Meridian Financial Partners LLC Takes Position in Amazon.com, Inc. (NASDAQ:AMZN)

Meridian Financial Partners LLC purchased a new position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 18,786 shares of the e-commerce giant's stock, valued at approximately $3,500,000. Amazon.com makes up about 1.8% of Meridian Financial Partners LLC's investment portfolio, making the stock its 10th largest holding.

Other hedge funds have also bought and sold shares of the company. PayPay Securities Corp boosted its stake in Amazon.com by 64.6% in the second quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant's stock valued at $32,000 after acquiring an additional 64 shares during the period. Hoese & Co LLP acquired a new position in Amazon.com in the third quarter valued at approximately $37,000. Christopher J. Hasenberg Inc boosted its stake in Amazon.com by 650.0% in the second quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant's stock valued at $58,000 after acquiring an additional 260 shares during the period. Koesten Hirschmann & Crabtree INC. acquired a new position in Amazon.com in the first quarter valued at approximately $69,000. Finally, Innealta Capital LLC acquired a new position in Amazon.com in the second quarter valued at approximately $77,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Amazon.com Stock Up 1.4 %

Shares of NASDAQ AMZN traded up $2.91 during mid-day trading on Tuesday, reaching $204.61. The company had a trading volume of 30,921,727 shares, compared to its average volume of 41,560,453. Amazon.com, Inc. has a twelve month low of $141.50 and a twelve month high of $215.90. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09. The stock has a market capitalization of $2.15 trillion, a PE ratio of 43.81, a price-to-earnings-growth ratio of 1.36 and a beta of 1.14. The stock's 50 day moving average is $192.19 and its 200-day moving average is $186.06.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, topping analysts' consensus estimates of $1.14 by $0.29. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The business had revenue of $158.88 billion for the quarter, compared to the consensus estimate of $157.28 billion. During the same period in the prior year, the business posted $0.85 earnings per share. Amazon.com's revenue for the quarter was up 11.0% compared to the same quarter last year. As a group, equities analysts anticipate that Amazon.com, Inc. will post 5.27 earnings per share for the current fiscal year.

Insider Transactions at Amazon.com

In related news, insider Jeffrey P. Bezos sold 2,996,362 shares of the company's stock in a transaction on Friday, November 8th. The shares were sold at an average price of $208.85, for a total value of $625,790,203.70. Following the completion of the sale, the insider now directly owns 917,416,976 shares in the company, valued at approximately $191,602,535,437.60. This represents a 0.33 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Daniel P. Huttenlocher sold 1,237 shares of the company's stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $199.06, for a total transaction of $246,237.22. Following the sale, the director now owns 24,912 shares of the company's stock, valued at $4,958,982.72. This trade represents a 4.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 6,054,586 shares of company stock valued at $1,256,749,526. 10.80% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages have commented on AMZN. JMP Securities lifted their target price on Amazon.com from $265.00 to $285.00 and gave the company a "market outperform" rating in a research note on Friday, November 1st. Royal Bank of Canada boosted their price objective on Amazon.com from $215.00 to $225.00 and gave the stock an "outperform" rating in a research report on Friday, November 1st. Pivotal Research initiated coverage on Amazon.com in a research report on Friday, October 11th. They set a "buy" rating and a $260.00 price objective for the company. UBS Group boosted their price objective on Amazon.com from $220.00 to $223.00 and gave the stock a "buy" rating in a research report on Monday, October 28th. Finally, Stifel Nicolaus boosted their price objective on Amazon.com from $224.00 to $245.00 and gave the stock a "buy" rating in a research report on Friday, November 1st. Two analysts have rated the stock with a hold rating, forty have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Amazon.com currently has an average rating of "Moderate Buy" and a consensus target price of $235.45.

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.