Amazon.com, Inc. (NASDAQ:AMZN) Holdings Cut by First Bancorp Inc ME

First Bancorp Inc ME lowered its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 8.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,047 shares of the e-commerce giant’s stock after selling 1,060 shares during the period. Amazon.com comprises about 1.3% of First Bancorp Inc ME’s investment portfolio, making the stock its 14th biggest holding. First Bancorp Inc ME’s holdings in Amazon.com were worth $1,678,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in AMZN. Kavar Capital Partners Group LLC grew its position in Amazon.com by 7.6% in the first quarter. Kavar Capital Partners Group LLC now owns 1,121 shares of the e-commerce giant’s stock worth $3,654,000 after buying an additional 79 shares during the last quarter. IFM Investors Pty Ltd grew its position in Amazon.com by 21.8% during the 1st quarter. IFM Investors Pty Ltd now owns 72,911 shares of the e-commerce giant’s stock worth $237,686,000 after purchasing an additional 13,060 shares in the last quarter. Ironwood Wealth Management LLC. grew its position in Amazon.com by 0.8% during the 1st quarter. Ironwood Wealth Management LLC. now owns 1,810 shares of the e-commerce giant’s stock worth $5,901,000 after purchasing an additional 15 shares in the last quarter. Markel Corp grew its position in Amazon.com by 0.6% during the 1st quarter. Markel Corp now owns 99,068 shares of the e-commerce giant’s stock worth $322,956,000 after purchasing an additional 550 shares in the last quarter. Finally, Leelyn Smith LLC grew its position in Amazon.com by 24.8% during the 1st quarter. Leelyn Smith LLC now owns 2,721 shares of the e-commerce giant’s stock worth $8,870,000 after purchasing an additional 540 shares in the last quarter. Institutional investors own 72.20% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Monness Crespi & Hardt boosted their price target on shares of Amazon.com from $170.00 to $215.00 and gave the company a “buy” rating in a report on Friday, February 2nd. Canaccord Genuity Group boosted their price target on shares of Amazon.com from $185.00 to $200.00 and gave the company a “buy” rating in a report on Friday, February 2nd. Royal Bank of Canada lifted their price objective on shares of Amazon.com from $180.00 to $215.00 and gave the company an “outperform” rating in a research note on Friday, February 2nd. Wedbush reaffirmed an “outperform” rating and issued a $220.00 price objective on shares of Amazon.com in a research note on Wednesday, April 10th. Finally, Mizuho lifted their price objective on shares of Amazon.com from $220.00 to $230.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. One research analyst has rated the stock with a hold rating, forty-four have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $202.80.

Insider Transactions at Amazon.com

In other news, CEO Adam Selipsky sold 500 shares of the stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $155.72, for a total transaction of $77,860.00. Following the completion of the sale, the chief executive officer now owns 116,560 shares of the company’s stock, valued at $18,150,723.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CEO Andrew R. Jassy sold 50,000 shares of the firm’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $168.65, for a total value of $8,432,500.00. Following the completion of the transaction, the chief executive officer now owns 2,014,055 shares of the company’s stock, valued at $339,670,375.75. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $155.72, for a total transaction of $77,860.00. Following the completion of the transaction, the chief executive officer now directly owns 116,560 shares of the company’s stock, valued at approximately $18,150,723.20. The disclosure for this sale can be found here. Insiders sold 32,213,510 shares of company stock valued at $5,505,798,456 over the last quarter. Corporate insiders own 12.30% of the company’s stock.

Amazon.com Trading Down 2.6 %

AMZN opened at $174.63 on Friday. The firm’s fifty day moving average is $177.28 and its two-hundred day moving average is $156.83. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.84 and a current ratio of 1.05. The firm has a market cap of $1.82 trillion, a PE ratio of 60.22, a price-to-earnings-growth ratio of 1.57 and a beta of 1.16. Amazon.com, Inc. has a twelve month low of $101.15 and a twelve month high of $189.77.

Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, February 1st. The e-commerce giant reported $1.00 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.19. The company had revenue of $169.96 billion for the quarter, compared to analyst estimates of $165.96 billion. Amazon.com had a net margin of 5.29% and a return on equity of 16.61%. The business’s revenue for the quarter was up 13.9% compared to the same quarter last year. During the same period last year, the business posted $0.21 earnings per share. Equities research analysts anticipate that Amazon.com, Inc. will post 4.1 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.