Meeder Advisory Services Inc. Purchases 10,101 Shares of Amazon.com, Inc. $AMZN

Meeder Advisory Services Inc. raised its position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 5.9% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 180,457 shares of the e-commerce giant's stock after buying an additional 10,101 shares during the period. Amazon.com accounts for about 2.1% of Meeder Advisory Services Inc.'s investment portfolio, making the stock its 10th biggest position. Meeder Advisory Services Inc.'s holdings in Amazon.com were worth $34,334,000 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. Western Wealth Management LLC boosted its position in Amazon.com by 0.9% in the first quarter. Western Wealth Management LLC now owns 140,122 shares of the e-commerce giant's stock valued at $26,660,000 after buying an additional 1,297 shares in the last quarter. Barnes Dennig Private Wealth Management LLC acquired a new position in shares of Amazon.com during the first quarter worth approximately $514,000. Bearing Point Capital LLC acquired a new position in shares of Amazon.com during the fourth quarter worth approximately $12,014,000. Evergreen Capital Management LLC lifted its position in shares of Amazon.com by 0.5% during the fourth quarter. Evergreen Capital Management LLC now owns 242,550 shares of the e-commerce giant's stock worth $53,213,000 after purchasing an additional 1,198 shares in the last quarter. Finally, Keyvantage Wealth LLC acquired a new position in shares of Amazon.com during the fourth quarter worth approximately $2,735,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on AMZN. Monness Crespi & Hardt upped their target price on shares of Amazon.com from $265.00 to $275.00 and gave the stock a "buy" rating in a research report on Friday, August 1st. Jefferies Financial Group upped their target price on shares of Amazon.com from $255.00 to $265.00 in a research report on Wednesday, July 16th. Tigress Financial upped their target price on shares of Amazon.com from $290.00 to $305.00 and gave the stock a "buy" rating in a research report on Tuesday, May 6th. JPMorgan Chase & Co. upped their target price on shares of Amazon.com from $255.00 to $265.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. Finally, JMP Securities reissued a "market outperform" rating and set a $285.00 price target on shares of Amazon.com in a research note on Friday, August 1st. Two equities research analysts have rated the stock with a Strong Buy rating, forty-six have given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of "Buy" and an average target price of $262.87.

Insider Activity at Amazon.com

In other news, insider Jeffrey P. Bezos sold 4,273,237 shares of the business's stock in a transaction that occurred on Friday, July 11th. The shares were sold at an average price of $224.81, for a total value of $960,666,409.97. Following the completion of the transaction, the insider directly owned 897,722,088 shares in the company, valued at approximately $201,816,902,603.28. The trade was a 0.47% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last ninety days, insiders have sold 25,097,911 shares of company stock valued at $5,675,986,299. 9.70% of the stock is currently owned by insiders.

Amazon.com Stock Up 1.1%

Amazon.com stock opened at $231.60 on Friday. The company has a fifty day simple moving average of $223.86 and a 200 day simple moving average of $208.12. Amazon.com, Inc. has a 1-year low of $161.38 and a 1-year high of $242.52. The company has a market cap of $2.47 trillion, a P/E ratio of 35.30, a price-to-earnings-growth ratio of 1.54 and a beta of 1.31. The company has a current ratio of 1.02, a quick ratio of 0.81 and a debt-to-equity ratio of 0.15.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 EPS for the quarter, topping the consensus estimate of $1.31 by $0.37. The business had revenue of $167.70 billion during the quarter, compared to the consensus estimate of $161.80 billion. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. Amazon.com's revenue was up 13.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.26 EPS. Amazon.com has set its Q3 2025 guidance at EPS. Research analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal 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.

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