Rathbones Group PLC Has $1.20 Billion Stake in Amazon.com, Inc. $AMZN

Rathbones Group PLC lifted its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 3.0% in the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 5,455,298 shares of the e-commerce giant’s stock after purchasing an additional 160,402 shares during the quarter. Amazon.com comprises 5.2% of Rathbones Group PLC’s portfolio, making the stock its 3rd biggest holding. Rathbones Group PLC’s holdings in Amazon.com were worth $1,196,838,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. HC Advisors LLC lifted its position in Amazon.com by 3.5% in the second quarter. HC Advisors LLC now owns 1,506 shares of the e-commerce giant’s stock worth $330,000 after buying an additional 51 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in shares of Amazon.com by 7.6% in the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 19,227,796 shares of the e-commerce giant’s stock valued at $4,218,386,000 after acquiring an additional 1,354,618 shares during the period. Parkside Financial Bank & Trust raised its stake in shares of Amazon.com by 9.3% in the second quarter. Parkside Financial Bank & Trust now owns 67,164 shares of the e-commerce giant’s stock valued at $14,735,000 after acquiring an additional 5,724 shares during the period. Freemont Management S.A. lifted its holdings in shares of Amazon.com by 30.7% in the 2nd quarter. Freemont Management S.A. now owns 47,300 shares of the e-commerce giant’s stock worth $10,377,000 after acquiring an additional 11,100 shares during the last quarter. Finally, Keystone Financial Services boosted its stake in shares of Amazon.com by 15.5% during the 2nd quarter. Keystone Financial Services now owns 1,792 shares of the e-commerce giant’s stock worth $393,000 after purchasing an additional 241 shares during the period. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Insider Activity at Amazon.com

In other news, Director Jonathan Rubinstein sold 8,173 shares of Amazon.com stock in a transaction on Friday, October 31st. The stock was sold at an average price of $250.03, for a total value of $2,043,495.19. Following the transaction, the director directly owned 80,030 shares in the company, valued at approximately $20,009,900.90. This trade represents a 9.27% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed 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 completion of the transaction, the director directly owned 26,148 shares of the company’s stock, valued at approximately $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 quarter. 9.70% of the stock is owned by insiders.

Amazon.com Stock Performance

AMZN stock opened at $229.11 on Friday. Amazon.com, Inc. has a 1-year low of $161.38 and a 1-year high of $258.60. The business has a 50-day moving average price of $228.38 and a 200 day moving average price of $223.65. The company has a market capitalization of $2.45 trillion, a P/E ratio of 32.36, a PEG ratio of 1.60 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.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, October 30th. The e-commerce giant reported $1.95 earnings per share (EPS) for the quarter, topping 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 company had revenue of $180.17 billion for the quarter, compared to analysts’ expectations of $177.53 billion. During the same period in the prior year, the business earned $1.43 EPS. The firm’s quarterly revenue was up 13.4% on a year-over-year basis. As a group, equities research analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on AMZN. JMP Securities set a $300.00 price objective on shares of Amazon.com in a research report on Friday, October 31st. Robert W. Baird set a $285.00 price target on Amazon.com and gave the stock an “outperform” rating in a report on Friday, October 31st. CICC Research raised their price target on Amazon.com from $240.00 to $280.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 5th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $300.00 price objective on shares of Amazon.com in a research report on Friday, October 31st. Finally, BNP Paribas started coverage on Amazon.com in a research note on Monday, November 24th. They issued an “outperform” rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating, fifty-seven have issued a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $296.11.

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.