Amazon.com, Inc. (NASDAQ:AMZN) Stake Lifted by Meeder Asset Management Inc.

Meeder Asset Management Inc. grew its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 13.1% during the fourth quarter, HoldingsChannel reports. The fund owned 143,737 shares of the e-commerce giant’s stock after purchasing an additional 16,602 shares during the period. Amazon.com accounts for about 1.7% of Meeder Asset Management Inc.’s investment portfolio, making the stock its 8th biggest holding. Meeder Asset Management Inc.’s holdings in Amazon.com were worth $21,839,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in AMZN. PayPay Securities Corp grew its stake in Amazon.com by 54.3% during the 3rd quarter. PayPay Securities Corp now owns 267 shares of the e-commerce giant’s stock worth $34,000 after buying an additional 94 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. grew its stake in Amazon.com by 45.0% during the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 277 shares of the e-commerce giant’s stock worth $42,000 after buying an additional 86 shares during the last quarter. Authentikos Wealth Advisory LLC purchased a new position in Amazon.com during the 3rd quarter worth approximately $49,000. Bruce G. Allen Investments LLC purchased a new position in Amazon.com during the 4th quarter worth approximately $57,000. Finally, AM Squared Ltd purchased a new position in Amazon.com during the 3rd quarter worth approximately $76,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Moffett Nathanson reiterated a “buy” rating and issued a $228.00 target price on shares of Amazon.com in a research note on Thursday, April 11th. TD Cowen lifted their target price on Amazon.com from $200.00 to $225.00 and gave the company an “outperform” rating in a research note on Friday, February 2nd. DA Davidson reiterated a “buy” rating and issued a $235.00 target price on shares of Amazon.com in a research note on Thursday, April 18th. Bank of America lifted their target price on Amazon.com from $185.00 to $204.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. Finally, UBS Group lifted their target price on Amazon.com from $180.00 to $198.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. One research analyst has rated the stock with a hold rating, forty-four have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Buy” and an average target price of $204.76.

Amazon.com Stock Down 1.6 %

Shares of Amazon.com stock opened at $176.59 on Thursday. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.29. The business’s 50 day simple moving average is $177.71 and its 200-day simple moving average is $158.12. The stock has a market capitalization of $1.83 trillion, a price-to-earnings ratio of 60.89, a PEG ratio of 1.54 and a beta of 1.16. Amazon.com, Inc. has a twelve month low of $101.15 and a twelve month high of $189.77.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, February 1st. The e-commerce giant reported $1.00 earnings per share for the quarter, topping analysts’ consensus estimates of $0.81 by $0.19. The business had revenue of $169.96 billion for the quarter, compared to analysts’ expectations of $165.96 billion. Amazon.com had a return on equity of 16.61% and a net margin of 5.29%. The business’s quarterly revenue was up 13.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.21 EPS. Equities research analysts forecast that Amazon.com, Inc. will post 4.1 earnings per share for the current year.

Insider Activity at Amazon.com

In related news, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction that occurred on Thursday, April 18th. The stock was sold at an average price of $181.38, for a total value of $90,690.00. Following the sale, the chief executive officer now directly owns 130,600 shares in the company, valued at approximately $23,688,228. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction on Thursday, April 18th. The stock was sold at an average price of $181.38, for a total transaction of $90,690.00. Following the transaction, the chief executive officer now directly owns 130,600 shares in the company, valued at approximately $23,688,228. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Jeffrey P. Bezos sold 2,009,208 shares of Amazon.com stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $166.79, for a total value of $335,115,802.32. Following the transaction, the insider now owns 938,251,817 shares in the company, valued at $156,491,020,557.43. The disclosure for this sale can be found here. Insiders have sold a total of 32,214,010 shares of company stock worth $5,505,889,146 in the last three months. 10.80% of the stock is owned by company insiders.

Amazon.com 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.