Pinnacle Bank lessened its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.1% in the 4th quarter, Holdings Channel reports. The institutional investor owned 627 shares of the e-commerce giant’s stock after selling 7 shares during the quarter. Amazon.com accounts for about 1.3% of Pinnacle Bank’s portfolio, making the stock its 13th largest position. Pinnacle Bank’s holdings in Amazon.com were worth $2,042,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in AMZN. United Bank raised its stake in shares of Amazon.com by 5.1% during the second quarter. United Bank now owns 1,036 shares of the e-commerce giant’s stock valued at $2,858,000 after acquiring an additional 50 shares in the last quarter. Principal Financial Group Inc. raised its stake in shares of Amazon.com by 6.8% during the second quarter. Principal Financial Group Inc. now owns 969,771 shares of the e-commerce giant’s stock valued at $2,675,423,000 after acquiring an additional 61,712 shares in the last quarter. Staley Capital Advisers Inc. raised its stake in shares of Amazon.com by 1.9% during the second quarter. Staley Capital Advisers Inc. now owns 5,538 shares of the e-commerce giant’s stock valued at $15,278,000 after acquiring an additional 101 shares in the last quarter. Sequoia Financial Advisors LLC raised its stake in shares of Amazon.com by 7.8% during the second quarter. Sequoia Financial Advisors LLC now owns 6,386 shares of the e-commerce giant’s stock valued at $17,618,000 after acquiring an additional 461 shares in the last quarter. Finally, FMR LLC raised its stake in shares of Amazon.com by 1.3% during the second quarter. FMR LLC now owns 16,051,633 shares of the e-commerce giant’s stock valued at $44,283,569,000 after acquiring an additional 212,006 shares in the last quarter. Institutional investors and hedge funds own 56.39% of the company’s stock.

In related news, CEO Jeffrey A. Wilke sold 2,000 shares of the company’s stock in a transaction dated Tuesday, December 1st. The shares were sold at an average price of $3,200.59, for a total transaction of $6,401,180.00. Following the completion of the transaction, the chief executive officer now owns 7,459 shares in the company, valued at approximately $23,873,200.81. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Andrew R. Jassy sold 6,945 shares of the company’s stock in a transaction dated Monday, November 2nd. The stock was sold at an average price of $3,061.74, for a total transaction of $21,263,784.30. Following the transaction, the chief executive officer now owns 82,599 shares of the company’s stock, valued at approximately $252,896,662.26. The disclosure for this sale can be found here. In the last quarter, insiders sold 14,927 shares of company stock valued at $46,256,596. Insiders own 16.10% of the company’s stock.

Shares of Amazon.com stock opened at $3,165.89 on Thursday. The firm has a 50-day simple moving average of $3,186.56 and a two-hundred day simple moving average of $3,160.85. The company has a market cap of $1.59 trillion, a P/E ratio of 92.71, a price-to-earnings-growth ratio of 2.43 and a beta of 1.19. Amazon.com, Inc. has a fifty-two week low of $1,626.03 and a fifty-two week high of $3,552.25. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.88 and a current ratio of 1.11.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Tuesday, November 3rd. The e-commerce giant reported $12.37 earnings per share for the quarter, topping analysts’ consensus estimates of $7.41 by $4.96. The business had revenue of $96.15 billion during the quarter, compared to the consensus estimate of $92.56 billion. Amazon.com had a net margin of 4.99% and a return on equity of 24.49%. The company’s revenue was up 37.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $4.23 earnings per share. Equities research analysts forecast that Amazon.com, Inc. will post 34.56 EPS for the current year.

AMZN has been the subject of a number of recent research reports. MKM Partners boosted their price objective on shares of Amazon.com from $3,650.00 to $3,750.00 in a research note on Friday, October 30th. Wells Fargo & Company reissued a “buy” rating and issued a $3,900.00 price objective on shares of Amazon.com in a research note on Tuesday, November 24th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Amazon.com from $4,000.00 to $4,050.00 and gave the stock a “buy” rating in a research note on Tuesday, October 27th. Societe Generale boosted their price objective on shares of Amazon.com from $2,730.00 to $3,660.00 and gave the stock a “buy” rating in a research note on Friday, October 2nd. Finally, Needham & Company LLC reissued a “buy” rating and issued a $3,700.00 price objective on shares of Amazon.com in a research note on Tuesday, December 8th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and forty-seven have issued a buy rating to the company’s stock. Amazon.com currently has a consensus rating of “Buy” and a consensus price target of $3,645.47.

Amazon.com Profile

Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It sells merchandise and content purchased for resale from third-party sellers through physical and online stores.

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Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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