Kennebec Savings Bank Grows Stake in Amazon.com, Inc. $AMZN

Kennebec Savings Bank boosted its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 5.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,547 shares of the e-commerce giant’s stock after acquiring an additional 799 shares during the quarter. Amazon.com accounts for approximately 3.1% of Kennebec Savings Bank’s holdings, making the stock its 4th largest position. Kennebec Savings Bank’s holdings in Amazon.com were worth $3,191,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in AMZN. Carderock Capital Management Inc. purchased a new stake in Amazon.com during the 2nd quarter valued at $27,000. Cooksen Wealth LLC purchased a new stake in Amazon.com during the 1st quarter valued at $36,000. Inlight Wealth Management LLC purchased a new stake in Amazon.com during the 1st quarter valued at $40,000. Capitol Family Office Inc. purchased a new stake in Amazon.com during the 1st quarter valued at $42,000. Finally, Maryland Capital Advisors Inc. increased its stake in shares of Amazon.com by 81.9% in the 2nd quarter. Maryland Capital Advisors Inc. now owns 211 shares of the e-commerce giant’s stock worth $46,000 after purchasing an additional 95 shares in the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Amazon.com Stock Down 0.7%

AMZN opened at $213.04 on Friday. The company has a quick ratio of 0.81, a current ratio of 1.02 and a debt-to-equity ratio of 0.15. Amazon.com, Inc. has a 52 week low of $161.38 and a 52 week high of $242.52. The firm has a 50-day simple moving average of $225.66 and a two-hundred day simple moving average of $212.52. The company has a market capitalization of $2.27 trillion, a PE ratio of 32.48, a price-to-earnings-growth ratio of 1.42 and a beta of 1.28.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 EPS for the quarter, beating analysts’ consensus estimates of $1.31 by $0.37. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. The firm had revenue of $167.70 billion during the quarter, compared to the consensus estimate of $161.80 billion. During the same quarter last year, the firm earned $1.26 EPS. The firm’s revenue for the quarter was up 13.3% compared to the same quarter last year. Amazon.com has set its Q3 2025 guidance at EPS. Analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Insider Transactions at Amazon.com

In related news, SVP David Zapolsky sold 13,570 shares of the stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $222.76, for a total value of $3,022,853.20. Following the completion of the transaction, the senior vice president owned 44,110 shares of the company’s stock, valued at approximately $9,825,943.60. This trade represents a 23.53% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Andrew R. Jassy sold 19,872 shares of the stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $221.58, for a total transaction of $4,403,237.76. Following the completion of the transaction, the chief executive officer directly owned 2,178,502 shares of the company’s stock, valued at approximately $482,712,473.16. The trade was a 0.90% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 10,864,716 shares of company stock worth $2,486,013,854 in the last quarter. Company insiders own 9.70% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. HSBC upped their price objective on Amazon.com from $256.00 to $260.00 and gave the stock a “buy” rating in a research note on Monday, September 29th. Sanford C. Bernstein set a $235.00 price objective on Amazon.com and gave the stock an “outperform” rating in a research note on Tuesday, July 1st. Piper Sandler upped their price objective on Amazon.com from $250.00 to $255.00 and gave the stock an “overweight” rating in a research note on Friday, August 1st. Rosenblatt Securities upped their price objective on Amazon.com from $288.00 to $297.00 and gave the stock a “buy” rating in a research note on Friday, August 1st. Finally, Morgan Stanley restated an “overweight” rating on shares of Amazon.com in a research note on Wednesday, September 10th. Three equities research analysts have rated the stock with a Strong Buy rating, forty-seven have issued a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $266.26.

Amazon.com 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.