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: AMZN – Get 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.
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