Amazon.com Inc. (AMZN) Stake Boosted by UMB Bank N A MO
UMB Bank N A MO increased its stake in Amazon.com Inc. (NASDAQ:AMZN) by 61.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 17,299 shares of the e-commerce giant’s stock after buying an additional 6,609 shares during the period. UMB Bank N A MO’s holdings in Amazon.com were worth $12,379,000 as of its most recent filing with the SEC.
Other institutional investors also recently bought and sold shares of the company. Bank of Montreal Can bought a new position in Amazon.com during the second quarter valued at about $341,933,000. Suvretta Capital Management LLC bought a new position in Amazon.com during the first quarter valued at about $147,407,000. NN Investment Partners Holdings N.V. bought a new position in Amazon.com during the first quarter valued at about $96,403,000. BlackRock Institutional Trust Company N.A. raised its position in Amazon.com by 1.6% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 9,968,586 shares of the e-commerce giant’s stock valued at $5,917,751,000 after buying an additional 156,823 shares in the last quarter. Finally, Tybourne Capital Management HK Ltd. raised its position in Amazon.com by 41.7% in the first quarter. Tybourne Capital Management HK Ltd. now owns 505,337 shares of the e-commerce giant’s stock valued at $299,988,000 after buying an additional 148,690 shares in the last quarter. 65.44% of the stock is owned by hedge funds and other institutional investors.
Amazon.com Inc. (NASDAQ:AMZN) traded down 0.07% during trading on Monday, hitting $836.74. The stock had a trading volume of 2,769,448 shares. The company has a market cap of $396.68 billion, a P/E ratio of 208.09 and a beta of 1.19. The firm has a 50 day moving average of $781.12 and a 200-day moving average of $712.35. Amazon.com Inc. has a one year low of $474.00 and a one year high of $839.95.
Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, July 28th. The e-commerce giant reported $1.78 EPS for the quarter, topping the Zacks’ consensus estimate of $1.11 by $0.67. Amazon.com had a return on equity of 13.52% and a net margin of 1.60%. The firm had revenue of $30.40 billion for the quarter, compared to the consensus estimate of $29.54 billion. During the same quarter last year, the business posted $0.19 earnings per share. The firm’s revenue was up 31.1% compared to the same quarter last year. Equities analysts anticipate that Amazon.com Inc. will post $5.82 earnings per share for the current fiscal year.
AMZN has been the subject of several recent analyst reports. Bank of America Corp. reaffirmed a “buy” rating and issued a $860.00 price target on shares of Amazon.com in a research report on Monday, August 15th. KeyCorp reiterated an “overweight” rating and issued a $847.00 price objective on shares of Amazon.com in a report on Sunday, August 21st. JPMorgan Chase & Co. set a $908.00 price objective on Amazon.com and gave the stock a “buy” rating in a report on Tuesday, July 12th. Piper Jaffray Cos. reiterated a “buy” rating and issued a $800.00 price objective on shares of Amazon.com in a report on Friday, July 8th. Finally, Cowen and Company reiterated an “outperform” rating and issued a $960.00 price objective (up from $900.00) on shares of Amazon.com in a report on Monday, September 26th. Seven equities research analysts have rated the stock with a hold rating and forty-five have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $885.11.
In related news, CEO Andrew R. Jassy sold 14,000 shares of Amazon.com stock in a transaction that occurred on Thursday, September 22nd. The stock was sold at an average price of $800.00, for a total transaction of $11,200,000.00. Following the transaction, the chief executive officer now owns 68,141 shares in the company, valued at $54,512,800. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Jeffrey P. Bezos sold 1,000,000 shares of Amazon.com stock in a transaction that occurred on Thursday, August 4th. The stock was sold at an average price of $756.74, for a total value of $756,740,000.00. Following the transaction, the chief executive officer now owns 81,871,067 shares in the company, valued at approximately $61,955,111,241.58. The disclosure for this sale can be found here. Corporate insiders own 17.70% of the company’s stock.
Amazon.com Company Profile
Amazon.com, Inc offers a range of products and services through its Websites. The Company’s products include merchandise and content that it purchases for resale from vendors and those offered by third-party sellers. The Company has three segments: North America, International and Amazon Web Services (AWS).
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