NatWest Group plc bought a new stake in Amazon.com, Inc. (NASDAQ:AMZN) during the second quarter, HoldingsChannel.com reports. The institutional investor bought 22,606 shares of the e-commerce giant’s stock, valued at approximately $2,947,000. Amazon.com accounts for 1.5% of NatWest Group plc’s investment portfolio, making the stock its 25th biggest holding.
Other large investors have also recently added to or reduced their stakes in the company. Laurel Wealth Planning LLC boosted its holdings in Amazon.com by 1,900.0% during the second quarter. Laurel Wealth Planning LLC now owns 320 shares of the e-commerce giant’s stock worth $34,000 after buying an additional 304 shares in the last quarter. Sanctuary Wealth Management L.L.C. purchased a new stake in shares of Amazon.com during the 4th quarter worth approximately $37,000. Swaine & Leidel Wealth Services LLC acquired a new stake in shares of Amazon.com in the 1st quarter worth approximately $38,000. Atlantic Private Wealth LLC acquired a new position in Amazon.com during the first quarter worth $43,000. Finally, Goodwin Investment Advisory boosted its position in Amazon.com by 1,225.8% during the second quarter. Goodwin Investment Advisory now owns 411 shares of the e-commerce giant’s stock worth $44,000 after purchasing an additional 380 shares in the last quarter. 57.96% of the stock is owned by hedge funds and other institutional investors.
Insider Activity
In other news, CEO Douglas J. Herrington sold 4,000 shares of the stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $133.55, for a total value of $534,200.00. Following the completion of the transaction, the chief executive officer now directly owns 560,301 shares in the company, valued at $74,828,198.55. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction on Thursday, October 19th. The stock was sold at an average price of $130.53, for a total transaction of $65,265.00. Following the completion of the sale, the chief executive officer now directly owns 104,520 shares of the company’s stock, valued at approximately $13,642,995.60. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Douglas J. Herrington sold 4,000 shares of the stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $133.55, for a total value of $534,200.00. Following the completion of the transaction, the chief executive officer now owns 560,301 shares of the company’s stock, valued at approximately $74,828,198.55. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,408,645 shares of company stock valued at $55,208,288. Company insiders own 12.70% of the company’s stock.
Amazon.com Trading Up 1.1 %
Amazon.com (NASDAQ:AMZN – Get Free Report) last posted its earnings results on Thursday, August 3rd. The e-commerce giant reported $0.63 EPS for the quarter, topping the consensus estimate of $0.34 by $0.29. Amazon.com had a net margin of 2.43% and a return on equity of 9.14%. The firm had revenue of $134.38 billion during the quarter, compared to analysts’ expectations of $131.54 billion. Equities research analysts expect that Amazon.com, Inc. will post 2.23 EPS for the current year.
Wall Street Analysts Forecast Growth
AMZN has been the topic of a number of recent research reports. Morgan Stanley reaffirmed an “overweight” rating and issued a $175.00 target price on shares of Amazon.com in a research note on Monday, October 2nd. JMP Securities reaffirmed a “market outperform” rating and set a $175.00 price target on shares of Amazon.com in a research report on Monday, October 16th. Wells Fargo & Company reiterated an “overweight” rating and issued a $165.00 price target on shares of Amazon.com in a report on Tuesday, October 10th. Wolfe Research upped their price objective on Amazon.com from $140.00 to $150.00 in a report on Monday, July 10th. Finally, Truist Financial reduced their target price on Amazon.com from $176.00 to $174.00 and set a “buy” rating on the stock in a report on Tuesday, October 17th. Two analysts have rated the stock with a hold rating and forty-nine have issued a buy rating to the company. According to MarketBeat, Amazon.com presently has a consensus rating of “Moderate Buy” and a consensus target price of $165.21.
Read Our Latest Stock Analysis on AMZN
Amazon.com Company Profile
Amazon.com, Inc engages in the retail sale of consumer products and subscriptions through online and physical stores in North America and internationally. It operates through three segments: North America, International, and Amazon Web Services (AWS). The company's products offered through its stores include merchandise and content purchased for resale; and products offered by third-party sellers.
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