Meeder Advisory Services Inc. Has $42.27 Million Stake in Amazon.com, Inc. $AMZN

Meeder Advisory Services Inc. increased its position in shares of Amazon.com, Inc. (NASDAQ:AMZNFree Report) by 2.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 192,502 shares of the e-commerce giant’s stock after purchasing an additional 5,289 shares during the period. Amazon.com makes up about 2.0% of Meeder Advisory Services Inc.’s portfolio, making the stock its 11th biggest holding. Meeder Advisory Services Inc.’s holdings in Amazon.com were worth $42,268,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Maryland Capital Advisors Inc. increased its position in Amazon.com by 81.9% during the second quarter. Maryland Capital Advisors Inc. now owns 211 shares of the e-commerce giant’s stock worth $46,000 after acquiring an additional 95 shares during the period. Cooksen Wealth LLC grew its position in shares of Amazon.com by 23.5% during the 2nd quarter. Cooksen Wealth LLC now owns 247 shares of the e-commerce giant’s stock worth $54,000 after purchasing an additional 47 shares in the last quarter. PayPay Securities Corp grew its position in shares of Amazon.com by 62.3% during the 3rd quarter. PayPay Securities Corp now owns 250 shares of the e-commerce giant’s stock worth $55,000 after purchasing an additional 96 shares in the last quarter. Access Investment Management LLC bought a new position in shares of Amazon.com during the second quarter worth approximately $74,000. Finally, Sagard Holdings Management Inc. acquired a new stake in shares of Amazon.com in the second quarter valued at approximately $79,000. 72.20% of the stock is owned by institutional investors and hedge funds.

Amazon.com Trading Up 2.6%

AMZN opened at $244.68 on Wednesday. The company has a market cap of $2.62 trillion, a P/E ratio of 34.56, a PEG ratio of 1.49 and a beta of 1.37. The company has a current ratio of 1.01, a quick ratio of 0.80 and a debt-to-equity ratio of 0.14. The company’s 50 day moving average is $232.23 and its 200-day moving average is $229.37. Amazon.com, Inc. has a 1-year low of $161.38 and a 1-year high of $258.60.

Amazon.com (NASDAQ:AMZNGet Free Report) last released its quarterly earnings data on Thursday, October 30th. The e-commerce giant reported $1.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.57 by $0.38. Amazon.com had a net margin of 11.06% and a return on equity of 23.62%. The business had revenue of $180.17 billion during the quarter, compared to analysts’ expectations of $177.53 billion. During the same period in the prior year, the company earned $1.43 EPS. The firm’s quarterly revenue was up 13.4% compared to the same quarter last year. Equities research analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Amazon.com news, CEO Andrew R. Jassy sold 19,872 shares of the stock in a transaction dated Friday, November 21st. The stock was sold at an average price of $216.94, for a total value of $4,311,031.68. Following the completion of the transaction, the chief executive officer directly owned 2,208,310 shares in the company, valued at approximately $479,070,771.40. This trade represents a 0.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Douglas J. Herrington sold 22,000 shares of the business’s stock in a transaction dated Friday, October 31st. The stock was sold at an average price of $250.03, for a total value of $5,500,660.00. Following the sale, the chief executive officer owned 493,507 shares in the company, valued at approximately $123,391,555.21. This trade represents a 4.27% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 79,734 shares of company stock worth $18,534,017 in the last ninety days. Insiders own 10.80% of the company’s stock.

Key Amazon.com News

Here are the key news stories impacting Amazon.com this week:

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Susquehanna set a $300.00 price target on Amazon.com and gave the stock a “positive” rating in a research report on Friday, October 31st. President Capital increased their target price on Amazon.com from $280.00 to $320.00 and gave the stock a “buy” rating in a report on Tuesday, November 4th. Deutsche Bank Aktiengesellschaft raised their price target on Amazon.com from $278.00 to $300.00 and gave the stock a “buy” rating in a research report on Friday, October 31st. Rothschild Redb cut shares of Amazon.com from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 18th. Finally, The Goldman Sachs Group raised their target price on shares of Amazon.com from $290.00 to $300.00 and gave the company a “buy” rating in a report on Wednesday, January 14th. One analyst has rated the stock with a Strong Buy rating, fifty-four have given a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, Amazon.com has a consensus rating of “Moderate Buy” and a consensus target price of $295.65.

View Our Latest Stock Analysis on AMZN

Amazon.com Company Profile

(Free Report)

Amazon.com, Inc is a diversified technology and retail company best known for its e-commerce marketplace and broad portfolio of consumer and enterprise services. Founded by Jeff Bezos in 1994 and headquartered in Seattle, Washington, the company launched as an online bookseller and expanded into a global retail platform that sells products directly to consumers and provides a marketplace for third-party sellers. Over time Amazon has grown beyond retail into areas including cloud computing, digital media, devices and logistics.

Key businesses and offerings include Amazon’s online marketplace and fulfillment services, the Amazon Prime membership program (which bundles expedited shipping with streaming and other benefits), Amazon Web Services (AWS) which supplies on-demand cloud computing and storage to businesses and public-sector customers, and a range of content and advertising services such as Prime Video and Amazon Advertising.

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

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