First Bancorp Inc ME Has $1.98 Million Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

First Bancorp Inc ME cut its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,961 shares of the e-commerce giant’s stock after selling 86 shares during the period. Amazon.com accounts for 1.5% of First Bancorp Inc ME’s holdings, making the stock its 14th largest position. First Bancorp Inc ME’s holdings in Amazon.com were worth $1,977,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Norges Bank acquired a new stake in Amazon.com during the 4th quarter worth approximately $17,700,551,000. Vanguard Group Inc. lifted its holdings in shares of Amazon.com by 4.4% during the third quarter. Vanguard Group Inc. now owns 757,951,795 shares of the e-commerce giant’s stock worth $96,350,832,000 after buying an additional 32,038,029 shares in the last quarter. International Assets Investment Management LLC grew its stake in shares of Amazon.com by 16,029.3% in the fourth quarter. International Assets Investment Management LLC now owns 23,865,216 shares of the e-commerce giant’s stock valued at $36,260,810,000 after acquiring an additional 23,717,254 shares in the last quarter. FMR LLC increased its position in Amazon.com by 7.7% during the third quarter. FMR LLC now owns 302,101,441 shares of the e-commerce giant’s stock worth $38,403,135,000 after acquiring an additional 21,649,871 shares during the period. Finally, Global Assets Advisory LLC raised its stake in Amazon.com by 30,350.2% in the 1st quarter. Global Assets Advisory LLC now owns 6,531,569 shares of the e-commerce giant’s stock worth $1,178,164,000 after purchasing an additional 6,510,119 shares in the last quarter. Institutional investors own 72.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on AMZN shares. Morgan Stanley increased their target price on shares of Amazon.com from $215.00 to $220.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 1st. Benchmark restated a “buy” rating and set a $200.00 price objective on shares of Amazon.com in a research note on Wednesday, May 1st. Piper Sandler upped their target price on Amazon.com from $205.00 to $220.00 and gave the company an “overweight” rating in a research report on Wednesday, May 1st. Roth Mkm restated a “buy” rating and issued a $210.00 price target (up previously from $205.00) on shares of Amazon.com in a research report on Wednesday, May 1st. Finally, Mizuho upped their price objective on shares of Amazon.com from $230.00 to $240.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1st. One research analyst has rated the stock with a hold rating, forty-three have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $215.86.

Insider Transactions at Amazon.com

In related news, VP Shelley Reynolds sold 2,700 shares of the business’s stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $181.39, for a total value of $489,753.00. Following the completion of the sale, the vice president now directly owns 119,780 shares of the company’s stock, valued at approximately $21,726,894.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Amazon.com news, VP Shelley Reynolds sold 2,700 shares of the business’s stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $181.39, for a total transaction of $489,753.00. Following the completion of the sale, the vice president now owns 119,780 shares in the company, valued at approximately $21,726,894.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Keith Brian Alexander sold 1,000 shares of the firm’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $186.22, for a total transaction of $186,220.00. Following the completion of the transaction, the director now directly owns 4,760 shares in the company, valued at $886,407.20. The disclosure for this sale can be found here. Insiders have sold 65,338 shares of company stock valued at $11,894,344 in the last 90 days. 10.80% of the stock is currently owned by corporate insiders.

Amazon.com Trading Down 2.3 %

Shares of AMZN stock opened at $193.25 on Friday. The company has a market cap of $2.01 trillion, a P/E ratio of 54.13, a PEG ratio of 1.42 and a beta of 1.14. Amazon.com, Inc. has a fifty-two week low of $118.35 and a fifty-two week high of $199.84. The stock has a 50 day simple moving average of $183.87 and a two-hundred day simple moving average of $173.11. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.87 and a current ratio of 1.07.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.83 by $0.15. The company had revenue of $143.31 billion for the quarter, compared to the consensus estimate of $142.65 billion. Amazon.com had a net margin of 6.38% and a return on equity of 19.86%. Amazon.com’s quarterly revenue was up 12.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.31 EPS. Research analysts forecast that Amazon.com, Inc. will post 4.72 earnings per share 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.