Meeder Advisory Services Inc. Has $37.37 Million Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Meeder Advisory Services Inc. increased its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 5.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 170,356 shares of the e-commerce giant's stock after buying an additional 8,496 shares during the quarter. Amazon.com comprises approximately 2.3% 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 $37,374,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Prudent Man Investment Management Inc. bought a new stake in shares of Amazon.com during the 4th quarter worth about $27,000. Accordant Advisory Group Inc raised its holdings in Amazon.com by 400.0% during the fourth quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant's stock worth $27,000 after purchasing an additional 100 shares in the last quarter. Compass Planning Associates Inc acquired a new stake in Amazon.com in the fourth quarter worth approximately $51,000. Quattro Financial Advisors LLC boosted its stake in Amazon.com by 23.8% during the 4th quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant's stock valued at $51,000 after purchasing an additional 45 shares in the last quarter. Finally, Halbert Hargrove Global Advisors LLC acquired a new position in shares of Amazon.com during the 4th quarter valued at $54,000. Institutional investors and hedge funds own 72.20% of the company's stock.

Amazon.com Price Performance

NASDAQ:AMZN traded down $2.32 during trading hours on Monday, reaching $187.66. 7,036,173 shares of the company were exchanged, compared to its average volume of 46,105,578. The company has a market capitalization of $1.99 trillion, a P/E ratio of 33.97, a P/E/G ratio of 1.50 and a beta of 1.30. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.87. The business has a 50 day moving average of $190.48 and a 200 day moving average of $208.06. Amazon.com, Inc. has a 1-year low of $151.61 and a 1-year high of $242.52.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share for the quarter, topping the consensus estimate of $1.38 by $0.21. The business had revenue of $155.67 billion during the quarter, compared to the consensus estimate of $154.96 billion. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. Amazon.com's revenue for the quarter was up 8.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.98 EPS. Research analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current year.

Insider Activity at Amazon.com

In other news, SVP David Zapolsky sold 19,212 shares of the firm's stock in a transaction on Monday, February 24th. The shares were sold at an average price of $217.50, for a total transaction of $4,178,610.00. Following the completion of the transaction, the senior vice president now owns 49,950 shares of the company's stock, valued at approximately $10,864,125. This trade represents a 27.78 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Douglas J. Herrington sold 5,501 shares of the firm's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $228.44, for a total value of $1,256,648.44. Following the transaction, the chief executive officer now directly owns 505,318 shares of the company's stock, valued at approximately $115,434,843.92. This represents a 1.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 104,798 shares of company stock valued at $23,341,803 in the last quarter. Insiders own 9.70% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on AMZN. The Goldman Sachs Group decreased their target price on Amazon.com from $255.00 to $220.00 and set a "buy" rating for the company in a research note on Tuesday, April 22nd. Westpark Capital reissued a "buy" rating and set a $280.00 target price on shares of Amazon.com in a research note on Friday. BNP Paribas raised Amazon.com to a "hold" rating in a research report on Wednesday, April 30th. Piper Sandler reissued an "overweight" rating and set a $212.00 price objective (down previously from $215.00) on shares of Amazon.com in a report on Friday. Finally, Evercore ISI lowered their price target on Amazon.com from $270.00 to $260.00 and set an "outperform" rating on the stock in a report on Friday. Three equities research analysts have rated the stock with a hold rating and forty-four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $243.55.

Amazon.com Company 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.