Amazon.com, Inc. (NASDAQ:AMZN) is Meeder Asset Management Inc.’s 8th Largest Position

Meeder Asset Management Inc. boosted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 13.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 143,737 shares of the e-commerce giant’s stock after acquiring an additional 16,602 shares during the period. Amazon.com accounts for about 1.7% of Meeder Asset Management Inc.’s holdings, making the stock its 8th biggest position. Meeder Asset Management Inc.’s holdings in Amazon.com were worth $21,839,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. PayPay Securities Corp lifted its position in Amazon.com by 54.3% during the third quarter. PayPay Securities Corp now owns 267 shares of the e-commerce giant’s stock valued at $34,000 after purchasing an additional 94 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. lifted its position in Amazon.com by 45.0% during the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 277 shares of the e-commerce giant’s stock valued at $42,000 after purchasing an additional 86 shares during the last quarter. Authentikos Wealth Advisory LLC bought a new stake in Amazon.com during the third quarter valued at approximately $49,000. Bruce G. Allen Investments LLC bought a new stake in Amazon.com during the fourth quarter valued at approximately $57,000. Finally, AM Squared Ltd bought a new stake in Amazon.com during the third quarter valued at approximately $76,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Insider Activity at Amazon.com

In related news, CEO Adam Selipsky sold 500 shares of the stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $155.72, for a total transaction of $77,860.00. Following the sale, the chief executive officer now directly owns 116,560 shares of the company’s stock, valued at approximately $18,150,723.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $155.72, for a total transaction of $77,860.00. Following the transaction, the chief executive officer now owns 116,560 shares in the company, valued at approximately $18,150,723.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jeffrey P. Bezos sold 2,009,208 shares of the company’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $166.79, for a total transaction of $335,115,802.32. Following the transaction, the insider now owns 938,251,817 shares in the company, valued at approximately $156,491,020,557.43. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 32,214,010 shares of company stock valued at $5,505,889,146. 10.80% of the stock is owned by insiders.

Amazon.com Stock Performance

Shares of AMZN stock opened at $176.59 on Thursday. Amazon.com, Inc. has a one year low of $101.15 and a one year high of $189.77. The company’s 50-day moving average is $177.71 and its 200 day moving average is $158.12. The company has a market capitalization of $1.83 trillion, a price-to-earnings ratio of 60.89, a price-to-earnings-growth ratio of 1.54 and a beta of 1.16. 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 announced its quarterly earnings data on Thursday, February 1st. The e-commerce giant reported $1.00 EPS 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 company had revenue of $169.96 billion for the quarter, compared to the consensus estimate of $165.96 billion. During the same period in the prior year, the firm posted $0.21 EPS. Amazon.com’s revenue for the quarter was up 13.9% on a year-over-year basis. Sell-side analysts expect that Amazon.com, Inc. will post 4.1 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on AMZN shares. Citigroup lifted their target price on shares of Amazon.com from $215.00 to $235.00 and gave the company a “buy” rating in a research report on Wednesday. Morgan Stanley boosted their price objective on shares of Amazon.com from $185.00 to $200.00 and gave the stock an “overweight” rating in a report on Friday, February 2nd. Roth Mkm restated a “buy” rating and issued a $205.00 price objective on shares of Amazon.com in a report on Tuesday, April 16th. Mizuho boosted their price objective on shares of Amazon.com from $220.00 to $230.00 and gave the stock a “buy” rating in a report on Friday, February 2nd. Finally, Evercore ISI boosted their price objective on shares of Amazon.com from $195.00 to $220.00 and gave the stock an “outperform” rating in a report on Friday, February 2nd. One investment analyst has rated the stock with a hold rating, forty-four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $204.76.

About Amazon.com

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.