Bangor Savings Bank Buys 407 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Bangor Savings Bank raised its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.8% in the second quarter, according to its most recent filing with the SEC. The firm owned 22,485 shares of the e-commerce giant’s stock after purchasing an additional 407 shares during the quarter. Amazon.com makes up approximately 0.4% of Bangor Savings Bank’s investment portfolio, making the stock its 26th largest holding. Bangor Savings Bank’s holdings in Amazon.com were worth $4,345,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in Amazon.com by 1.9% during the first quarter. Vanguard Group Inc. now owns 785,811,114 shares of the e-commerce giant’s stock worth $141,744,609,000 after purchasing an additional 14,724,687 shares during the period. Norges Bank bought a new position in shares of Amazon.com during the 4th quarter worth approximately $17,700,551,000. Capital Research Global Investors grew its position in shares of Amazon.com by 8.5% during the 1st quarter. Capital Research Global Investors now owns 86,982,857 shares of the e-commerce giant’s stock worth $15,689,968,000 after buying an additional 6,810,145 shares during the period. Jennison Associates LLC increased its stake in shares of Amazon.com by 0.5% in the 1st quarter. Jennison Associates LLC now owns 56,666,183 shares of the e-commerce giant’s stock valued at $10,221,446,000 after acquiring an additional 295,132 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Amazon.com by 3.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 51,920,953 shares of the e-commerce giant’s stock valued at $7,888,870,000 after acquiring an additional 1,525,922 shares during the period. Institutional investors own 72.20% of the company’s stock.

Insider Activity at Amazon.com

In other Amazon.com news, insider Jeffrey P. Bezos sold 3,085,116 shares of the firm’s stock in a transaction dated Friday, July 5th. The stock was sold at an average price of $200.07, for a total value of $617,239,158.12. Following the completion of the transaction, the insider now owns 931,925,277 shares in the company, valued at approximately $186,450,290,169.39. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Amazon.com news, VP Shelley Reynolds sold 3,791 shares of the stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $181.04, for a total value of $686,322.64. Following the sale, the vice president now directly owns 121,461 shares in the company, valued at approximately $21,989,299.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jeffrey P. Bezos sold 3,085,116 shares of the business’s stock in a transaction on Friday, July 5th. The shares were sold at an average price of $200.07, for a total transaction of $617,239,158.12. Following the transaction, the insider now owns 931,925,277 shares of the company’s stock, valued at $186,450,290,169.39. The disclosure for this sale can be found here. In the last three months, insiders have sold 6,107,817 shares of company stock worth $1,221,241,837. 10.80% of the stock is owned by company insiders.

Amazon.com Stock Performance

NASDAQ AMZN opened at $173.12 on Wednesday. The firm has a market cap of $1.80 trillion, a P/E ratio of 48.49, a price-to-earnings-growth ratio of 1.32 and a beta of 1.15. The company has a quick ratio of 0.87, a current ratio of 1.07 and a debt-to-equity ratio of 0.27. The company’s 50 day moving average is $183.61 and its 200-day moving average is $181.09. Amazon.com, Inc. has a 12-month low of $118.35 and a 12-month high of $201.20.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share for the quarter, beating analysts’ consensus estimates of $1.05 by $0.18. The business had revenue of $147.98 billion during the quarter, compared to analyst estimates of $148.63 billion. Amazon.com had a net margin of 7.35% and a return on equity of 22.35%. Sell-side analysts predict that Amazon.com, Inc. will post 4.73 earnings per share for the current year.

Wall Street Analysts Forecast Growth

AMZN has been the subject of several research analyst reports. Needham & Company LLC lifted their price target on shares of Amazon.com from $205.00 to $210.00 and gave the company a “buy” rating in a research note on Wednesday, July 17th. Monness Crespi & Hardt upped their price target on Amazon.com from $215.00 to $225.00 and gave the stock a “buy” rating in a research note on Wednesday, May 1st. Roth Mkm raised their price objective on Amazon.com from $210.00 to $215.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. Itau BBA Securities lowered Amazon.com from an “outperform” rating to a “market perform” rating and set a $186.00 target price on the stock. in a research report on Friday, August 2nd. Finally, Mizuho lifted their price target on shares of Amazon.com from $230.00 to $240.00 and gave the company a “buy” rating in a research report on Wednesday, May 1st. One equities research analyst has rated the stock with a hold rating, forty have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Amazon.com presently has a consensus rating of “Buy” and a consensus target price of $221.36.

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.