3,506 Shares in Amazon.com, Inc. (AMZN) Acquired by Meridian Wealth Management LLC

Meridian Wealth Management LLC acquired a new position in shares of Amazon.com, Inc. (NASDAQ:AMZN) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 3,506 shares of the e-commerce giant’s stock, valued at approximately $2,640,000. Amazon.com comprises 2.1% of Meridian Wealth Management LLC’s holdings, making the stock its 14th largest position.

Several other hedge funds and other institutional investors have also recently made changes to their positions in AMZN. State Street Corp increased its stake in shares of Amazon.com by 3.5% in the fourth quarter. State Street Corp now owns 16,357,782 shares of the e-commerce giant’s stock worth $12,266,213,000 after buying an additional 548,945 shares during the last quarter. BlackRock Institutional Trust Company N.A. increased its stake in shares of Amazon.com by 2.4% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 10,317,381 shares of the e-commerce giant’s stock worth $8,638,846,000 after buying an additional 237,004 shares during the last quarter. BlackRock Fund Advisors increased its stake in shares of Amazon.com by 4.2% in the third quarter. BlackRock Fund Advisors now owns 4,893,066 shares of the e-commerce giant’s stock worth $4,097,013,000 after buying an additional 198,927 shares during the last quarter. Northern Trust Corp increased its position in shares of Amazon.com by 1.3% in the third quarter. Northern Trust Corp now owns 4,637,241 shares of the e-commerce giant’s stock worth $3,882,808,000 after buying an additional 59,052 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of Amazon.com by 0.5% in the third quarter. Bank of New York Mellon Corp now owns 4,314,655 shares of the e-commerce giant’s stock worth $3,612,703,000 after buying an additional 21,840 shares in the last quarter. 65.08% of the stock is currently owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

Amazon.com, Inc. (NASDAQ:AMZN) traded down 0.432% during trading on Friday, reaching $898.165. 2,011,572 shares of the company were exchanged. The firm has a market cap of $428.58 billion, a price-to-earnings ratio of 183.299 and a beta of 1.40. Amazon.com, Inc. has a 52-week low of $599.20 and a 52-week high of $923.72. The firm has a 50-day moving average of $871.22 and a 200-day moving average of $817.02.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, February 2nd. The e-commerce giant reported $1.54 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.35 by $0.19. Amazon.com had a net margin of 1.74% and a return on equity of 13.87%. The business earned $43.74 billion during the quarter, compared to analysts’ expectations of $44.66 billion. During the same quarter in the prior year, the company posted $1.00 earnings per share. The firm’s revenue was up 22.4% on a year-over-year basis. On average, equities analysts forecast that Amazon.com, Inc. will post $7.24 EPS for the current year.

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A number of equities analysts have issued reports on AMZN shares. Morgan Stanley reiterated an “overweight” rating and set a $950.00 price target on shares of Amazon.com in a research report on Wednesday, January 18th. Deutsche Bank AG reiterated a “buy” rating on shares of Amazon.com in a research report on Friday, February 3rd. JMP Securities set a $950.00 price target on Amazon.com and gave the stock a “buy” rating in a research report on Tuesday, January 31st. Royal Bank of Canada reiterated an “outperform” rating and set a $950.00 price target on shares of Amazon.com in a research report on Saturday, January 14th. Finally, MKM Partners reissued a “buy” rating and set a $995.00 target price on shares of Amazon.com in a report on Tuesday, February 7th. Five analysts have rated the stock with a hold rating and forty-eight have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $961.29.

In other Amazon.com news, Director Tom A. Alberg sold 590 shares of the company’s stock in a transaction on Tuesday, February 21st. The shares were sold at an average price of $850.00, for a total transaction of $501,500.00. Following the sale, the director now directly owns 22,525 shares of the company’s stock, valued at $19,146,250. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider David Zapolsky sold 503 shares of the company’s stock in a transaction on Tuesday, February 21st. The stock was sold at an average price of $850.00, for a total transaction of $427,550.00. Following the sale, the insider now directly owns 2,523 shares in the company, valued at $2,144,550. The disclosure for this sale can be found here. Corporate insiders own 17.70% of the company’s stock.

About Amazon.com

Amazon.com, Inc offers a range of products and services through its Websites. The Company operates through three segments: North America, International and Amazon Web Services (AWS). The North America segment consists of retail sales of consumer products (including from sellers) and subscriptions through North America-focused Websites, such as www.amazon.com, www.amazon.ca and www.amazon.com.mx.

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