Meeder Advisory Services Inc. Increases Position in Amazon.com, Inc. (NASDAQ:AMZN)

Meeder Advisory Services Inc. lifted its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 6.8% during the 4th quarter, Holdings Channel reports. The firm owned 100,125 shares of the e-commerce giant’s stock after purchasing an additional 6,365 shares during the quarter. Amazon.com comprises 1.7% of Meeder Advisory Services Inc.’s holdings, making the stock its 10th largest position. Meeder Advisory Services Inc.’s holdings in Amazon.com were worth $15,213,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in AMZN. PayPay Securities Corp boosted its holdings in Amazon.com by 54.3% in the third quarter. PayPay Securities Corp now owns 267 shares of the e-commerce giant’s stock worth $34,000 after acquiring an additional 94 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. boosted its holdings in Amazon.com by 45.0% in the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 277 shares of the e-commerce giant’s stock worth $42,000 after acquiring an additional 86 shares in the last quarter. Authentikos Wealth Advisory LLC bought a new position in Amazon.com in the third quarter worth approximately $49,000. Bruce G. Allen Investments LLC bought a new position in Amazon.com in the fourth quarter worth approximately $57,000. Finally, AM Squared Ltd bought a new position in Amazon.com in the third quarter worth approximately $76,000. Institutional investors own 72.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Susquehanna increased their price target on Amazon.com from $185.00 to $220.00 and gave the stock a “positive” rating in a report on Friday, February 2nd. Deutsche Bank Aktiengesellschaft increased their price target on Amazon.com from $175.00 to $200.00 and gave the stock a “buy” rating in a report on Friday, February 2nd. Truist Financial increased their price objective on Amazon.com from $195.00 to $216.00 and gave the stock a “buy” rating in a research note on Wednesday, April 17th. Piper Sandler increased their price objective on Amazon.com from $185.00 to $205.00 and gave the stock an “overweight” rating in a research note on Friday, February 2nd. Finally, The Goldman Sachs Group increased their price objective on Amazon.com from $200.00 to $220.00 and gave the stock 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 assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $204.76.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $155.72, for a total transaction of $77,860.00. Following the completion of the sale, the chief executive officer now directly owns 116,560 shares of the company’s stock, valued at $18,150,723.20. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $155.72, for a total transaction of $77,860.00. Following the completion of the sale, the chief executive officer now directly owns 116,560 shares of the company’s stock, valued at $18,150,723.20. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Douglas J. Herrington sold 3,500 shares of the company’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $180.73, for a total transaction of $632,555.00. Following the sale, the chief executive officer now directly owns 512,858 shares of the company’s stock, valued at $92,688,826.34. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 32,214,010 shares of company stock valued at $5,505,889,146. Insiders own 10.80% of the company’s stock.

Amazon.com Trading Down 1.6 %

Shares of NASDAQ AMZN opened at $176.59 on Thursday. The firm’s 50 day moving average price is $177.71 and its 200-day moving average price is $158.12. The company has a market cap of $1.83 trillion, a PE ratio of 60.89, a P/E/G ratio of 1.54 and a beta of 1.16. Amazon.com, Inc. has a 52-week low of $101.15 and a 52-week high of $189.77. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.84 and a current ratio of 1.05.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, February 1st. The e-commerce giant reported $1.00 earnings per share for the quarter, beating the consensus estimate of $0.81 by $0.19. Amazon.com had a net margin of 5.29% and a return on equity of 16.61%. The firm had revenue of $169.96 billion during the quarter, compared to analysts’ expectations of $165.96 billion. During the same period in the previous year, the company earned $0.21 earnings per share. The firm’s quarterly revenue was up 13.9% on a year-over-year basis. On average, equities research analysts expect that Amazon.com, Inc. will post 4.1 EPS for the current fiscal year.

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.