Meridian Wealth Management LLC Buys 6,161 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Meridian Wealth Management LLC raised its stake in Amazon.com, Inc. ( NASDAQ:AMZN ) by 2.

0% in the 4th quarter, HoldingsChannel.com reports. The fund owned 320,866 shares of the e-commerce giant’s stock after purchasing an additional 6,161 shares during the period.



Amazon.com comprises 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 as of its most recent filing with the Securities and Exchange Commission (SEC). Several other hedge funds also recently made changes to their positions in the company.

Rench Wealth Management Inc. grew its position in Amazon.com by 7.

9% during the 3rd quarter. Rench Wealth Management Inc. now owns 50,403 shares of the e-commerce giant’s stock worth $9,392,000 after purchasing an additional 3,703 shares during the last quarter.

Blankinship & Foster LLC grew its holdings in shares of Amazon.com by 216.4% during the third quarter.

Blankinship & Foster LLC now owns 6,930 shares of the e-commerce giant’s stock worth $1,291,000 after buying an additional 4,740 shares during the last quarter. Umpqua Bank increased its position in Amazon.com by 0.

4% in the 3rd quarter. Umpqua Bank now owns 35,120 shares of the e-commerce giant’s stock valued at $6,544,000 after acquiring an additional 137 shares during the period. One Wealth Capital Management LLC purchased a new stake in Amazon.

com during the 4th quarter valued at approximately $4,270,000. Finally, Floyd Financial Group LLC purchased a new position in shares of Amazon.com in the 4th quarter valued at approximately $4,494,000.

Hedge funds and other institutional investors own 72.20% of the company’s stock. Analyst Ratings Changes AMZN has been the subject of several recent research reports.

Mizuho increased their price target on Amazon.com from $240.00 to $260.

00 and gave the stock an “outperform” rating in a report on Tuesday, December 10th. JMP Securities set a $285.00 price target on shares of Amazon.

com in a report on Thursday, March 27th. Royal Bank of Canada lifted their price objective on Amazon.com from $255.

00 to $265.00 and gave the company an “outperform” rating in a report on Friday, February 7th. Loop Capital raised their price target on Amazon.

com from $275.00 to $285.00 and gave the company a “buy” rating in a report on Wednesday, February 12th.

Finally, Rosenblatt Securities raised their target price on Amazon.com from $236.00 to $287.

00 and gave the company a “buy” rating in a report on Friday, February 7th. Two equities research analysts have rated the stock with a hold rating, forty-three have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.

com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $260.53. Insider Transactions at Amazon.

com In related news, CEO Douglas J. Herrington sold 27,500 shares of the company’s stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $230.

27, for a total transaction of $6,332,425.00. Following the sale, the chief executive officer now directly owns 497,067 shares of the company’s stock, valued at approximately $114,459,618.

09. This represents a 5.24 % decrease in their position.

The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink . Also, CEO Andrew R. Jassy sold 20,784 shares of Amazon.

com stock in a transaction on 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 transaction, the chief executive officer now directly owns 2,118,886 shares of the company’s stock, valued at approximately $467,532,195.90.

This represents a 0.97 % decrease in their position. The disclosure for this sale can be found here .

Over the last 90 days, insiders have sold 104,798 shares of company stock valued at $23,341,803. Insiders own 10.80% of the company’s stock.

Amazon.com Stock Performance Shares of AMZN opened at $178.41 on Friday.

Amazon.com, Inc. has a 52-week low of $151.

61 and a 52-week high of $242.52. The company has a quick ratio of 0.

87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18.

The firm has a market cap of $1.89 trillion, a price-to-earnings ratio of 32.26, a PEG ratio of 1.

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

46 and its two-hundred day moving average is $209.01. 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 the consensus estimate of $1.

52 by $0.34. Amazon.

com had a net margin of 9.29% and a return on equity of 24.25%.

Analysts forecast that Amazon.com, Inc. will post 6.

31 EPS for the current fiscal year. Amazon.com Company 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.

Featured Articles Want to see what other hedge funds are holding AMZN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amazon.com, Inc.

( NASDAQ:AMZN – Free Report ). Receive News & Ratings for Amazon.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amazon.

com and related companies with MarketBeat.com's FREE daily email newsletter ..