Penobscot Investment Management Company Inc. Acquires 7,359 Shares of Amazon.com, Inc. $AMZN

Penobscot Investment Management Company Inc. increased its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 6.9% during the third quarter, Holdings Channel reports. The firm owned 113,773 shares of the e-commerce giant’s stock after purchasing an additional 7,359 shares during the period. Amazon.com makes up 1.9% of Penobscot Investment Management Company Inc.’s portfolio, making the stock its 8th largest holding. Penobscot Investment Management Company Inc.’s holdings in Amazon.com were worth $24,981,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. Radnor Capital Management LLC lifted its holdings in shares of Amazon.com by 43.6% during the third quarter. Radnor Capital Management LLC now owns 16,966 shares of the e-commerce giant’s stock valued at $3,725,000 after purchasing an additional 5,150 shares during the last quarter. Pettinga Financial Advisors LLC increased its stake in Amazon.com by 1.2% in the 3rd quarter. Pettinga Financial Advisors LLC now owns 5,594 shares of the e-commerce giant’s stock worth $1,228,000 after purchasing an additional 65 shares in the last quarter. Kellett Wealth Advisors LLC raised its holdings in Amazon.com by 2.2% during the 3rd quarter. Kellett Wealth Advisors LLC now owns 8,480 shares of the e-commerce giant’s stock worth $1,862,000 after buying an additional 180 shares during the period. Moss Adams Wealth Advisors LLC lifted its stake in Amazon.com by 2.5% during the third quarter. Moss Adams Wealth Advisors LLC now owns 48,699 shares of the e-commerce giant’s stock valued at $10,693,000 after buying an additional 1,194 shares in the last quarter. Finally, Clay Northam Wealth Management LLC boosted its holdings in shares of Amazon.com by 1.0% in the third quarter. Clay Northam Wealth Management LLC now owns 53,285 shares of the e-commerce giant’s stock worth $11,700,000 after buying an additional 543 shares during the period. 72.20% of the stock is currently owned by institutional investors.

More Amazon.com News

Here are the key news stories impacting Amazon.com this week:

• Positive Sentiment: AWS launches a Europe-only “sovereign cloud,” helping Amazon win government and regulated enterprise business in the EU — a revenue and margin tailwind for AWS. Amazon launches new Europe-based cloud service
• Positive Sentiment: Analysts and research pieces point to AWS re-accelerating (cited ~20% growth, large backlog, heavy AI investment) — supports higher-margin service revenue outlook. Amazon vs. Oracle: Which Cloud Computing Stock is the Better Buy Now?
• Positive Sentiment: Evercore highlights Rufus, Amazon’s AI shopping assistant, as a driver for e-commerce monetization and higher conversion/ads revenue. AI product traction supports longer-term margin expansion. AI-Shopping Assistant Rufus to Drive Amazon e-Commerce Growth
• Positive Sentiment: Amazon joined Wikimedia’s commercial enterprise for AI training access — strengthens access to training data for its LLM/AI efforts and signals cooperation with major content providers. Wikipedia parent partners with Amazon, Meta, Perplexity on AI access
• Positive Sentiment: Amazon secured a U.S. copper supply deal (Rio Tinto) to support fast-growing AI data-center construction — reduces a key bottleneck for capex-driven AWS expansion. Rio Tinto to supply copper to Amazon for AI data centers
• Positive Sentiment: Goldman Sachs raised its price target to $300 and reiterated Buy, reinforcing bullish analyst momentum and supporting investor appetite. Goldman Sachs adjusts price target on Amazon.com to $300
• Neutral Sentiment: Nigeria issued satellite permits to Kuiper (Amazon’s broadband unit), a longer-term growth signal for Kuiper but limited near-term revenue impact. Nigeria grants satellite permits to BeetleSat, Satelio and Amazon’s Kuiper
• Neutral Sentiment: Long-horizon bullish takes (e.g., forecasts that Amazon could reach $1T revenue by 2028) keep investor enthusiasm but are speculative and distant from near-term earnings. Amazon Will Be America’s First $1T Revenue Company
• Negative Sentiment: Legal dispute over Saks Global’s bankruptcy: Amazon says its $475M stake is now worthless and has warned of “drastic remedies.” Ongoing litigation and potential losses create headline risk and near-term uncertainty. Amazon threatens ‘drastic action’ after Saks bankruptcy
• Negative Sentiment: Coverage and some analysts are cautious (Cantor Fitzgerald cut its target), and a U.S. judge rejected Amazon’s first attempt to block Saks’ financing — these items add legal/analyst-driven pressure on sentiment. Cantor Fitzgerald reduces PT on Amazon

Amazon.com Stock Up 0.4%

Shares of Amazon.com stock opened at $239.12 on Friday. The stock has a 50-day simple moving average of $232.46 and a 200-day simple moving average of $228.55. Amazon.com, Inc. has a 52-week low of $161.38 and a 52-week high of $258.60. The firm has a market cap of $2.56 trillion, a price-to-earnings ratio of 33.77, a P/E/G ratio of 1.49 and a beta of 1.37. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.01 and a quick ratio of 0.80.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, October 30th. The e-commerce giant reported $1.95 earnings per share for the quarter, beating the consensus estimate of $1.57 by $0.38. The firm had revenue of $180.17 billion for the quarter, compared to analyst estimates of $177.53 billion. Amazon.com had a net margin of 11.06% and a return on equity of 23.62%. The company’s revenue for the quarter was up 13.4% on a year-over-year basis. During the same quarter last year, the firm earned $1.43 earnings per share. On average, equities research analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Matthew S. Garman sold 17,768 shares of the company’s stock in a transaction on Friday, November 21st. The shares were sold at an average price of $216.90, for a total value of $3,853,879.20. Following the completion of the sale, the chief executive officer directly owned 6,273 shares in the company, valued at approximately $1,360,613.70. This represents a 73.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Douglas J. Herrington sold 2,500 shares of the firm’s stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $233.22, for a total value of $583,050.00. Following the transaction, the chief executive officer owned 505,934 shares in the company, valued at approximately $117,993,927.48. This trade represents a 0.49% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 79,734 shares of company stock worth $18,534,017 in the last 90 days. 9.70% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts recently commented on AMZN shares. DA Davidson upped their price target on shares of Amazon.com from $265.00 to $300.00 and gave the company a “buy” rating in a research report on Friday, October 31st. Daiwa Capital Markets boosted their target price on shares of Amazon.com from $254.00 to $300.00 and gave the company a “buy” rating in a research note on Tuesday, November 11th. Susquehanna set a $300.00 target price on Amazon.com and gave the stock a “positive” rating in a research report on Friday, October 31st. New Street Research upped their price target on Amazon.com from $340.00 to $350.00 and gave the company a “buy” rating in a research report on Thursday, January 8th. Finally, Roth Capital raised their price objective on Amazon.com from $250.00 to $270.00 and gave the stock a “buy” rating in a research report on Friday, October 31st. One analyst has rated the stock with a Strong Buy rating, fifty-six have assigned a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $295.96.

About Amazon.com

Amazon.com, Inc is a diversified technology and retail company best known for its e-commerce marketplace and broad portfolio of consumer and enterprise services. Founded by Jeff Bezos in 1994 and headquartered in Seattle, Washington, the company launched as an online bookseller and expanded into a global retail platform that sells products directly to consumers and provides a marketplace for third-party sellers. Over time Amazon has grown beyond retail into areas including cloud computing, digital media, devices and logistics.

Key businesses and offerings include Amazon’s online marketplace and fulfillment services, the Amazon Prime membership program (which bundles expedited shipping with streaming and other benefits), Amazon Web Services (AWS) which supplies on-demand cloud computing and storage to businesses and public-sector customers, and a range of content and advertising services such as Prime Video and Amazon Advertising.