Penobscot Investment Management Company Inc. Has $22.61 Million Position in Amazon.com, Inc. (NASDAQ:AMZN)

Penobscot Investment Management Company Inc. increased its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 1.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 103,078 shares of the e-commerce giant's stock after purchasing an additional 1,628 shares during the quarter. Amazon.com accounts for 2.1% of Penobscot Investment Management Company Inc.'s holdings, making the stock its 8th biggest position. Penobscot Investment Management Company Inc.'s holdings in Amazon.com were worth $22,614,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in AMZN. Rench Wealth Management Inc. boosted its holdings in Amazon.com by 7.9% during the third quarter. Rench Wealth Management Inc. now owns 50,403 shares of the e-commerce giant's stock valued at $9,392,000 after acquiring an additional 3,703 shares during the period. Momentous Wealth Management Inc. bought a new stake in shares of Amazon.com during the fourth quarter valued at approximately $749,000. Segall Bryant & Hamill LLC raised its stake in shares of Amazon.com by 14.3% in the fourth quarter. Segall Bryant & Hamill LLC now owns 317,114 shares of the e-commerce giant's stock valued at $69,572,000 after purchasing an additional 39,696 shares in the last quarter. Blankinship & Foster LLC boosted its position in shares of Amazon.com by 216.4% during the 3rd quarter. Blankinship & Foster LLC now owns 6,930 shares of the e-commerce giant's stock valued at $1,291,000 after acquiring an additional 4,740 shares in the last quarter. Finally, One Wealth Capital Management LLC acquired a new stake in shares of Amazon.com during the 4th quarter worth about $4,270,000. 72.20% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Amazon.com

In other Amazon.com news, VP Shelley Reynolds sold 8,833 shares of the stock in a transaction on Friday, February 21st. The stock was sold at an average price of $222.47, for a total transaction of $1,965,077.51. Following the transaction, the vice president now owns 119,780 shares in the company, valued at $26,647,456.60. This trade represents a 6.87 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Douglas J. Herrington sold 2,500 shares of the business's stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $187.99, for a total transaction of $469,975.00. Following the completion of the sale, the chief executive officer now directly owns 509,474 shares of the company's stock, valued at approximately $95,776,017.26. The trade was a 0.49 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 104,798 shares of company stock worth $23,341,803. 10.80% of the stock is owned by insiders.

Amazon.com Stock Performance

NASDAQ:AMZN traded down $2.97 on Wednesday, hitting $184.42. The company's stock had a trading volume of 54,401,626 shares, compared to its average volume of 41,672,387. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $242.52. The firm has a market capitalization of $1.96 trillion, a P/E ratio of 33.35, a price-to-earnings-growth ratio of 1.50 and a beta of 1.39. The stock has a fifty day moving average of $191.39 and a two-hundred day moving average of $207.74. The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share for the quarter, beating analysts' consensus estimates of $1.52 by $0.34. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. Research analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have recently commented on AMZN shares. UBS Group decreased their price target on shares of Amazon.com from $272.00 to $253.00 and set a "buy" rating on the stock in a research note on Tuesday. Truist Financial dropped their target price on Amazon.com from $265.00 to $230.00 and set a "buy" rating for the company in a research report on Thursday, April 10th. Maxim Group raised their price target on Amazon.com from $260.00 to $280.00 and gave the company a "buy" rating in a report on Friday, February 7th. Wolfe Research boosted their price objective on Amazon.com from $250.00 to $270.00 and gave the stock an "outperform" rating in a report on Friday, January 3rd. Finally, Phillip Securities lowered shares of Amazon.com from a "strong-buy" rating to a "moderate buy" rating in a research note on Monday, February 10th. Two investment analysts have rated the stock with a hold rating and forty-five have issued a buy rating to the company. Based on data from MarketBeat.com, Amazon.com presently has an average rating of "Moderate Buy" and an average price target of $246.50.

About Amazon.com

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.