Meridiem Capital Partners LP Invests $16.65 Million in Amazon.com, Inc. (NASDAQ:AMZN)

Meridiem Capital Partners LP purchased a new position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 75,884 shares of the e-commerce giant's stock, valued at approximately $16,648,000. Amazon.com makes up approximately 1.5% of Meridiem Capital Partners LP's holdings, making the stock its 26th biggest holding.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Regent Peak Wealth Advisors LLC boosted its position in Amazon.com by 0.7% during the fourth quarter. Regent Peak Wealth Advisors LLC now owns 45,153 shares of the e-commerce giant's stock valued at $9,906,000 after purchasing an additional 318 shares in the last quarter. RMR Wealth Builders boosted its position in Amazon.com by 2.5% during the fourth quarter. RMR Wealth Builders now owns 70,423 shares of the e-commerce giant's stock valued at $15,450,000 after purchasing an additional 1,690 shares in the last quarter. Richard P Slaughter Associates Inc boosted its position in Amazon.com by 13.0% during the fourth quarter. Richard P Slaughter Associates Inc now owns 2,117 shares of the e-commerce giant's stock valued at $464,000 after purchasing an additional 244 shares in the last quarter. Cox Capital Mgt LLC boosted its position in Amazon.com by 0.4% during the fourth quarter. Cox Capital Mgt LLC now owns 32,325 shares of the e-commerce giant's stock valued at $7,092,000 after purchasing an additional 132 shares in the last quarter. Finally, Founders Grove Wealth Partners LLC bought a new stake in Amazon.com during the fourth quarter valued at about $943,000. Institutional investors own 72.20% of the company's stock.

Amazon.com Price Performance

AMZN traded down $1.77 during trading on Friday, hitting $203.93. The company's stock had a trading volume of 51,641,602 shares, compared to its average volume of 42,021,406. 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, Inc. has a twelve month low of $151.61 and a twelve month high of $242.52. The business's fifty day simple moving average is $190.57 and its 200 day simple moving average is $208.63. The firm has a market capitalization of $2.16 trillion, a price-to-earnings ratio of 36.88, a P/E/G ratio of 1.50 and a beta of 1.30.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 EPS for the quarter, beating the consensus estimate of $1.38 by $0.21. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. The company had revenue of $155.67 billion for the quarter, compared to analyst estimates of $154.96 billion. During the same period last year, the company earned $0.98 earnings per share. Amazon.com's quarterly revenue was up 8.6% compared to the same quarter last year. On average, equities research analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Citigroup reaffirmed an "outperform" rating on shares of Amazon.com in a research report on Friday, May 2nd. Evercore ISI lowered their price target on Amazon.com from $270.00 to $260.00 and set an "outperform" rating for the company in a report on Friday, May 2nd. JMP Securities reissued a "market outperform" rating on shares of Amazon.com in a report on Tuesday, May 6th. Wall Street Zen downgraded Amazon.com from a "buy" rating to a "hold" rating in a report on Monday, May 5th. Finally, DA Davidson lowered their price target on Amazon.com from $280.00 to $230.00 and set a "buy" rating for the company in a report on Monday, April 14th. Four analysts have rated the stock with a hold rating and forty-four have given a buy rating to the company. According to data from MarketBeat, Amazon.com has a consensus rating of "Moderate Buy" and a consensus price target of $244.09.

Insider Buying and Selling at Amazon.com

In other news, CEO Douglas J. Herrington sold 2,500 shares of Amazon.com stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $187.99, for a total value of $469,975.00. Following the sale, the chief executive officer now directly owns 509,474 shares of the company's stock, valued at $95,776,017.26. The trade was a 0.49% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Keith Brian Alexander sold 1,000 shares of Amazon.com stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $210.68, for a total value of $210,680.00. Following the completion of the sale, the director now directly owns 5,465 shares in the company, valued at $1,151,366.20. This represents a 15.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 99,537 shares of company stock valued at $20,018,625. Company insiders own 9.70% 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.