Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by NatWest Group plc

NatWest Group plc trimmed its position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 7.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 40,556 shares of the e-commerce giant's stock after selling 3,244 shares during the quarter. Amazon.com comprises approximately 2.2% of NatWest Group plc's holdings, making the stock its 21st biggest position. NatWest Group plc's holdings in Amazon.com were worth $7,557,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. TruWealth Advisors LLC grew its holdings in Amazon.com by 0.6% during the 3rd quarter. TruWealth Advisors LLC now owns 184,173 shares of the e-commerce giant's stock valued at $34,317,000 after buying an additional 1,080 shares in the last quarter. Ellsworth Advisors LLC increased its holdings in Amazon.com by 8.5% in the 3rd quarter. Ellsworth Advisors LLC now owns 1,739 shares of the e-commerce giant's stock valued at $324,000 after acquiring an additional 136 shares during the last quarter. Drake & Associates LLC lifted its stake in Amazon.com by 22.3% in the 3rd quarter. Drake & Associates LLC now owns 6,977 shares of the e-commerce giant's stock worth $1,300,000 after purchasing an additional 1,273 shares in the last quarter. Trust Co. of Vermont boosted its holdings in shares of Amazon.com by 2.2% during the 3rd quarter. Trust Co. of Vermont now owns 314,803 shares of the e-commerce giant's stock valued at $58,657,000 after purchasing an additional 6,720 shares during the last quarter. Finally, Secure Asset Management LLC grew its position in shares of Amazon.com by 7.7% during the third quarter. Secure Asset Management LLC now owns 49,478 shares of the e-commerce giant's stock valued at $9,219,000 after purchasing an additional 3,521 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company's stock.

Insider Buying and Selling at Amazon.com

In other news, CFO Brian T. Olsavsky sold 14,600 shares of Amazon.com stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $180.00, for a total value of $2,628,000.00. Following the sale, the chief financial officer now owns 49,000 shares in the company, valued at $8,820,000. This trade represents a 22.96 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP David Zapolsky sold 2,190 shares of the company's stock in a transaction dated Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total transaction of $427,050.00. Following the transaction, the senior vice president now owns 62,420 shares of the company's stock, valued at approximately $12,171,900. This trade represents a 3.39 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 6,053,349 shares of company stock valued at $1,256,503,289. Company insiders own 10.80% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on AMZN shares. Needham & Company LLC raised their price target on Amazon.com from $210.00 to $250.00 and gave the company a "buy" rating in a report on Thursday. The Goldman Sachs Group boosted their price target on shares of Amazon.com from $230.00 to $240.00 and gave the stock a "buy" rating in a research report on Friday, November 1st. Truist Financial lifted their price objective on shares of Amazon.com from $265.00 to $270.00 and gave the stock a "buy" rating in a research note on Friday, November 1st. Deutsche Bank Aktiengesellschaft upped their target price on shares of Amazon.com from $225.00 to $232.00 and gave the company a "buy" rating in a research report on Friday, November 1st. Finally, JMP Securities lifted their price target on Amazon.com from $265.00 to $285.00 and gave the stock a "market outperform" rating in a research report on Friday, November 1st. Two research analysts have rated the stock with a hold rating, forty have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $235.45.

Amazon.com Stock Performance

Shares of NASDAQ:AMZN traded down $0.91 during trading on Monday, hitting $201.70. 35,113,516 shares of the stock traded hands, compared to its average volume of 41,602,008. The company has a fifty day moving average price of $191.16 and a two-hundred day moving average price of $185.81. Amazon.com, Inc. has a 52-week low of $141.50 and a 52-week high of $215.90. The company has a market cap of $2.12 trillion, a price-to-earnings ratio of 43.63, a P/E/G ratio of 1.36 and a beta of 1.14. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.21.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.14 by $0.29. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The business had revenue of $158.88 billion for the quarter, compared to analyst estimates of $157.28 billion. During the same period in the prior year, the company posted $0.85 EPS. The company's revenue for the quarter was up 11.0% on a year-over-year basis. As a group, equities analysts predict that Amazon.com, Inc. will post 5.27 EPS for the current year.

About Amazon.com

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.