Amazon.com, Inc. (NASDAQ:AMZN) Shares Bought by Meridian Wealth Management LLC

Meridian Wealth Management LLC lifted its position in shares of Amazon.com, Inc. ( NASDAQ:AMZN – Free Report ) by 2.

0% during the fourth quarter, according to 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 purchasing an additional 6,161 shares during the quarter. Amazon.



com accounts for approximately 3.3% of Meridian Wealth Management LLC’s portfolio, making the stock its 6th largest holding. Meridian Wealth Management LLC’s holdings in Amazon.

com were worth $70,395,000 at the end of the most recent reporting period. Several other institutional investors have also recently made changes to their positions in the company. Accordant Advisory Group Inc grew its position in Amazon.

com by 400.0% during the fourth quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant’s stock valued at $27,000 after buying an additional 100 shares during the period.

Icon Wealth Advisors LLC boosted its stake in shares of 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 worth $28,000 after acquiring an additional 25,581 shares in the last quarter. Quattro Financial Advisors LLC grew its position in shares of Amazon.com by 23.

8% during the 4th quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant’s stock valued at $51,000 after acquiring an additional 45 shares during the period. Compass Planning Associates Inc acquired a new position in Amazon.

com in the 4th quarter worth about $51,000. Finally, Halbert Hargrove Global Advisors LLC acquired a new position in Amazon.com in the 4th quarter worth about $54,000.

72.20% of the stock is owned by hedge funds and other institutional investors. Analyst Ratings Changes A number of analysts have recently commented on AMZN shares.

Tigress Financial boosted their price objective on Amazon.com from $245.00 to $290.

00 and gave the company a “buy” rating in a research report on Friday, December 20th. Robert W. Baird upped their price objective on shares of Amazon.

com from $220.00 to $260.00 and gave the stock an “outperform” rating in a research report on Friday, December 13th.

Morgan Stanley increased their price objective on shares of Amazon.com from $230.00 to $280.

00 and gave the company an “overweight” rating in a report on Monday, January 13th. JPMorgan Chase & Co. boosted their target price on shares of Amazon.

com from $250.00 to $280.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 18th.

Finally, Telsey Advisory Group reaffirmed an “outperform” rating and issued a $275.00 price target on shares of Amazon.com in a research note on Friday, February 7th.

Two research analysts have rated the stock with a hold rating, forty-three have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Amazon.com currently has a consensus rating of “Moderate Buy” and a consensus price target of $260.

53. Insider Activity at Amazon.com In other news, CEO Andrew R.

Jassy sold 20,784 shares of Amazon.com stock in a transaction on Friday, February 21st. The shares were 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 of the company’s stock, valued at approximately $467,532,195.

90. The trade was a 0.97 % decrease in their position.

The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website . Also, CEO Douglas J. Herrington sold 27,500 shares of the stock in a transaction on Wednesday, February 12th.

The shares were sold at an average price of $230.27, for a total value of $6,332,425.00.

Following the completion of the transaction, the chief executive officer now directly owns 497,067 shares in the company, valued at $114,459,618.09. This trade represents a 5.

24 % decrease in their position. The disclosure for this sale can be found here . Insiders have sold a total of 104,798 shares of company stock valued at $23,341,803 over the last 90 days.

10.80% of the stock is owned by corporate insiders. Amazon.

com Stock Down 9.0 % Shares of NASDAQ AMZN opened at $178.41 on Friday.

The stock has a market cap of $1.89 trillion, a P/E ratio of 32.26, a PEG ratio of 1.

50 and a beta of 1.19. The business’s fifty day simple moving average is $213.

46 and its 200-day simple moving average is $209.01. 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 – Get Free Report ) last posted its quarterly earnings results 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 return on equity of 24.25% and a net margin of 9.29%.

As a group, equities analysts predict that Amazon.com, Inc. will post 6.

31 EPS for the current fiscal year. Amazon.com Profile ( Free Report ) 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.

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