Amazon.com, Inc. (NASDAQ:AMZN) Holdings Raised by Penobscot Investment Management Company Inc.

Penobscot Investment Management Company Inc. lifted its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.9% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 103,989 shares of the e-commerce giant’s stock after acquiring an additional 911 shares during the period. Amazon.com makes up approximately 1.9% of Penobscot Investment Management Company Inc.’s investment portfolio, making the stock its 10th largest holding. Penobscot Investment Management Company Inc.’s holdings in Amazon.com were worth $19,785,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of AMZN. Flavin Financial Services Inc. boosted its position in Amazon.com by 10.2% in the first quarter. Flavin Financial Services Inc. now owns 4,408 shares of the e-commerce giant’s stock valued at $839,000 after buying an additional 408 shares during the last quarter. Sabal Trust CO boosted its position in Amazon.com by 5.4% in the first quarter. Sabal Trust CO now owns 48,971 shares of the e-commerce giant’s stock valued at $9,317,000 after buying an additional 2,490 shares during the last quarter. Western Wealth Management LLC boosted its position in Amazon.com by 0.9% in the first quarter. Western Wealth Management LLC now owns 140,122 shares of the e-commerce giant’s stock valued at $26,660,000 after buying an additional 1,297 shares during the last quarter. Creative Financial Designs Inc. ADV boosted its position in Amazon.com by 8.2% in the first quarter. Creative Financial Designs Inc. ADV now owns 101,108 shares of the e-commerce giant’s stock valued at $19,237,000 after buying an additional 7,653 shares during the last quarter. Finally, Nova R Wealth Inc. boosted its position in Amazon.com by 1.4% in the first quarter. Nova R Wealth Inc. now owns 18,640 shares of the e-commerce giant’s stock valued at $3,546,000 after buying an additional 258 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Insiders Place Their Bets

In other Amazon.com news, CEO Douglas J. Herrington sold 2,500 shares of the business’s stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $220.06, for a total value of $550,150.00. Following the completion of the sale, the chief executive officer owned 514,550 shares of the company’s stock, valued at $113,231,873. The trade was a 0.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jeffrey P. Bezos sold 733,195 shares of the business’s stock in a transaction dated Tuesday, July 15th. The stock was sold at an average price of $227.02, for a total value of $166,449,928.90. Following the completion of the sale, the insider directly owned 894,546,706 shares of the company’s stock, valued at $203,079,993,196.12. This represents a 0.08% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 14,335,232 shares of company stock valued at $3,210,622,570. Insiders own 9.70% of the company’s stock.

Amazon.com Stock Performance

Shares of AMZN stock opened at $226.13 on Friday. Amazon.com, Inc. has a 1-year low of $151.61 and a 1-year high of $242.52. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.17. The company has a market capitalization of $2.40 trillion, a price-to-earnings ratio of 36.83, a P/E/G ratio of 1.67 and a beta of 1.33. The stock’s fifty day simple moving average is $213.50 and its 200-day simple moving average is $208.67.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share for the quarter, beating analysts’ consensus estimates of $1.38 by $0.21. The business had revenue of $155.67 billion for the quarter, compared to the consensus estimate of $154.96 billion. Amazon.com had a return on equity of 24.14% and a net margin of 10.14%. Amazon.com’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.98 earnings per share. On average, sell-side analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on AMZN shares. Truist Financial upped their price objective on Amazon.com from $226.00 to $250.00 and gave the stock a “buy” rating in a research report on Wednesday, July 2nd. Wall Street Zen downgraded Amazon.com from a “buy” rating to a “hold” rating in a research note on Monday, May 5th. Deutsche Bank Aktiengesellschaft reduced their target price on Amazon.com from $287.00 to $206.00 and set a “buy” rating for the company in a research note on Monday, April 14th. Cantor Fitzgerald increased their price objective on Amazon.com from $240.00 to $260.00 and gave the company an “overweight” rating in a research note on Wednesday. Finally, Needham & Company LLC reiterated a “buy” rating and set a $220.00 price target on shares of Amazon.com in a report on Friday, May 2nd. Three analysts have rated the stock with a hold rating, forty-five have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, Amazon.com currently has an average rating of “Moderate Buy” and a consensus target price of $250.35.

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.