. Following the completion of the transaction, the chief executive officer now directly owns 2,118,886 shares of the company’s stock, valued at approximately $467,532,195.90. This trade represents a 0.97 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Douglas J. Herrington sold 27,500 shares of the business’s stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $230.27, for a total transaction of $6,332,425.00. Following the completion of the sale, the chief executive officer now owns 497,067 shares in the company, valued at $114,459,618.09. This represents a 5.24 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 102,298 shares of company stock valued at $22,871,828. Corporate insiders own 10.80% of the company’s stock.

Wall Street Analysts Forecast Growth

AMZN has been the topic of a number of analyst reports. Wedbush reissued an “outperform” rating and issued a $280.00 price target on shares of Amazon.com in a research report on Friday, February 7th. Raymond James boosted their price objective on shares of Amazon.com from $260.00 to $275.00 in a report on Monday, February 10th. The Goldman Sachs Group increased their target price on Amazon.com from $240.00 to $255.00 and gave the company a “buy” rating in a research note on Friday, February 7th. Mizuho boosted their price target on Amazon.com from $240.00 to $260.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 10th. Finally, Morgan Stanley increased their price objective on Amazon.com from $230.00 to $280.00 and gave the company an “overweight” rating in a research report on Monday, January 13th. Two analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $260.65.

Amazon.com Stock Performance

NASDAQ:AMZN opened at $194.95 on Friday. The stock has a 50-day moving average price of $219.36 and a 200 day moving average price of $207.85. The stock has a market capitalization of $2.07 trillion, a P/E ratio of 35.25, a P/E/G ratio of 1.50 and a beta of 1.19. Amazon.com, Inc. has a 12-month low of $151.61 and a 12-month high of $242.52. The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.52 by $0.34. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. Equities research analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Amazon.com Company 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.