Bangor Savings Bank Has $4.81 Million Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Bangor Savings Bank lessened its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 21,909 shares of the e-commerce giant’s stock after selling 188 shares during the quarter. Amazon.com makes up about 0.5% of Bangor Savings Bank’s investment portfolio, making the stock its 25th largest position. Bangor Savings Bank’s holdings in Amazon.com were worth $4,807,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Helios Capital Management PTE. Ltd. grew its stake in shares of Amazon.com by 15.1% during the second quarter. Helios Capital Management PTE. Ltd. now owns 40,500 shares of the e-commerce giant’s stock worth $7,827,000 after purchasing an additional 5,300 shares during the period. Tower View Wealth Management LLC grew its position in shares of Amazon.com by 10.8% during the 2nd quarter. Tower View Wealth Management LLC now owns 27,854 shares of the e-commerce giant’s stock worth $5,383,000 after buying an additional 2,717 shares during the period. HB Wealth Management LLC increased its stake in shares of Amazon.com by 21.6% in the 2nd quarter. HB Wealth Management LLC now owns 353,290 shares of the e-commerce giant’s stock valued at $68,273,000 after acquiring an additional 62,867 shares during the last quarter. Westchester Capital Management Inc. raised its position in shares of Amazon.com by 1.1% in the 2nd quarter. Westchester Capital Management Inc. now owns 36,124 shares of the e-commerce giant’s stock valued at $6,981,000 after acquiring an additional 405 shares during the period. Finally, Whittier Trust Co. boosted its stake in Amazon.com by 2.8% during the 2nd quarter. Whittier Trust Co. now owns 1,037,779 shares of the e-commerce giant’s stock worth $200,550,000 after acquiring an additional 27,789 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have issued reports on AMZN. Wolfe Research boosted their target price on Amazon.com from $250.00 to $270.00 and gave the company an “outperform” rating in a research note on Friday, January 3rd. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Amazon.com from $225.00 to $232.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Jefferies Financial Group increased their price target on Amazon.com from $235.00 to $275.00 and gave the company a “buy” rating in a research report on Monday, December 16th. Wells Fargo & Company raised their target price on shares of Amazon.com from $197.00 to $212.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 14th. Finally, Piper Sandler boosted their target price on shares of Amazon.com from $215.00 to $225.00 and gave the stock an “overweight” rating in a report on Friday, November 1st. Two investment analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Amazon.com has an average rating of “Moderate Buy” and an average price target of $245.65.

Insider Activity at Amazon.com

In other news, Director Daniel P. Huttenlocher sold 1,237 shares of the company’s stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $199.06, for a total value of $246,237.22. Following the completion of the transaction, the director now owns 24,912 shares of the company’s stock, valued at $4,958,982.72. This represents a 4.73 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Douglas J. Herrington sold 5,502 shares of Amazon.com stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $205.81, for a total transaction of $1,132,366.62. Following the sale, the chief executive officer now owns 518,911 shares in the company, valued at approximately $106,797,072.91. This represents a 1.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 6,032,344 shares of company stock valued at $1,253,456,822 in the last quarter. Insiders own 10.80% of the company’s stock.

Amazon.com Price Performance

Amazon.com stock opened at $225.94 on Monday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09. Amazon.com, Inc. has a 52 week low of $151.61 and a 52 week high of $233.00. The stock has a market capitalization of $2.38 trillion, a P/E ratio of 48.38, a price-to-earnings-growth ratio of 1.22 and a beta of 1.14. The stock has a fifty day moving average of $217.91 and a 200-day moving average of $196.28.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, topping the consensus estimate of $1.14 by $0.29. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The firm had revenue of $158.88 billion during the quarter, compared to the consensus estimate of $157.28 billion. During the same quarter in the previous year, the firm earned $0.85 earnings per share. The business’s quarterly revenue was up 11.0% on a year-over-year basis. On average, sell-side analysts expect that Amazon.com, Inc. will post 5.38 earnings per share for the current fiscal year.

Amazon.com Company Profile

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.