Amazon.com, Inc. (NASDAQ:AMZN) Shares Acquired by Meridian Management Co.

Meridian Management Co. increased its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 27.6% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 33,460 shares of the e-commerce giant’s stock after acquiring an additional 7,246 shares during the period. Amazon.com makes up about 1.6% of Meridian Management Co.’s investment portfolio, making the stock its 18th largest position. Meridian Management Co.’s holdings in Amazon.com were worth $6,235,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Alterna Wealth Management Inc. boosted its holdings in shares of Amazon.com by 38.3% during the second quarter. Alterna Wealth Management Inc. now owns 11,686 shares of the e-commerce giant’s stock worth $2,258,000 after purchasing an additional 3,238 shares during the last quarter. Cardinal Point Capital Management ULC increased its stake in shares of Amazon.com by 25.9% during the 2nd quarter. Cardinal Point Capital Management ULC now owns 3,401 shares of the e-commerce giant’s stock valued at $657,000 after acquiring an additional 699 shares during the last quarter. Compton Wealth Advisory Group LLC lifted its holdings in shares of Amazon.com by 3.9% during the 2nd quarter. Compton Wealth Advisory Group LLC now owns 30,881 shares of the e-commerce giant’s stock worth $5,968,000 after acquiring an additional 1,161 shares during the period. Diversify Advisory Services LLC lifted its holdings in shares of Amazon.com by 49.6% during the 2nd quarter. Diversify Advisory Services LLC now owns 298,770 shares of the e-commerce giant’s stock worth $59,557,000 after acquiring an additional 99,084 shares during the period. Finally, FSM Wealth Advisors LLC grew its holdings in Amazon.com by 1.5% in the second quarter. FSM Wealth Advisors LLC now owns 12,945 shares of the e-commerce giant’s stock valued at $2,502,000 after purchasing an additional 190 shares during the period. Institutional investors and hedge funds own 72.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. Telsey Advisory Group lifted their target price on Amazon.com from $215.00 to $235.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Royal Bank of Canada increased their target price on shares of Amazon.com from $215.00 to $225.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Roth Mkm lifted their price target on shares of Amazon.com from $220.00 to $250.00 and gave the company a “buy” rating in a research report on Monday, December 9th. UBS Group increased their price objective on shares of Amazon.com from $230.00 to $264.00 and gave the stock a “buy” rating in a research report on Monday, December 16th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on Amazon.com from $225.00 to $232.00 and gave the company a “buy” rating in a report on Friday, November 1st. Two research analysts have rated the stock with a hold rating, forty-one have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Amazon.com has a consensus rating of “Moderate Buy” and an average price target of $243.00.

Insider Activity

In related news, Director Jonathan Rubinstein sold 4,351 shares of Amazon.com stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $229.85, for a total transaction of $1,000,077.35. Following the transaction, the director now owns 88,203 shares of the company’s stock, valued at $20,273,459.55. The trade was a 4.70 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Jeffrey P. Bezos sold 2,996,362 shares of the company’s stock in a transaction on 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 completion of the sale, the insider now 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 position. The disclosure for this sale can be found here. In the last three months, insiders have sold 6,034,534 shares of company stock valued at $1,253,883,872. 10.80% of the stock is currently owned by insiders.

Amazon.com Stock Performance

NASDAQ AMZN opened at $224.92 on Monday. The firm’s 50 day simple moving average is $205.83 and its 200 day simple moving average is $191.38. 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 1 year low of $144.05 and a 1 year high of $233.00. The firm has a market capitalization of $2.37 trillion, a price-to-earnings ratio of 48.16, a P/E/G ratio of 1.54 and a beta of 1.16.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, beating analysts’ consensus estimates of $1.14 by $0.29. The company had revenue of $158.88 billion during the quarter, compared to analysts’ expectations of $157.28 billion. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. Amazon.com’s revenue was up 11.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.85 EPS. As a group, research analysts expect that Amazon.com, Inc. will post 5.29 earnings per share 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.