Amazon.com, Inc. (NASDAQ:AMZN) is Umpqua Bank’s 10th Largest Position

Umpqua Bank lifted its position in Amazon.com, Inc. (NASDAQ:AMZN) by 0.4% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 35,120 shares of the e-commerce giant’s stock after buying an additional 137 shares during the quarter. Amazon.com comprises 2.4% of Umpqua Bank’s investment portfolio, making the stock its 10th largest holding. Umpqua Bank’s holdings in Amazon.com were worth $6,544,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Capital Market Strategies LLC lifted its holdings in Amazon.com by 14.4% in the 2nd quarter. Capital Market Strategies LLC now owns 9,150 shares of the e-commerce giant’s stock worth $1,768,000 after purchasing an additional 1,149 shares during the last quarter. Neville Rodie & Shaw Inc. raised its position in shares of Amazon.com by 2.8% in the second quarter. Neville Rodie & Shaw Inc. now owns 102,610 shares of the e-commerce giant’s stock valued at $19,830,000 after purchasing an additional 2,840 shares during the period. Transcend Capital Advisors LLC boosted its holdings in shares of Amazon.com by 3.2% during the 2nd quarter. Transcend Capital Advisors LLC now owns 111,019 shares of the e-commerce giant’s stock worth $21,454,000 after buying an additional 3,462 shares during the period. Park Place Capital Corp lifted its position in Amazon.com by 6.7% during the 2nd quarter. Park Place Capital Corp now owns 21,190 shares of the e-commerce giant’s stock worth $4,095,000 after acquiring an additional 1,333 shares during the last quarter. Finally, GAMMA Investing LLC boosted its holdings in Amazon.com by 50.1% during the second quarter. GAMMA Investing LLC now owns 99,974 shares of the e-commerce giant’s stock valued at $19,320,000 after acquiring an additional 33,384 shares during the period. Institutional investors and hedge funds own 72.20% of the company’s stock.

Insider Activity at Amazon.com

In related news, Director Jonathan Rubinstein sold 4,351 shares of the company’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $229.85, for a total value of $1,000,077.35. Following the completion of the sale, the director now owns 88,203 shares in the company, valued at approximately $20,273,459.55. This represents a 4.70 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Jeffrey P. Bezos sold 2,996,362 shares of the company’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $208.85, for a total value of $625,790,203.70. Following the completion of the sale, the insider now owns 917,416,976 shares of the company’s stock, valued at $191,602,535,437.60. This represents a 0.33 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 6,034,534 shares of company stock worth $1,253,883,872. 10.80% of the stock is owned by insiders.

Amazon.com Stock Down 0.7 %

Shares of NASDAQ AMZN opened at $227.46 on Friday. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $2.39 trillion, a PE ratio of 48.71, a price-to-earnings-growth ratio of 1.54 and a beta of 1.16. The firm’s 50-day moving average is $201.65 and its 200-day moving average is $189.72. Amazon.com, Inc. has a 1 year low of $144.05 and a 1 year high of $231.20.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, beating 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 business’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same period last year, the firm earned $0.85 earnings per share. Equities analysts expect that Amazon.com, Inc. will post 5.29 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Pivotal Research initiated coverage on Amazon.com in a research note on Friday, October 11th. They issued a “buy” rating and a $260.00 price objective on the stock. Oppenheimer upped their price target on Amazon.com from $220.00 to $230.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Loop Capital raised their price objective on shares of Amazon.com from $225.00 to $275.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Robert W. Baird upped their target price on shares of Amazon.com from $220.00 to $260.00 and gave the company an “outperform” rating in a research note on Friday. Finally, Needham & Company LLC restated a “buy” rating and issued a $250.00 price target on shares of Amazon.com in a research report on Tuesday, December 10th. Two research analysts have rated the stock with a hold rating, forty-one have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $238.87.

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.