Meridian Wealth Management LLC Increases Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Meridian Wealth Management LLC increased its position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 2.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 320,866 shares of the e-commerce giant's stock after acquiring an additional 6,161 shares during the period. Amazon.com makes up about 3.3% of Meridian Wealth Management LLC's investment portfolio, making the stock its 6th biggest position. Meridian Wealth Management LLC's holdings in Amazon.com were worth $70,395,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. AMF Tjanstepension AB lifted its holdings in shares of Amazon.com by 44.3% in the third quarter. AMF Tjanstepension AB now owns 2,641,401 shares of the e-commerce giant's stock valued at $492,172,000 after purchasing an additional 811,425 shares in the last quarter. Swedbank AB lifted its stake in Amazon.com by 1.4% in the 3rd quarter. Swedbank AB now owns 13,335,826 shares of the e-commerce giant's stock valued at $2,484,864,000 after buying an additional 183,610 shares in the last quarter. Sassicaia Capital Advisers LLC acquired a new stake in Amazon.com during the 3rd quarter valued at $279,000. Howard Capital Management Group LLC increased its position in Amazon.com by 0.3% during the third quarter. Howard Capital Management Group LLC now owns 356,539 shares of the e-commerce giant's stock worth $66,434,000 after buying an additional 897 shares in the last quarter. Finally, Meridian Management Co. raised its holdings in shares of Amazon.com by 27.6% in the third quarter. Meridian Management Co. now owns 33,460 shares of the e-commerce giant's stock worth $6,235,000 after acquiring an additional 7,246 shares during the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

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Insider Transactions at Amazon.com

In other news, CEO Douglas J. Herrington sold 27,500 shares of the company's stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $230.27, for a total transaction of $6,332,425.00. Following the completion of the transaction, the chief executive officer now owns 497,067 shares in the company, valued at approximately $114,459,618.09. This represents a 5.24 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Andrew R. Jassy sold 20,784 shares of the stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $220.65, for a total transaction of $4,585,989.60. Following the completion of the sale, the chief executive officer now directly owns 2,118,886 shares in the company, valued at approximately $467,532,195.90. This trade represents a 0.97 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 104,798 shares of company stock worth $23,341,803. 10.80% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

AMZN has been the topic of a number of analyst reports. Benchmark increased their price objective on Amazon.com from $215.00 to $265.00 and gave the company a "buy" rating in a research note on Tuesday, February 4th. HSBC raised their price target on shares of Amazon.com from $225.00 to $270.00 and gave the stock a "buy" rating in a research note on Monday, January 13th. Wedbush reissued an "outperform" rating and issued a $280.00 price objective on shares of Amazon.com in a research report on Friday, February 7th. Royal Bank of Canada raised their target price on shares of Amazon.com from $255.00 to $265.00 and gave the stock an "outperform" rating in a research report on Friday, February 7th. Finally, Jefferies Financial Group cut their price target on Amazon.com from $275.00 to $250.00 and set a "buy" rating for the company in a report on Monday, March 31st. Two investment analysts have rated the stock with a hold rating, forty-three have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $260.53.

Amazon.com Stock Performance

AMZN stock traded up $4.26 during trading on Monday, hitting $175.26. 109,053,091 shares of the company's stock traded hands, compared to its average volume of 40,907,791. The stock has a market capitalization of $1.86 trillion, a price-to-earnings ratio of 31.69, a price-to-earnings-growth ratio of 1.50 and a beta of 1.39. Amazon.com, Inc. has a 52 week low of $151.61 and a 52 week high of $242.52. The stock has a fifty day moving average price of $210.97 and a two-hundred day moving average price of $209.12. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share 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%. As a group, equities analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

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.