Meeder Asset Management Inc. cut its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 6.8% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 9,904 shares of the e-commerce giant’s stock after selling 728 shares during the quarter. Amazon.com comprises 0.9% of Meeder Asset Management Inc.’s portfolio, making the stock its 17th largest position. Meeder Asset Management Inc.’s holdings in Amazon.com were worth $9,587,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Reinhart Partners Inc. boosted its stake in Amazon.com by 66.8% in the first quarter. Reinhart Partners Inc. now owns 789 shares of the e-commerce giant’s stock valued at $699,000 after acquiring an additional 316 shares during the last quarter. Hengehold Capital Management LLC boosted its stake in Amazon.com by 3.5% in the first quarter. Hengehold Capital Management LLC now owns 384 shares of the e-commerce giant’s stock valued at $340,000 after acquiring an additional 13 shares during the last quarter. CAPROCK Group Inc. boosted its stake in Amazon.com by 9.2% in the first quarter. CAPROCK Group Inc. now owns 3,529 shares of the e-commerce giant’s stock valued at $3,129,000 after acquiring an additional 298 shares during the last quarter. CT Mason bought a new position in Amazon.com in the first quarter valued at approximately $3,508,000. Finally, First Foundation Advisors boosted its stake in Amazon.com by 99.9% in the first quarter. First Foundation Advisors now owns 6,634 shares of the e-commerce giant’s stock valued at $5,881,000 after acquiring an additional 3,316 shares during the last quarter. 60.77% of the stock is currently owned by hedge funds and other institutional investors.

In other Amazon.com news, CEO Jeffrey A. Wilke sold 2,800 shares of the business’s stock in a transaction on Tuesday, August 22nd. The shares were sold at an average price of $955.20, for a total transaction of $2,674,560.00. Following the transaction, the chief executive officer now directly owns 10,000 shares of the company’s stock, valued at approximately $9,552,000. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Jeffrey A. Wilke sold 710 shares of the business’s stock in a transaction on Wednesday, August 16th. The shares were sold at an average price of $981.74, for a total transaction of $697,035.40. Following the transaction, the chief executive officer now directly owns 15,312 shares in the company, valued at $15,032,402.88. The disclosure for this sale can be found here. Over the last three months, insiders have sold 9,083 shares of company stock worth $8,874,850. Insiders own 17.70% of the company’s stock.

Shares of Amazon.com, Inc. (NASDAQ:AMZN) traded up 1.241% on Thursday, reaching $977.435. 1,718,827 shares of the company traded hands. Amazon.com, Inc. has a one year low of $710.10 and a one year high of $1,083.31. The stock has a market capitalization of $469.54 billion, a P/E ratio of 248.585 and a beta of 1.47. The stock’s 50 day moving average price is $965.23 and its 200-day moving average price is $960.20.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, July 27th. The e-commerce giant reported $0.40 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.40 by ($1.00). The company had revenue of $37.96 billion for the quarter, compared to analysts’ expectations of $37.18 billion. Amazon.com had a net margin of 1.28% and a return on equity of 9.38%. The firm’s revenue for the quarter was up 24.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.78 earnings per share. Equities analysts forecast that Amazon.com, Inc. will post $3.66 earnings per share for the current fiscal year.

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A number of equities analysts have issued reports on AMZN shares. Deutsche Bank AG reaffirmed a “buy” rating on shares of Amazon.com in a research note on Monday, June 12th. Loop Capital reaffirmed a “buy” rating on shares of Amazon.com in a research note on Thursday, June 8th. Nomura reaffirmed a “buy” rating on shares of Amazon.com in a research note on Thursday, June 15th. BidaskClub cut shares of Amazon.com from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, June 13th. Finally, Vetr raised shares of Amazon.com from a “hold” rating to a “buy” rating and set a $1,023.89 price objective on the stock in a research note on Monday, June 12th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, forty-seven have issued a buy rating and two have given a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $1,109.80.

About Amazon.com

Amazon.com, Inc offers a range of products and services through its Websites. The Company operates through three segments: North America, International and Amazon Web Services (AWS). The Company’s products include merchandise and content that it purchases for resale from vendors and those offered by third-party sellers.

Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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