Mader & Shannon Wealth Management Inc. Increases Stock Position in Amazon.com, Inc. $AMZN

Mader & Shannon Wealth Management Inc. lifted its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 1.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,120 shares of the e-commerce giant’s stock after purchasing an additional 288 shares during the quarter. Amazon.com accounts for approximately 2.5% of Mader & Shannon Wealth Management Inc.’s holdings, making the stock its 12th biggest position. Mader & Shannon Wealth Management Inc.’s holdings in Amazon.com were worth $4,399,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the stock. Castlekeep Investment Advisors LLC purchased a new position in Amazon.com in the 4th quarter worth about $25,000. Prudent Man Investment Management Inc. bought a new position in Amazon.com during the 4th quarter valued at about $27,000. LSV Asset Management bought a new position in Amazon.com during the 4th quarter valued at about $35,000. Cooksen Wealth LLC bought a new position in Amazon.com during the 1st quarter valued at about $36,000. Finally, Inlight Wealth Management LLC bought a new position in Amazon.com during the 1st quarter valued at about $40,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Insider Buying and Selling at Amazon.com

In other news, insider Jeffrey P. Bezos sold 2,643,142 shares of Amazon.com stock in a transaction on Thursday, July 24th. The stock was sold at an average price of $230.43, for a total transaction of $609,059,211.06. Following the completion of the sale, the insider directly owned 883,779,901 shares in the company, valued at approximately $203,649,402,587.43. This trade represents a 0.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Douglas J. Herrington sold 2,500 shares of Amazon.com stock in a transaction on Friday, August 1st. The stock was sold at an average price of $217.00, for a total value of $542,500.00. Following the sale, the chief executive officer owned 512,050 shares of the company’s stock, valued at approximately $111,114,850. This trade represents a 0.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 25,096,253 shares of company stock valued at $5,673,745,409. Corporate insiders own 10.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. Robert W. Baird upped their target price on shares of Amazon.com from $220.00 to $244.00 and gave the company an “outperform” rating in a research note on Monday, July 21st. Morgan Stanley restated an “overweight” rating and set a $300.00 target price on shares of Amazon.com in a research note on Thursday, August 14th. Truist Financial upped their target price on shares of Amazon.com from $226.00 to $250.00 and gave the company a “buy” rating in a research note on Wednesday, July 2nd. Wall Street Zen upgraded shares of Amazon.com from a “hold” rating to a “buy” rating in a research note on Saturday, August 2nd. Finally, Stifel Nicolaus upped their target price on shares of Amazon.com from $245.00 to $262.00 and gave the company a “buy” rating in a research note on Tuesday, July 29th. One analyst has rated the stock with a hold rating, forty-seven have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, Amazon.com has an average rating of “Buy” and an average target price of $262.87.

Amazon.com Stock Up 0.2%

NASDAQ AMZN opened at $231.49 on Tuesday. The company has a quick ratio of 0.81, a current ratio of 1.02 and a debt-to-equity ratio of 0.15. The company has a fifty day moving average of $221.70 and a two-hundred day moving average of $208.21. The firm has a market capitalization of $2.47 trillion, a price-to-earnings ratio of 35.29, a PEG ratio of 1.56 and a beta of 1.31. Amazon.com, Inc. has a 52 week low of $161.38 and a 52 week high of $242.52.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share for the quarter, topping the consensus estimate of $1.31 by $0.37. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%. The business had revenue of $167.70 billion during the quarter, compared to the consensus estimate of $161.80 billion. During the same period last year, the company earned $1.26 earnings per share. The business’s revenue for the quarter was up 13.3% compared to the same quarter last year. On average, analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current 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.