Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by UMB Bank n.a.

UMB Bank n.a. trimmed its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 760,950 shares of the e-commerce giant’s stock after selling 20,844 shares during the period. Amazon.com comprises 2.2% of UMB Bank n.a.’s holdings, making the stock its 8th largest position. UMB Bank n.a.’s holdings in Amazon.com were worth $141,788,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of AMZN. Park Place Capital Corp lifted its stake in Amazon.com by 3.2% in the 1st quarter. Park Place Capital Corp now owns 19,857 shares of the e-commerce giant’s stock valued at $3,582,000 after purchasing an additional 616 shares during the last quarter. Consilio Wealth Advisors LLC lifted its stake in Amazon.com by 9.8% in the 1st quarter. Consilio Wealth Advisors LLC now owns 49,895 shares of the e-commerce giant’s stock valued at $9,000,000 after purchasing an additional 4,462 shares during the last quarter. WESPAC Advisors SoCal LLC lifted its stake in Amazon.com by 2.5% in the 1st quarter. WESPAC Advisors SoCal LLC now owns 93,564 shares of the e-commerce giant’s stock valued at $16,877,000 after purchasing an additional 2,298 shares during the last quarter. Steele Capital Management Inc. lifted its stake in Amazon.com by 1.2% in the 1st quarter. Steele Capital Management Inc. now owns 68,663 shares of the e-commerce giant’s stock valued at $12,385,000 after purchasing an additional 835 shares during the last quarter. Finally, Stordahl Capital Management Inc. lifted its stake in Amazon.com by 2.1% in the 1st quarter. Stordahl Capital Management Inc. now owns 2,763 shares of the e-commerce giant’s stock valued at $498,000 after purchasing an additional 56 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

AMZN has been the subject of several recent analyst reports. Truist Financial raised their target price on shares of Amazon.com from $265.00 to $270.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Needham & Company LLC reiterated a “buy” rating and issued a $210.00 target price on shares of Amazon.com in a research note on Friday, November 1st. The Goldman Sachs Group raised their target price on shares of Amazon.com from $230.00 to $240.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Roth Mkm raised their price objective on shares of Amazon.com from $210.00 to $215.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. Finally, Scotiabank raised their price objective on shares of Amazon.com from $245.00 to $246.00 and gave the stock a “sector outperform” rating in a research report on Friday, November 1st. Two equities research analysts have rated the stock with a hold rating, forty have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $234.55.

Amazon.com Stock Performance

NASDAQ AMZN opened at $207.09 on Thursday. The firm’s fifty day moving average price is $186.48 and its two-hundred day moving average price is $184.23. The stock has a market cap of $2.17 trillion, a PE ratio of 44.34, a PEG ratio of 1.46 and a beta of 1.14. Amazon.com, Inc. has a fifty-two week low of $139.52 and a fifty-two week high of $207.55. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09.

Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, topping analysts’ consensus estimates of $1.14 by $0.29. The firm had revenue of $158.88 billion for the quarter, compared to analysts’ expectations of $157.28 billion. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The company’s revenue was up 11.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.85 earnings per share. On average, equities analysts expect that Amazon.com, Inc. will post 4.98 EPS for the current fiscal year.

Insider Transactions at Amazon.com

In other news, CFO Brian T. Olsavsky sold 14,600 shares of Amazon.com stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $180.00, for a total transaction of $2,628,000.00. Following the transaction, the chief financial officer now owns 49,000 shares in the company, valued at approximately $8,820,000. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Jonathan Rubinstein sold 5,004 shares of Amazon.com stock in a transaction on Friday, November 1st. The shares were sold at an average price of $199.85, for a total transaction of $1,000,049.40. Following the transaction, the director now owns 99,396 shares in the company, valued at approximately $19,864,290.60. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Brian T. Olsavsky sold 14,600 shares of Amazon.com stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $180.00, for a total transaction of $2,628,000.00. Following the transaction, the chief financial officer now owns 49,000 shares in the company, valued at approximately $8,820,000. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 55,859 shares of company stock worth $10,215,097. Company insiders own 10.80% of the company’s stock.

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.