Meeder Advisory Services Inc. Buys 6,365 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Meeder Advisory Services Inc. increased its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 6.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 100,125 shares of the e-commerce giant’s stock after acquiring an additional 6,365 shares during the period. 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 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Capital City Trust Co. FL grew its holdings in Amazon.com by 1.5% in the third quarter. Capital City Trust Co. FL now owns 53,923 shares of the e-commerce giant’s stock valued at $6,855,000 after purchasing an additional 771 shares during the period. Essex Savings Bank lifted its position in Amazon.com by 2.8% during the third quarter. Essex Savings Bank now owns 26,332 shares of the e-commerce giant’s stock worth $3,347,000 after buying an additional 706 shares in the last quarter. Geometric Wealth Advisors lifted its position in Amazon.com by 2.4% during the third quarter. Geometric Wealth Advisors now owns 6,695 shares of the e-commerce giant’s stock worth $851,000 after buying an additional 155 shares in the last quarter. BCS Wealth Management purchased a new position in Amazon.com during the third quarter worth approximately $1,335,000. Finally, Northwest Investment Counselors LLC lifted its position in Amazon.com by 0.6% during the third quarter. Northwest Investment Counselors LLC now owns 23,131 shares of the e-commerce giant’s stock worth $2,940,000 after buying an additional 146 shares in the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on AMZN. Susquehanna lifted their price objective on Amazon.com from $185.00 to $220.00 and gave the stock a “positive” rating in a research report on Friday, February 2nd. Monness Crespi & Hardt lifted their price objective on Amazon.com from $170.00 to $215.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. TD Cowen lifted their price objective on Amazon.com from $200.00 to $225.00 and gave the stock an “outperform” rating in a research report on Friday, February 2nd. Maxim Group started coverage on Amazon.com in a research note on Wednesday, April 17th. They set a “buy” rating and a $218.00 target price for the company. Finally, Royal Bank of Canada raised their target price on Amazon.com from $180.00 to $215.00 and gave the stock an “outperform” rating in a research note on Friday, February 2nd. One investment analyst has rated the stock with a hold rating, forty-four have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Amazon.com presently has an average rating of “Buy” and an average target price of $204.76.

Insider Buying and Selling

In related news, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction that occurred on Thursday, April 18th. The shares were sold at an average price of $181.38, for a total value of $90,690.00. Following the sale, the chief executive officer now directly owns 130,600 shares of the company’s stock, valued at $23,688,228. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Amazon.com news, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction that occurred on Thursday, April 18th. The shares were sold at an average price of $181.38, for a total transaction of $90,690.00. Following the transaction, the chief executive officer now directly owns 130,600 shares of the company’s stock, valued at $23,688,228. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Andrew R. Jassy sold 50,000 shares of Amazon.com stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $168.65, for a total transaction of $8,432,500.00. Following the transaction, the chief executive officer now directly owns 2,014,055 shares in the company, valued at $339,670,375.75. The disclosure for this sale can be found here. Over the last three months, insiders have 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 Stock Performance

Shares of NASDAQ AMZN opened at $176.59 on Thursday. The company has a market cap of $1.83 trillion, a PE ratio of 60.89, a price-to-earnings-growth ratio of 1.54 and a beta of 1.16. Amazon.com, Inc. has a 12 month low of $101.15 and a 12 month high of $189.77. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.05 and a quick ratio of 0.84. The company has a 50-day simple moving average of $177.71 and a 200-day simple moving average of $158.12.

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

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.