Bath Savings Trust Co Sells 2,224 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Bath Savings Trust Co reduced its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 2.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 88,167 shares of the e-commerce giant's stock after selling 2,224 shares during the quarter. Amazon.com accounts for 1.7% of Bath Savings Trust Co's investment portfolio, making the stock its 20th biggest holding. Bath Savings Trust Co's holdings in Amazon.com were worth $16,775,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. Sage Capital Advisors llc lifted its position in shares of Amazon.com by 3.3% in the first quarter. Sage Capital Advisors llc now owns 73,849 shares of the e-commerce giant's stock worth $14,051,000 after purchasing an additional 2,386 shares in the last quarter. Moody National Bank Trust Division lifted its position in Amazon.com by 1.1% in the 1st quarter. Moody National Bank Trust Division now owns 103,818 shares of the e-commerce giant's stock worth $19,752,000 after buying an additional 1,100 shares in the last quarter. Agate Pass Investment Management LLC boosted its stake in shares of Amazon.com by 41.1% during the 1st quarter. Agate Pass Investment Management LLC now owns 7,305 shares of the e-commerce giant's stock valued at $1,390,000 after buying an additional 2,127 shares during the period. Baring Financial LLC grew its holdings in shares of Amazon.com by 3.2% during the 1st quarter. Baring Financial LLC now owns 4,554 shares of the e-commerce giant's stock valued at $866,000 after acquiring an additional 142 shares in the last quarter. Finally, Versant Capital Management Inc grew its holdings in shares of Amazon.com by 67.5% during the 1st quarter. Versant Capital Management Inc now owns 20,599 shares of the e-commerce giant's stock valued at $3,919,000 after acquiring an additional 8,298 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company's stock.

Analyst Ratings Changes

Several brokerages recently issued reports on AMZN. Stifel Nicolaus cut their price objective on Amazon.com from $248.00 to $245.00 and set a "buy" rating for the company in a report on Friday, May 2nd. Bank of America raised their price target on Amazon.com from $230.00 to $248.00 and gave the stock a "buy" rating in a research note on Monday, June 2nd. Scotiabank lowered their price target on Amazon.com from $306.00 to $250.00 and set a "sector outperform" rating for the company in a research note on Monday, April 21st. Morgan Stanley dropped their price objective on Amazon.com from $280.00 to $245.00 and set an "overweight" rating on the stock in a report on Monday, April 14th. Finally, Citigroup reaffirmed a "buy" rating on shares of Amazon.com in a research report on Monday, June 2nd. Four analysts have rated the stock with a hold rating and forty-four have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $244.89.

Insider Activity at Amazon.com

In related news, CEO Douglas J. Herrington sold 2,500 shares of Amazon.com stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $187.99, for a total value of $469,975.00. Following the completion of the transaction, the chief executive officer now directly owns 509,474 shares of the company's stock, valued at $95,776,017.26. The trade was a 0.49% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Keith Brian Alexander sold 1,000 shares of the stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $210.68, for a total transaction of $210,680.00. Following the sale, the director now directly owns 5,465 shares in the company, valued at $1,151,366.20. This trade represents a 15.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 102,037 shares of company stock valued at $20,531,075 in the last ninety days. Insiders own 9.70% of the company's stock.

Amazon.com Price Performance

Shares of NASDAQ:AMZN traded up $0.63 during midday trading on Tuesday, reaching $217.61. 31,226,326 shares of the company's stock were exchanged, compared to its average volume of 45,016,777. The firm has a market capitalization of $2.31 trillion, a PE ratio of 39.35, a price-to-earnings-growth ratio of 1.50 and a beta of 1.33. The company's 50 day simple moving average is $192.26 and its two-hundred day simple moving average is $208.96. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 month high of $242.52. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.06.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share for the quarter, beating analysts' consensus estimates of $1.38 by $0.21. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. The company had revenue of $155.67 billion for the quarter, compared to the consensus estimate of $154.96 billion. During the same period in the previous year, the business earned $0.98 earnings per share. The company's quarterly revenue was up 8.6% on a year-over-year basis. Equities research analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal 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.