Meeder Asset Management Inc. Purchases 154,854 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Meeder Asset Management Inc. lifted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 74.8% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 361,882 shares of the e-commerce giant’s stock after purchasing an additional 154,854 shares during the period. Amazon.com accounts for approximately 4.9% of Meeder Asset Management Inc.’s investment portfolio, making the stock its 4th biggest holding. Meeder Asset Management Inc.’s holdings in Amazon.com were worth $69,934,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in AMZN. Cooksen Wealth LLC acquired a new stake in shares of Amazon.com during the fourth quarter worth $30,000. PayPay Securities Corp increased its position in Amazon.com by 64.6% during the second quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant’s stock worth $32,000 after acquiring an additional 64 shares during the period. Christopher J. Hasenberg Inc raised its stake in Amazon.com by 650.0% in the 2nd quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant’s stock worth $58,000 after purchasing an additional 260 shares in the last quarter. Steph & Co. bought a new stake in Amazon.com in the 1st quarter valued at about $65,000. Finally, Koesten Hirschmann & Crabtree INC. acquired a new position in shares of Amazon.com during the 1st quarter worth approximately $69,000. 72.20% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Amazon.com

In related news, VP Shelley Reynolds sold 3,791 shares of the company’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $181.04, for a total transaction of $686,322.64. Following the sale, the vice president now owns 121,461 shares in the company, valued at $21,989,299.44. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Amazon.com news, VP Shelley Reynolds sold 3,791 shares of the business’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $181.04, for a total value of $686,322.64. Following the transaction, the vice president now directly owns 121,461 shares of the company’s stock, valued at approximately $21,989,299.44. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP David Zapolsky sold 2,190 shares of the stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total value of $427,050.00. Following the transaction, the senior vice president now owns 62,420 shares in the company, valued at $12,171,900. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 54,355 shares of company stock valued at $9,877,423. Corporate insiders own 10.80% of the company’s stock.

Amazon.com Stock Up 1.2 %

Amazon.com stock opened at $188.82 on Friday. The firm has a market cap of $1.98 trillion, a price-to-earnings ratio of 45.17, a PEG ratio of 1.38 and a beta of 1.14. Amazon.com, Inc. has a 52-week low of $118.35 and a 52-week high of $201.20. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.88 and a current ratio of 1.10. The firm has a 50 day moving average price of $179.58 and a two-hundred day moving average price of $183.17.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share for the quarter, topping the consensus estimate of $1.05 by $0.18. The company had revenue of $147.98 billion during the quarter, compared to analysts’ expectations of $148.63 billion. Amazon.com had a net margin of 7.35% and a return on equity of 21.39%. Equities analysts predict that Amazon.com, Inc. will post 4.85 EPS for the current year.

Analyst Ratings Changes

AMZN has been the subject of several recent research reports. Wells Fargo & Company cut Amazon.com from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $225.00 to $183.00 in a research note on Monday, October 7th. Royal Bank of Canada reiterated an “outperform” rating and set a $215.00 target price on shares of Amazon.com in a research report on Friday, August 2nd. TD Securities raised their price target on Amazon.com from $225.00 to $245.00 in a research report on Wednesday, July 10th. Stifel Nicolaus cut their price objective on shares of Amazon.com from $228.00 to $224.00 and set a “buy” rating for the company in a research report on Friday, August 2nd. Finally, Bank of America decreased their target price on shares of Amazon.com from $220.00 to $210.00 and set a “buy” rating on the stock in a report on Friday, August 2nd. Two analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $224.00.

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.