Bar Harbor Wealth Management Sells 3,081 Shares of Amazon.com, Inc. $AMZN

Bar Harbor Wealth Management reduced its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 3.9% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 76,423 shares of the e-commerce giant’s stock after selling 3,081 shares during the quarter. Amazon.com makes up approximately 1.1% of Bar Harbor Wealth Management’s investment portfolio, making the stock its 24th biggest position. Bar Harbor Wealth Management’s holdings in Amazon.com were worth $16,766,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the stock. Carderock Capital Management Inc. bought a new stake in Amazon.com during the second quarter valued at about $27,000. Cooksen Wealth LLC bought a new stake in Amazon.com during the first quarter valued at about $36,000. Inlight Wealth Management LLC bought a new stake in Amazon.com during the first quarter valued at about $40,000. Capitol Family Office Inc. bought a new stake in Amazon.com during the first quarter valued at about $42,000. Finally, Maryland Capital Advisors Inc. raised its holdings in Amazon.com by 81.9% during the second quarter. Maryland Capital Advisors Inc. now owns 211 shares of the e-commerce giant’s stock valued at $46,000 after acquiring an additional 95 shares during the period. 72.20% of the stock is owned by institutional investors.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, CEO Andrew R. Jassy sold 19,872 shares of the business’s stock in a transaction that occurred on Thursday, August 21st. The stock was 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 owned 2,178,502 shares in the company, valued at $482,712,473.16. The trade was a 0.90% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Brian T. Olsavsky sold 17,750 shares of the business’s stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $222.74, for a total value of $3,953,635.00. Following the transaction, the chief financial officer owned 49,000 shares of the company’s stock, valued at $10,914,260. This trade represents a 26.59% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 97,911 shares of company stock valued at $21,765,202. 10.80% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms have commented on AMZN. Deutsche Bank Aktiengesellschaft raised their price target on Amazon.com from $230.00 to $266.00 in a report on Tuesday, July 22nd. UBS Group reaffirmed a “buy” rating and issued a $271.00 target price on shares of Amazon.com in a report on Wednesday, October 22nd. Cantor Fitzgerald lifted their target price on Amazon.com from $260.00 to $280.00 and gave the stock an “overweight” rating in a report on Friday, August 1st. Monness Crespi & Hardt lifted their target price on Amazon.com from $265.00 to $275.00 and gave the stock a “buy” rating in a report on Friday, August 1st. Finally, Pivotal Research lifted their target price on Amazon.com from $260.00 to $285.00 and gave the stock a “buy” rating in a report on Friday, August 1st. Four analysts have rated the stock with a Strong Buy rating, forty-eight have issued a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $268.38.

Amazon.com Trading Up 1.2%

AMZN opened at $226.97 on Tuesday. Amazon.com, Inc. has a 12 month low of $161.38 and a 12 month high of $242.52. The stock has a 50-day moving average of $225.01 and a 200 day moving average of $214.69. The firm has a market cap of $2.42 trillion, a P/E ratio of 34.60, a P/E/G ratio of 1.48 and a beta of 1.28. The company has a current ratio of 1.02, a quick ratio of 0.81 and a debt-to-equity ratio of 0.15.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.31 by $0.37. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%.The business had revenue of $167.70 billion during the quarter, compared to analyst estimates of $161.80 billion. During the same quarter in the previous year, the business earned $1.26 earnings per share. The company’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. As a group, research analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current year.

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.