Meeder Advisory Services Inc. Acquires 5,244 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Meeder Advisory Services Inc. boosted its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 3.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 161,860 shares of the e-commerce giant’s stock after purchasing an additional 5,244 shares during the quarter. Amazon.com comprises about 2.0% of Meeder Advisory Services Inc.’s holdings, making the stock its 11th biggest position. Meeder Advisory Services Inc.’s holdings in Amazon.com were worth $30,159,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Semus Wealth Partners LLC grew its position in Amazon.com by 0.3% in the 3rd quarter. Semus Wealth Partners LLC now owns 17,920 shares of the e-commerce giant’s stock valued at $3,339,000 after purchasing an additional 49 shares during the period. MidAtlantic Capital Management Inc. bought a new stake in Amazon.com in the 3rd quarter worth about $215,000. Jackson Hill Advisors LLC grew its holdings in shares of Amazon.com by 11.2% in the third quarter. Jackson Hill Advisors LLC now owns 112,000 shares of the e-commerce giant’s stock valued at $20,869,000 after acquiring an additional 11,250 shares in the last quarter. Napa Wealth Management increased its position in shares of Amazon.com by 177.6% during the 3rd quarter. Napa Wealth Management now owns 9,567 shares of the e-commerce giant’s stock valued at $1,783,000 after purchasing an additional 6,121 shares during the last quarter. Finally, CAP Partners LLC increased its holdings in Amazon.com by 0.6% during the third quarter. CAP Partners LLC now owns 15,518 shares of the e-commerce giant’s stock worth $2,891,000 after buying an additional 85 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Amazon.com

In related news, Director Jonathan Rubinstein sold 4,351 shares of the stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $229.85, for a total value of $1,000,077.35. Following the completion of the transaction, the director now owns 88,203 shares of the company’s stock, valued at approximately $20,273,459.55. This trade represents a 4.70 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Douglas J. Herrington sold 5,502 shares of Amazon.com stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $205.81, for a total value of $1,132,366.62. Following the completion of the transaction, the chief executive officer now owns 518,911 shares of the company’s stock, valued at approximately $106,797,072.91. This trade represents a 1.05 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 6,032,344 shares of company stock worth $1,253,456,822 in the last quarter. 10.80% of the stock is owned by corporate insiders.

Amazon.com Stock Down 1.5 %

Shares of AMZN stock opened at $223.75 on Monday. The company’s fifty day moving average price is $209.73 and its 200-day moving average price is $192.89. Amazon.com, Inc. has a one year low of $144.05 and a one year high of $233.00. The company has a market capitalization of $2.35 trillion, a price-to-earnings ratio of 47.91, a PEG ratio of 1.54 and a beta of 1.16. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.87.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, topping the consensus estimate of $1.14 by $0.29. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The firm had revenue of $158.88 billion for the quarter, compared to the consensus estimate of $157.28 billion. During the same quarter in the previous year, the firm earned $0.85 earnings per share. The company’s quarterly revenue was up 11.0% compared to the same quarter last year. Sell-side analysts expect that Amazon.com, Inc. will post 5.29 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on AMZN shares. Needham & Company LLC reissued a “buy” rating and issued a $250.00 target price on shares of Amazon.com in a research report on Tuesday, December 10th. Rosenblatt Securities upped their target price on shares of Amazon.com from $221.00 to $236.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Wells Fargo & Company restated an “equal weight” rating and issued a $197.00 target price on shares of Amazon.com in a research note on Wednesday, November 20th. Monness Crespi & Hardt raised their price objective on shares of Amazon.com from $225.00 to $245.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Finally, Benchmark raised their price objective on Amazon.com from $200.00 to $215.00 and gave the company a “buy” rating in a report on Friday, November 1st. Two investment analysts have rated the stock with a hold rating, forty-one have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $243.00.

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.