Bar Harbor Wealth Management Has $18.30 Million Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Bar Harbor Wealth Management trimmed its position in Amazon.com, Inc. (NASDAQ:AMZN) by 0.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 83,418 shares of the e-commerce giant’s stock after selling 526 shares during the quarter. Amazon.com comprises approximately 1.2% of Bar Harbor Wealth Management’s holdings, making the stock its 21st largest position. Bar Harbor Wealth Management’s holdings in Amazon.com were worth $18,301,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of AMZN. First National Bank Sioux Falls lifted its position in shares of Amazon.com by 904.8% during the 4th quarter. First National Bank Sioux Falls now owns 18,690 shares of the e-commerce giant’s stock worth $4,100,000 after purchasing an additional 16,830 shares during the last quarter. Persium Advisors LLC bought a new position in Amazon.com in the 4th quarter worth approximately $793,000. Claro Advisors LLC lifted its holdings in shares of Amazon.com by 1.8% during the fourth quarter. Claro Advisors LLC now owns 77,097 shares of the e-commerce giant’s stock worth $16,914,000 after buying an additional 1,331 shares during the last quarter. Abound Wealth Management boosted its position in shares of Amazon.com by 4.5% in the fourth quarter. Abound Wealth Management now owns 9,618 shares of the e-commerce giant’s stock valued at $2,110,000 after acquiring an additional 414 shares during the period. Finally, Sivia Capital Partners LLC grew its stake in shares of Amazon.com by 2.4% in the fourth quarter. Sivia Capital Partners LLC now owns 34,813 shares of the e-commerce giant’s stock worth $7,638,000 after acquiring an additional 827 shares during the last quarter. 72.20% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

AMZN has been the subject of a number of research reports. JMP Securities reissued a “market outperform” rating and issued a $285.00 price target on shares of Amazon.com in a report on Friday, January 10th. Bank of America increased their target price on shares of Amazon.com from $210.00 to $230.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Benchmark boosted their price target on Amazon.com from $200.00 to $215.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Stifel Nicolaus raised their price objective on Amazon.com from $224.00 to $245.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Finally, Wedbush boosted their price objective on Amazon.com from $250.00 to $260.00 and gave the company an “outperform” rating in a research report on Monday, January 6th. Two equities research analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Amazon.com has a consensus rating of “Moderate Buy” and an average target price of $247.72.

Amazon.com Price Performance

Shares of AMZN stock opened at $235.42 on Friday. The firm has a market cap of $2.48 trillion, a price-to-earnings ratio of 50.41, a PEG ratio of 1.29 and a beta of 1.14. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 month high of $235.52. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.21. The stock has a 50-day moving average price of $219.15 and a 200 day moving average price of $196.95.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, topping analysts’ consensus estimates of $1.14 by $0.29. The firm had revenue of $158.88 billion during the quarter, compared to analyst estimates of $157.28 billion. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The business’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.85 EPS. Research analysts expect that Amazon.com, Inc. will post 5.39 EPS for the current year.

Insider Activity at Amazon.com

In other Amazon.com news, insider Jeffrey P. Bezos sold 2,996,362 shares of the stock in a transaction on Friday, November 8th. The shares were sold at an average price of $208.85, for a total value of $625,790,203.70. Following the sale, the insider now directly owns 917,416,976 shares in the company, valued at approximately $191,602,535,437.60. This trade represents a 0.33 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Jonathan Rubinstein sold 4,351 shares of the business’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $229.85, for a total transaction of $1,000,077.35. Following the completion of the transaction, the director now directly owns 88,203 shares of the company’s stock, valued at $20,273,459.55. This trade represents a 4.70 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 6,032,344 shares of company stock worth $1,253,456,822. 10.80% of the stock is owned by insiders.

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.