NatWest Group plc Buys Shares of 24,006 Amazon.com, Inc. $AMZN

NatWest Group plc bought a new stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) during the third quarter, HoldingsChannel.com reports. The fund bought 24,006 shares of the e-commerce giant’s stock, valued at approximately $5,271,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of AMZN. Carderock Capital Management Inc. purchased a new stake in shares of Amazon.com during the second quarter valued at $27,000. Maryland Capital Advisors Inc. increased its stake in Amazon.com by 81.9% in the 2nd quarter. Maryland Capital Advisors Inc. now owns 211 shares of the e-commerce giant’s stock worth $46,000 after buying an additional 95 shares during the period. Ryan Investment Management Inc. bought a new stake in Amazon.com during the 2nd quarter valued at about $48,000. Cooksen Wealth LLC boosted its position in Amazon.com by 23.5% in the 2nd quarter. Cooksen Wealth LLC now owns 247 shares of the e-commerce giant’s stock valued at $54,000 after buying an additional 47 shares during the period. Finally, MJT & Associates Financial Advisory Group Inc. purchased a new stake in Amazon.com in the 1st quarter valued at about $59,000. 72.20% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, Director Keith Brian Alexander sold 900 shares of the stock in a transaction on Monday, November 17th. The stock was sold at an average price of $233.00, for a total transaction of $209,700.00. Following the completion of the sale, the director owned 7,170 shares in the company, valued at approximately $1,670,610. This represents a 11.15% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Daniel P. Huttenlocher sold 1,237 shares of the business’s stock in a transaction on Thursday, November 20th. The stock was sold at an average price of $226.61, for a total value of $280,316.57. Following the transaction, the director owned 26,148 shares in the company, valued at approximately $5,925,398.28. This trade represents a 4.52% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 82,234 shares of company stock valued at $19,076,767 over the last quarter. Insiders own 10.80% of the company’s stock.

Amazon.com Price Performance

AMZN opened at $227.35 on Monday. The firm has a market capitalization of $2.43 trillion, a PE ratio of 32.11, a price-to-earnings-growth ratio of 1.56 and a beta of 1.37. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.01 and a quick ratio of 0.80. The business’s 50-day moving average is $229.52 and its two-hundred day moving average is $225.65. Amazon.com, Inc. has a 1 year low of $161.38 and a 1 year high of $258.60.

Amazon.com (NASDAQ:AMZNGet Free Report) last released its quarterly earnings results on Thursday, October 30th. The e-commerce giant reported $1.95 EPS for the quarter, beating the consensus estimate of $1.57 by $0.38. Amazon.com had a net margin of 11.06% and a return on equity of 23.62%. The business had revenue of $180.17 billion during the quarter, compared to analyst estimates of $177.53 billion. During the same period in the prior year, the firm posted $1.43 earnings per share. The company’s quarterly revenue was up 13.4% on a year-over-year basis. Research analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

AMZN has been the topic of a number of research reports. Pivotal Research raised their target price on shares of Amazon.com from $285.00 to $300.00 and gave the stock a “buy” rating in a research report on Friday, October 31st. JMP Securities set a $300.00 target price on Amazon.com in a research report on Friday, October 31st. Benchmark upped their target price on Amazon.com from $260.00 to $295.00 and gave the stock a “buy” rating in a report on Friday, October 31st. President Capital raised their price target on Amazon.com from $280.00 to $320.00 and gave the company a “buy” rating in a research note on Tuesday, November 4th. Finally, Citizens Jmp reaffirmed a “market outperform” rating and issued a $300.00 price objective on shares of Amazon.com in a research note on Wednesday, December 3rd. Two research analysts have rated the stock with a Strong Buy rating, fifty-six have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, Amazon.com has a consensus rating of “Moderate Buy” and an average price target of $295.50.

Check Out Our Latest Report on Amazon.com

Amazon.com News Summary

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Amazon.com Company Profile

(Free Report)

Amazon.com, Inc is a diversified technology and retail company best known for its e-commerce marketplace and broad portfolio of consumer and enterprise services. Founded by Jeff Bezos in 1994 and headquartered in Seattle, Washington, the company launched as an online bookseller and expanded into a global retail platform that sells products directly to consumers and provides a marketplace for third-party sellers. Over time Amazon has grown beyond retail into areas including cloud computing, digital media, devices and logistics.

Key businesses and offerings include Amazon’s online marketplace and fulfillment services, the Amazon Prime membership program (which bundles expedited shipping with streaming and other benefits), Amazon Web Services (AWS) which supplies on-demand cloud computing and storage to businesses and public-sector customers, and a range of content and advertising services such as Prime Video and Amazon Advertising.

See Also

Want to see what other hedge funds are holding AMZN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amazon.com, Inc. (NASDAQ:AMZNFree Report).

Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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