Meristem purchased a new stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm purchased 1,317 shares of the e-commerce giant’s stock, valued at approximately $890,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. Baystate Wealth Management acquired a new stake in Amazon.com during the fourth quarter valued at $215,000. Park National acquired a new stake in Amazon.com during the fourth quarter valued at $219,000. CT Financial Advisors raised its stake in Amazon.com by 133.3% in the fourth quarter. CT Financial Advisors now owns 350 shares of the e-commerce giant’s stock valued at $236,562 after buying an additional 200 shares during the last quarter. Detwiler Fenton Investment Management acquired a new stake in Amazon.com during the fourth quarter valued at $241,000. Finally, Beacon Financial Group acquired a new stake in Amazon.com during the fourth quarter valued at $247,000.

Shares of Amazon.com, Inc. (NASDAQ:AMZN) traded up 3.71% during mid-day trading on Friday, hitting $596.38. The stock had a trading volume of 5,120,144 shares. Amazon.com, Inc. has a 1-year low of $299.33 and a 1-year high of $696.44. The company has a market capitalization of $279.56 billion and a P/E ratio of 854.41. The stock’s 50-day moving average price is $639.97 and its 200 day moving average price is $574.18.

Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, October 22nd. The e-commerce giant reported $0.17 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.30. The business had revenue of $25.36 billion for the quarter, compared to analyst estimates of $24.91 billion. During the same period in the previous year, the firm posted ($0.95) earnings per share. The firm’s revenue was up 23.2% compared to the same quarter last year. On average, analysts predict that Amazon.com, Inc. will post $1.87 EPS for the current fiscal year.

Several analysts have weighed in on AMZN shares. Zacks Investment Research lowered shares of Amazon.com from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 28th. Oppenheimer reiterated a “buy” rating and set a $525.00 target price on shares of Amazon.com in a research note on Wednesday, September 30th. Vetr lowered shares of Amazon.com from a “strong-buy” rating to a “buy” rating and set a $563.67 target price for the company. in a research note on Wednesday, September 30th. Morningstar restated a “neutral” rating on shares of Amazon.com in a research report on Friday, October 2nd. Finally, Cantor Fitzgerald restated a “buy” rating and set a $670.00 price target on shares of Amazon.com in a research report on Friday, October 2nd. Nine investment analysts have rated the stock with a hold rating, thirty-nine have assigned a buy rating and one has issued a strong buy rating to the stock. Amazon.com presently has an average rating of “Buy” and a consensus target price of $706.00.

In related news, Director Thomas O. Ryder sold 4,000 shares of the business’s stock in a transaction on Monday, November 16th. The stock was sold at an average price of $636.84, for a total value of $2,547,360.00. Following the completion of the sale, the director now directly owns 24,653 shares in the company, valued at approximately $15,700,016.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Diego Piacentini sold 17,016 shares of the business’s stock in a transaction on Monday, November 16th. The shares were sold at an average price of $630.89, for a total value of $10,735,224.24. The disclosure for this sale can be found here.

Amazon.com, Inc. (NASDAQ:AMZN) is an e-commerce company. The Company sells a range of products and services through its Websites. The Company’s products are offered through consumer-facing Websites, which include merchandise and content that it purchases for resale from vendors and those offered by third-party sellers. It designs its Websites to enable products to be sold by the Company and by third parties across various product categories. It also manufactures and sells electronic devices, including Kindle e-readers, Fire tablets, Fire TVs, Echo and Fire phones. Amazon.com operates in two segments: North America and International. The North America segment focuses on retail sales earned through North America-focused Websites. The International segment focuses on the Company’s operations done through its international Websites. It serves developers and enterprises through Amazon Web Services (AWS). It serves authors and independent publishers with Kindle Direct Publishing.

12 Month Chart for NASDAQ:AMZN

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