Meridian Management Co. Has $5.42 Million Holdings in Amazon.com, Inc. $AMZN

Key Points

• Meridian Management Co. has reduced its stake in Amazon.com by 12.6%, now holding 28,497 shares valued at approximately $5.42 million, making it the company's 16th largest holding.
• Recent insider trading reported that Jeffrey P. Bezos sold over 4.27 million shares of Amazon, resulting in a total transaction of nearly $960.67 million, decreasing his ownership by 0.47%.
• Wall Street analysts remain optimistic, with most firms giving Amazon a buy rating and price targets ranging from $262.87 to $305.00, with a consensus rating of "Buy."

Meridian Management Co. reduced its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 12.6% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 28,497 shares of the e-commerce giant's stock after selling 4,119 shares during the quarter. Amazon.com comprises about 1.7% of Meridian Management Co.'s investment portfolio, making the stock its 16th largest holding. Meridian Management Co.'s holdings in Amazon.com were worth $5,422,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of AMZN. Brio Consultants LLC raised its position in Amazon.com by 257.0% in the first quarter. Brio Consultants LLC now owns 24,745 shares of the e-commerce giant's stock worth $4,708,000 after acquiring an additional 17,814 shares in the last quarter. University of Texas Texas AM Investment Management Co. raised its position in Amazon.com by 3.6% in the first quarter. University of Texas Texas AM Investment Management Co. now owns 83,526 shares of the e-commerce giant's stock worth $15,892,000 after acquiring an additional 2,928 shares in the last quarter. Shoker Investment Counsel Inc. raised its position in Amazon.com by 1.6% in the first quarter. Shoker Investment Counsel Inc. now owns 28,037 shares of the e-commerce giant's stock worth $5,334,000 after acquiring an additional 451 shares in the last quarter. Carrera Capital Advisors raised its position in Amazon.com by 12.4% in the first quarter. Carrera Capital Advisors now owns 20,079 shares of the e-commerce giant's stock worth $3,820,000 after acquiring an additional 2,209 shares in the last quarter. Finally, Wealthstream Advisors Inc. raised its position in Amazon.com by 0.8% in the first quarter. Wealthstream Advisors Inc. now owns 13,368 shares of the e-commerce giant's stock worth $2,543,000 after acquiring an additional 107 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors.

Insider Activity at Amazon.com

In other news, insider Jeffrey P. Bezos sold 4,273,237 shares of the company's stock in a transaction that occurred on Friday, July 11th. The stock was sold at an average price of $224.81, for a total transaction of $960,666,409.97. Following the completion of the transaction, the insider directly owned 897,722,088 shares in the company, valued at $201,816,902,603.28. The trade was a 0.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold 25,097,911 shares of company stock worth $5,675,986,299 in the last three months. 9.70% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages have commented on AMZN. Morgan Stanley reiterated an "overweight" rating and issued a $300.00 price target on shares of Amazon.com in a research report on Thursday, August 14th. Tigress Financial boosted their price target on shares of Amazon.com from $290.00 to $305.00 and gave the stock a "buy" rating in a research report on Tuesday, May 6th. Rosenblatt Securities upped their price objective on shares of Amazon.com from $288.00 to $297.00 and gave the company a "buy" rating in a research note on Friday, August 1st. Cantor Fitzgerald raised their target price on shares of Amazon.com from $260.00 to $280.00 and gave the stock an "overweight" rating in a report on Friday, August 1st. Finally, Westpark Capital reiterated a "buy" rating and issued a $280.00 target price on shares of Amazon.com in a report on Friday, August 1st. Two research analysts have rated the stock with a Strong Buy rating, forty-six have given a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, Amazon.com presently has a consensus rating of "Buy" and a consensus target price of $262.87.

Amazon.com Stock Up 1.1%

Shares of NASDAQ AMZN traded up $2.48 during trading hours on Thursday, hitting $231.60. The stock had a trading volume of 33,650,159 shares, compared to its average volume of 46,110,316. The firm's 50-day moving average price is $223.48 and its two-hundred day moving average price is $208.13. Amazon.com, Inc. has a 52 week low of $161.38 and a 52 week high of $242.52. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.81 and a current ratio of 1.02. The company has a market capitalization of $2.47 trillion, a P/E ratio of 35.30, a P/E/G ratio of 1.54 and a beta of 1.31.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share for the quarter, topping the consensus estimate of $1.31 by $0.37. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%.The firm had revenue of $167.70 billion during the quarter, compared to analyst estimates of $161.80 billion. During the same period in the previous year, the company earned $1.26 EPS. The company's revenue for the quarter was up 13.3% on a year-over-year basis. Amazon.com has set its Q3 2025 guidance at EPS. Analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

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.