Meridiem Investment Management Ltd. Purchases 14,520 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Meridiem Investment Management Ltd. boosted its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 1.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,219,572 shares of the e-commerce giant’s stock after acquiring an additional 14,520 shares during the period. Amazon.com accounts for approximately 4.0% of Meridiem Investment Management Ltd.’s holdings, making the stock its 15th biggest holding. Meridiem Investment Management Ltd.’s holdings in Amazon.com were worth $227,230,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Kraft Asset Management LLC raised its holdings in Amazon.com by 10.2% in the third quarter. Kraft Asset Management LLC now owns 1,241 shares of the e-commerce giant’s stock worth $231,000 after buying an additional 115 shares during the last quarter. Gries Financial LLC boosted its stake in shares of Amazon.com by 31.9% during the 3rd quarter. Gries Financial LLC now owns 25,151 shares of the e-commerce giant’s stock worth $4,686,000 after acquiring an additional 6,079 shares during the last quarter. Legacy Financial Strategies LLC grew its stake in shares of Amazon.com by 15.2% during the 3rd quarter. Legacy Financial Strategies LLC now owns 10,806 shares of the e-commerce giant’s stock valued at $2,013,000 after acquiring an additional 1,426 shares during the period. Continuum Wealth Advisors LLC boosted its holdings in Amazon.com by 4.8% in the 3rd quarter. Continuum Wealth Advisors LLC now owns 2,260 shares of the e-commerce giant’s stock worth $421,000 after buying an additional 103 shares during the period. Finally, Schubert & Co bought a new position in Amazon.com in the 3rd quarter worth approximately $222,000. Institutional investors own 72.20% of the company’s stock.

Analysts Set New Price Targets

AMZN has been the subject of a number of research reports. JMP Securities increased their target price on Amazon.com from $265.00 to $285.00 and gave the company a “market outperform” rating in a research report on Friday, November 1st. JPMorgan Chase & Co. upped their target price on shares of Amazon.com from $230.00 to $250.00 and gave the stock an “overweight” rating in a research note on Friday, November 1st. Roth Mkm boosted their price target on Amazon.com from $210.00 to $215.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. Wedbush boosted their price objective on shares of Amazon.com from $225.00 to $250.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Finally, Cantor Fitzgerald reissued an “overweight” rating and issued a $230.00 price objective on shares of Amazon.com in a research report on Monday, October 7th. Two equities research 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 company. According to data from MarketBeat, Amazon.com presently has an average rating of “Moderate Buy” and an average price target of $235.45.

Amazon.com Trading Up 1.4 %

Shares of AMZN opened at $204.61 on Wednesday. The stock has a market cap 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 company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.21. Amazon.com, Inc. has a 52-week low of $141.50 and a 52-week high of $215.90. The firm’s fifty day moving average is $192.19 and its two-hundred day moving average is $186.06.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.14 by $0.29. The business had revenue of $158.88 billion during the quarter, compared to analysts’ expectations of $157.28 billion. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The business’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.85 EPS. Research analysts forecast that Amazon.com, Inc. will post 5.27 earnings per share for the current fiscal year.

Insider Activity at Amazon.com

In other news, CEO Douglas J. Herrington sold 5,502 shares of the business’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $205.81, for a total transaction of $1,132,366.62. Following the completion of the transaction, the chief executive officer now directly owns 518,911 shares of the company’s stock, valued at approximately $106,797,072.91. The trade was a 1.05 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Jonathan Rubinstein sold 5,004 shares of Amazon.com stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $199.85, for a total transaction of $1,000,049.40. Following the completion of the transaction, the director now owns 99,396 shares of the company’s stock, valued at $19,864,290.60. This represents a 4.79 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 6,011,423 shares of company stock worth $1,249,093,896. Insiders own 10.80% of the company’s stock.

Amazon.com Company Profile

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.