UMB Bank n.a. Has $123.68 Million Position in Amazon.com, Inc. (NASDAQ:AMZN)

UMB Bank n.a. cut its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 0.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 814,004 shares of the e-commerce giant’s stock after selling 2,970 shares during the period. Amazon.com accounts for 1.8% of UMB Bank n.a.’s portfolio, making the stock its 10th largest holding. UMB Bank n.a.’s holdings in Amazon.com were worth $123,680,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. raised its stake in Amazon.com by 4.4% during the 3rd quarter. Vanguard Group Inc. now owns 757,951,795 shares of the e-commerce giant’s stock worth $96,350,832,000 after acquiring an additional 32,038,029 shares during the period. State Street Corp increased its stake in shares of Amazon.com by 1.0% in the third quarter. State Street Corp now owns 329,849,003 shares of the e-commerce giant’s stock worth $37,272,937,000 after purchasing an additional 3,121,516 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of Amazon.com by 1,838.8% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 311,971,394 shares of the e-commerce giant’s stock valued at $33,134,481,000 after purchasing an additional 295,880,050 shares during the period. FMR LLC lifted its stake in shares of Amazon.com by 7.7% during the 3rd quarter. FMR LLC now owns 302,101,441 shares of the e-commerce giant’s stock valued at $38,403,135,000 after buying an additional 21,649,871 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in Amazon.com by 2.9% in the 2nd quarter. Geode Capital Management LLC now owns 170,151,722 shares of the e-commerce giant’s stock worth $22,116,108,000 after buying an additional 4,842,542 shares during the period. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on AMZN. Maxim Group started coverage on Amazon.com in a report on Wednesday. They set a “buy” rating and a $218.00 price target on the stock. Morgan Stanley lifted their target price on Amazon.com from $185.00 to $200.00 and gave the company an “overweight” rating in a research note on Friday, February 2nd. UBS Group increased their price objective on shares of Amazon.com from $180.00 to $198.00 and gave the company a “buy” rating in a report on Friday, February 2nd. Wells Fargo & Company lifted their price objective on shares of Amazon.com from $211.00 to $217.00 and gave the company an “overweight” rating in a research report on Monday, April 1st. Finally, The Goldman Sachs Group upped their target price on shares of Amazon.com from $200.00 to $220.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. One research analyst has rated the stock with a hold rating, forty-four have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Amazon.com has a consensus rating of “Buy” and a consensus target price of $202.80.

Amazon.com Stock Performance

AMZN stock opened at $181.28 on Thursday. Amazon.com, Inc. has a twelve month low of $101.15 and a twelve month high of $189.77. The firm has a market cap of $1.89 trillion, a price-to-earnings ratio of 62.51, a PEG ratio of 1.60 and a beta of 1.16. The business’s fifty day simple moving average is $177.09 and its two-hundred day simple moving average is $156.36. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.29.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, February 1st. The e-commerce giant reported $1.00 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.19. Amazon.com had a net margin of 5.29% and a return on equity of 16.61%. The firm had revenue of $169.96 billion for the quarter, compared to analysts’ expectations of $165.96 billion. During the same period in the prior year, the business posted $0.21 earnings per share. The business’s revenue for the quarter was up 13.9% on a year-over-year basis. Analysts predict that Amazon.com, Inc. will post 4.08 earnings per share for the current year.

Insiders Place Their Bets

In other news, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $155.72, for a total transaction of $77,860.00. Following the completion of the sale, the chief executive officer now owns 116,560 shares of the company’s stock, valued at $18,150,723.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Amazon.com news, CEO Douglas J. Herrington sold 3,500 shares of the stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $180.73, for a total transaction of $632,555.00. Following the transaction, the chief executive officer now directly owns 512,858 shares in the company, valued at approximately $92,688,826.34. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $155.72, for a total transaction of $77,860.00. Following the transaction, the chief executive officer now directly owns 116,560 shares in the company, valued at approximately $18,150,723.20. The disclosure for this sale can be found here. Insiders have sold 32,213,510 shares of company stock worth $5,505,798,456 in the last three months. Corporate insiders own 12.70% of the company’s stock.

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.