Bar Harbor Trust Services reduced its equity position by Amazon.com, Inc. (NASDAQ: AMZN) by 11.7% in the 1st quarter, HoldingsChannel reports. The fund held 872 shares of the e-commerce giant after selling 116 shares during the period. Bar Harbor Trust Services’ holdings on Amazon.com were worth $2,843,000 when it last filed with the SEC.

Several other hedge funds and other institutional investors have also recently increased or reduced their stakes in the company. Stuart Chaussee & Associates Inc. purchased a new stake in Amazon.com during the fourth quarter for $27,000. Econ Financial Services Corp bought a new stake in Amazon.com during the fourth quarter worth $33,000. Gibson Wealth Advisors LLC purchased a new stake in Amazon.com during the fourth quarter for $33,000. Leverty Financial Group LLC purchased a new stake in Amazon.com during the fourth quarter for $36,000. Finally, MBM Wealth Consultants LLC increased its position in Amazon.com by 57.1% in the fourth quarter. MBM Wealth Consultants LLC now owns 11 shares of the e-commerce giant worth $37,000 after buying 4 more shares in the last quarter. Hedge funds and other institutional investors own 72.51% of the company’s shares.

Separately, CEO Andrew R. Jassy sold 1,181 shares in a trade dated Monday, May 16. The stock was sold at an average price of $2,262.00, for a total transaction of $2,671,422.00. Following the completion of the sale, the CEO now directly owns 92,781 shares of the company, valued at approximately $209,870,622. The sale was disclosed in a document filed with the Securities & Exchange Commission, available at this hyperlink. Also, CEO David H. Clark sold 2,270 shares in a transaction dated Monday, May 23. The shares were sold at an average price of $2,169.22, for a total value of $4,924,129.40. Following the sale, the CEO now owns 6,695 shares of the company, valued at $14,522,927.90. Disclosure of this sale can be found here. Insiders sold a total of 4,803 shares of the company worth $10,528,337 in the past 90 days. 12.70% of the shares are currently held by insiders of the company.

Shares of Amazon.com Stock opened at $106.21 on Friday. The company has a current ratio of 0.96, a quick ratio of 0.71 and a debt ratio of 0.35. The company has a market cap of $1.08 trillion, a PE ratio of 51.27, a price-to-earnings growth ratio of 3.56, and a beta of 1.23. The company’s 50-day moving average price is $115.81 and its 200-day moving average price is $142.81. Amazon.com, Inc. has a 12-month low of $101.26 and a 12-month high of $188.65.

Amazon.com (NASDAQ: AMZNGet a rating) last reported quarterly earnings data on Thursday, April 28. The e-commerce giant reported EPS of $0.21 for the quarter, missing the consensus estimate of $0.44 per ($0.23). The company posted revenue of $116.44 billion for the quarter, versus a consensus estimate of $116.52 billion. Amazon.com had a net margin of 4.48% and a return on equity of 21.60%. Amazon.com’s revenue for the quarter increased 7.3% compared to the same quarter last year. In the same quarter last year, the company posted earnings per share of $0.79. As a group, analysts predict Amazon.com, Inc. will post 1.22 earnings per share for the current fiscal year.

Several research analysts have weighed in on AMZN shares. StockNews.com downgraded Amazon.com from a “hold” rating to a “sell” rating in a Wednesday, June 15 research report. Credit Suisse Group reduced its price target on Amazon.com from $205.00 to $185.00 in a Friday, April 29 research report. Redburn Partners began covering Amazon.com in a research report on Wednesday. They issued a “buy” rating and a price target of $270.00 on the stock. Evercore ISI reduced its price target on Amazon.com from $205.00 to $180.00 and set an “outperform” rating on the stock in a Friday, June 24 research report. Finally, Susquehanna Bancshares reduced its price target on Amazon.com from $250.00 to $190.00 in a Friday, April 29 research report. Three equity research analysts gave the stock a sell rating, one gave the stock a hold rating and thirty-eight gave the stock a buy rating. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $185.79.

About Amazon.com (Get a rating)

Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The Company operates through three segments: North America, International and Amazon Web Services (AWS). It sells merchandise and content purchased for resale from third-party sellers through physical and online stores.

Further reading

Want to see what other hedge funds hold AMZN? Visit HoldingsChannel.com to get the latest 13F filings and insider transactions for Amazon.com, Inc. (NASDAQ: AMZNGet a rating).

Institutional ownership by quarter for Amazon.com (NASDAQ:AMZN)



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