Kennebec Savings Bank Makes New $2.52 Million Investment in Amazon.com, Inc. (NASDAQ:AMZN)

Kennebec Savings Bank purchased a new stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 13,541 shares of the e-commerce giant's stock, valued at approximately $2,523,000. Amazon.com comprises approximately 2.5% of Kennebec Savings Bank's investment portfolio, making the stock its 3rd largest holding.

Other institutional investors and hedge funds have also bought and sold shares of the company. Meridian Investment Counsel Inc. lifted its holdings in shares of Amazon.com by 1.8% during the second quarter. Meridian Investment Counsel Inc. now owns 3,076 shares of the e-commerce giant's stock valued at $594,000 after purchasing an additional 55 shares in the last quarter. O Connor Financial Group LLC lifted its stake in Amazon.com by 2.2% during the 3rd quarter. O Connor Financial Group LLC now owns 2,536 shares of the e-commerce giant's stock valued at $473,000 after acquiring an additional 55 shares during the period. Cherrydale Wealth Management LLC boosted its holdings in shares of Amazon.com by 0.7% during the 3rd quarter. Cherrydale Wealth Management LLC now owns 7,492 shares of the e-commerce giant's stock valued at $1,396,000 after acquiring an additional 55 shares during the last quarter. Cedar Point Capital Partners LLC grew its stake in shares of Amazon.com by 4.4% in the third quarter. Cedar Point Capital Partners LLC now owns 1,324 shares of the e-commerce giant's stock worth $247,000 after acquiring an additional 56 shares during the period. Finally, Mason & Associates Inc raised its holdings in shares of Amazon.com by 0.4% during the second quarter. Mason & Associates Inc now owns 13,427 shares of the e-commerce giant's stock valued at $2,595,000 after purchasing an additional 57 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company's stock.

Insider Transactions at Amazon.com

In other Amazon.com news, Director Daniel P. Huttenlocher sold 1,237 shares of the firm's stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $199.06, for a total transaction of $246,237.22. Following the transaction, the director now directly owns 24,912 shares in the company, valued at $4,958,982.72. This trade represents a 4.73 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Jonathan Rubinstein sold 4,351 shares of the company's stock in a transaction on Monday, December 9th. The stock was sold at an average price of $229.85, for a total value of $1,000,077.35. Following the completion of the sale, the director now owns 88,203 shares of the company's stock, valued at $20,273,459.55. This represents a 4.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 6,034,534 shares of company stock worth $1,253,883,872. 10.80% of the stock is currently owned by insiders.

Analysts Set New Price Targets

AMZN has been the topic of several research analyst reports. UBS Group increased their price target on Amazon.com from $230.00 to $264.00 and gave the company a "buy" rating in a report on Monday, December 16th. Roth Mkm lifted their price objective on Amazon.com from $220.00 to $250.00 and gave the company a "buy" rating in a research report on Monday, December 9th. Piper Sandler raised their target price on shares of Amazon.com from $215.00 to $225.00 and gave the stock an "overweight" rating in a research note on Friday, November 1st. Tigress Financial upped their price target on shares of Amazon.com from $245.00 to $290.00 and gave the stock a "buy" rating in a research report on Friday. Finally, Pivotal Research started coverage on shares of Amazon.com in a research report on Friday, October 11th. They set a "buy" rating and a $260.00 price objective on the stock. Two research analysts have rated the stock with a hold rating, forty-one have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, Amazon.com has an average rating of "Moderate Buy" and a consensus price target of $243.00.

Amazon.com Trading Up 0.7 %

Amazon.com stock traded up $1.63 during midday trading on Friday, reaching $224.92. The stock had a trading volume of 87,060,734 shares, compared to its average volume of 41,415,395. 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 firm has a market cap of $2.37 trillion, a price-to-earnings ratio of 48.16, a price-to-earnings-growth ratio of 1.54 and a beta of 1.16. Amazon.com, Inc. has a 52-week low of $144.05 and a 52-week high of $233.00. The company has a fifty day moving average of $205.83 and a 200 day moving average of $191.38.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.14 by $0.29. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The firm had revenue of $158.88 billion for the quarter, compared to the consensus estimate of $157.28 billion. During the same period in the prior year, the business posted $0.85 earnings per share. The company's revenue for the quarter was up 11.0% on a year-over-year basis. On average, analysts anticipate that Amazon.com, Inc. will post 5.29 earnings per share for the current fiscal year.

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.