Bangor Savings Bank Has $3.67 Million Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Bangor Savings Bank cut its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 4.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 24,123 shares of the e-commerce giant’s stock after selling 1,172 shares during the period. Amazon.com accounts for 0.4% of Bangor Savings Bank’s portfolio, making the stock its 29th largest holding. Bangor Savings Bank’s holdings in Amazon.com were worth $3,665,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of AMZN. State Street Corp boosted its holdings in shares of Amazon.com by 1,869.1% during the 2nd quarter. State Street Corp now owns 326,727,487 shares of the e-commerce giant’s stock worth $34,701,726,000 after buying an additional 310,134,486 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in shares of Amazon.com by 1,838.8% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 311,971,394 shares of the e-commerce giant’s stock worth $33,134,481,000 after buying an additional 295,880,050 shares during the period. FMR LLC boosted its holdings in shares of Amazon.com by 1,792.4% during the 2nd quarter. FMR LLC now owns 286,047,356 shares of the e-commerce giant’s stock worth $30,381,089,000 after buying an additional 270,931,640 shares during the period. Moneta Group Investment Advisors LLC boosted its holdings in shares of Amazon.com by 120,235.9% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 116,480,298 shares of the e-commerce giant’s stock worth $9,784,345,000 after buying an additional 116,383,502 shares during the period. Finally, Norges Bank bought a new stake in shares of Amazon.com during the 4th quarter worth about $8,263,591,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Telsey Advisory Group reaffirmed an “outperform” rating and set a $200.00 target price on shares of Amazon.com in a report on Wednesday, March 27th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Amazon.com from $175.00 to $200.00 and gave the company a “buy” rating in a report on Friday, February 2nd. Roth Mkm boosted their price objective on shares of Amazon.com from $180.00 to $205.00 and gave the company a “buy” rating in a report on Friday, February 2nd. Benchmark boosted their price objective on shares of Amazon.com from $175.00 to $200.00 and gave the company a “buy” rating in a report on Friday, February 2nd. Finally, Susquehanna boosted their price objective on shares of Amazon.com from $185.00 to $220.00 and gave the company a “positive” rating in a report on Friday, February 2nd. One investment analyst has rated the stock with a hold rating, forty-three have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $198.09.

Check Out Our Latest Report on Amazon.com

Amazon.com Trading Up 0.3 %

Shares of NASDAQ AMZN opened at $180.97 on Tuesday. The firm has a 50 day moving average price of $171.33 and a two-hundred day moving average price of $151.85. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.84 and a current ratio of 1.05. Amazon.com, Inc. has a 52-week low of $97.71 and a 52-week high of $183.00. The stock has a market cap of $1.88 trillion, a P/E ratio of 62.40, a price-to-earnings-growth ratio of 1.57 and a beta of 1.17.

Amazon.com (NASDAQ:AMZNGet Free Report) last posted its quarterly earnings data on Thursday, February 1st. The e-commerce giant reported $1.00 EPS for the quarter, beating analysts’ consensus estimates of $0.81 by $0.19. Amazon.com had a net margin of 5.29% and a return on equity of 16.61%. The company had revenue of $169.96 billion for the quarter, compared to analyst estimates of $165.96 billion. During the same period in the prior year, the firm posted $0.21 EPS. The company’s quarterly revenue was up 13.9% on a year-over-year basis. As a group, equities analysts forecast that Amazon.com, Inc. will post 4.08 EPS for the current year.

Insider Buying and Selling

In related news, CEO Adam Selipsky sold 500 shares of the stock in a transaction on Thursday, January 4th. The shares were sold at an average price of $145.63, for a total transaction of $72,815.00. Following the transaction, the chief executive officer now directly owns 118,560 shares of the company’s stock, valued at $17,265,892.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction on Thursday, January 4th. The shares were sold at an average price of $145.63, for a total value of $72,815.00. Following the transaction, the chief executive officer now directly owns 118,560 shares of the company’s stock, valued at $17,265,892.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jeffrey P. Bezos sold 5,998,849 shares of the firm’s stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $170.16, for a total transaction of $1,020,764,145.84. Following the completion of the transaction, the insider now directly owns 982,252,968 shares in the company, valued at $167,140,165,034.88. The disclosure for this sale can be found here. Insiders have sold a total of 32,210,510 shares of company stock valued at $5,505,223,106 over the last ninety days. 12.70% of the stock is owned by corporate insiders.

Amazon.com Profile

(Free Report)

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.

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

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