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

NatWest Group plc acquired a new position in Amazon.com, Inc. (NASDAQ:AMZNFree Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 24,006 shares of the e-commerce giant’s stock, valued at approximately $5,271,000.

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

Amazon.com News Roundup

Here are the key news stories impacting Amazon.com this week:

Wall Street Analyst Weigh In

AMZN has been the topic of a number of recent analyst reports. Pivotal Research raised their price target on Amazon.com from $285.00 to $300.00 and gave the company a “buy” rating in a report on Friday, October 31st. Telsey Advisory Group boosted their price target on Amazon.com from $265.00 to $300.00 and gave the stock an “outperform” rating in a report on Friday, October 31st. Stifel Nicolaus upped their price target on Amazon.com from $269.00 to $295.00 and gave the stock a “buy” rating in a research note on Friday, October 31st. Barclays reiterated an “overweight” rating and set a $300.00 price objective (up previously from $275.00) on shares of Amazon.com in a research report on Friday, October 31st. Finally, Loop Capital upped their target price on shares of Amazon.com from $300.00 to $360.00 and gave the stock a “buy” rating in a research report on Tuesday, November 18th. Two analysts have rated the stock with a Strong Buy rating, fifty-six have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, Amazon.com has a consensus rating of “Moderate Buy” and a consensus target price of $295.50.

View Our Latest Stock Analysis on Amazon.com

Amazon.com Price Performance

Amazon.com stock opened at $227.35 on Monday. Amazon.com, Inc. has a 52-week low of $161.38 and a 52-week high of $258.60. The company has a quick ratio of 0.80, a current ratio of 1.01 and a debt-to-equity ratio of 0.14. The firm’s fifty day moving average is $229.52 and its 200 day moving average is $225.65. The company has a market cap of $2.43 trillion, a price-to-earnings ratio of 32.11, a PEG ratio of 1.56 and a beta of 1.37.

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

Insider Activity at Amazon.com

In other Amazon.com news, CEO Andrew R. Jassy sold 19,872 shares of the company’s stock in a transaction that occurred on Friday, November 21st. The stock was sold at an average price of $216.94, for a total transaction of $4,311,031.68. Following the sale, the chief executive officer directly owned 2,208,310 shares in the company, valued at $479,070,771.40. This represents a 0.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Daniel P. Huttenlocher sold 1,237 shares of the firm’s stock in a transaction that occurred on Thursday, November 20th. The shares were sold at an average price of $226.61, for a total value of $280,316.57. Following the completion of the sale, the director directly owned 26,148 shares of the company’s stock, valued at $5,925,398.28. The trade was a 4.52% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 82,234 shares of company stock valued at $19,076,767 over the last ninety days. 10.80% of the stock is currently owned by company insiders.

About Amazon.com

(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

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

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