Pinnacle Wealth Planning Services Inc. acquires 614 shares of Amazon.com, Inc. (NASDAQ:AMZN)

According to its latest filing with the SEC, Pinnacle Wealth Planning Services Inc. increased its shares in Amazon.com, Inc. (NASDAQ:AMZN) up 1.1% in the fourth quarter. The fund owned 56,569 shares of the e-commerce giant after acquiring an additional 614 shares during the quarter. Amazon.com is about 1.3% of Pinnacle Wealth Planning Services Inc., making it the 11th largest company. At the end of the last quarter, the value of Pinnacle Wealth Planning Services Inc. shares. on Amazon.com was $8,595,000.

A number of other hedge funds have also recently changed their positions in the industry. Vanguard Group Inc. increased its position in Amazon.com shares by 4.4% in the third quarter. Vanguard Group Inc. now owns 757,951,795 shares of the e-commerce giant’s stock valued at $96,350,832,000 after acquiring an additional 32,038,029 shares during the period. FMR LLC increased its holdings in Amazon.com by 7.7% in the third quarter. FMR LLC now owns 302,101,441 shares of the e-commerce giant’s stock valued at $38,403,135,000 after purchasing an additional 21,649,871 shares during the period. Northern Trust Corp increased its position on Amazon.com by 3.7% in the third quarter. Northern Trust Corp now owns 92,329,336 shares of the e-commerce giant’s stock valued at $11,736,905,000 after purchasing an additional 3,260,411 shares in the last quarter. Jennison Associates LLC increased its holdings in Amazon.com by 2.5% in the fourth quarter. Jennison Associates LLC now owns 56,371,051 shares of the e-commerce giant’s stock valued at $8,565,017,000 after purchasing an additional 1,389,503 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its holdings in Amazon.com by 3.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 51,920,953 shares of the e-commerce giant’s stock valued at $7,888,870,000 after purchasing an additional 1,525,922 shares during the period. Currently, 72.20% of the shares are in the hands of institutional investors.

Buying and selling confidential information

In related news, CEO Andrew R. Jassy sold 20,784 shares of Amazon.com stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $181.44, for a total transaction amount of $3,771,048.96. Following the completion of the transaction, the CEO now directly owns 2,025,358 shares of the company’s stock, valued at approximately $367,480,955.52. The transaction was disclosed in a filing with the SEC, which is available on the SEC’s website. In related news, CEO Andrew R. Jassy sold 20,784 shares of Amazon.com stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $181.44, for a total transaction amount of $3,771,048.96. Following the completion of the transaction, the CEO now directly owns 2,025,358 shares of the company’s stock, valued at approximately $367,480,955.52. The transaction was disclosed in a filing with the SEC, which is available on the SEC’s website. Additionally, VP Shelley Reynolds sold 2,700 shares of Amazon.com stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $181.39, for a total transaction amount of $489,753.00. Following the transaction, the vice president now directly owns 119,780 shares of the company’s stock, valued at $21,726,894.20. The announcement of this sale can be found here. Over the last ninety days, insiders have sold 62,338 shares of company stock worth $11,363,829. Company insiders own 10.80% of the company’s shares.

Wall Street analysts predict growth

Several brokerages commented on AMZN. Benchmark maintained a “buy” rating on the stock and set a price target of $200.00 for shares of Amazon.com in a report issued on Wednesday, May 1st. Piper Sandler raised their price target on Amazon.com from $205.00 to $220.00 and gave the company an “outperform” rating in a research report on Wednesday, May 1st. BMO Capital Markets increased their price target on Amazon.com from $215.00 to $220.00 and gave the stock an “outperform” rating in a report on Wednesday, May 1st. DA Davidson maintained a “buy” rating and set a price target for Amazon.com shares at $235.00 in a report on Thursday, April 18. Finally, JMP Securities maintained a Market Outperform rating and set a $225.00 price target on shares of Amazon.com in a research note on Wednesday, May 1st. One analyst rated the company’s shares with a hold rating, forty-four gave a buy rating and one gave a strong buy rating to the company’s shares. The stock has a consensus rating of “Buy” and a consensus price target of $212.40, according to MarketBeat.com.

Check out our latest report on AMZN

Amazon.com stock performance

Shares of NASDAQ:AMZN opened at $178.34 on Tuesday. Amazon.com, Inc. it has a 52-week low of $118.35 and a 52-week high of $191.70. The market capitalization of the company’s shares is $1.86 trillion, the P/E ratio is 49.96, the PEG ratio is 1.26 and the beta is 1.14. The company has a fifty-day simple moving average of $182.31 and a two-hundred-day simple moving average of $167.94. The company has a quick ratio of 0.87, a current ratio of 1.07 and a debt-to-equity ratio of 0.27.

Amazon.com (NASDAQ:AMZN – Get Free Report) last released quarterly data on Tuesday, April 30th. The e-commerce giant reported EPS of $0.98 for the quarter, $0.15 above the analyst consensus of $0.83. Amazon.com had a net margin of 6.38% and a return on equity of 19.86%. The company had revenue of $143.31 billion for the quarter, compared to analyst expectations of $142.65 billion. During the same period last year, the company saw an EPS of $0.31. The company’s revenues increased by 12.5% ​​year over year. On average, analysts expect Amazon.com, Inc. will see 4.72 earnings per share for the current fiscal year.

About Amazon.com

(free report)

Amazon.com, Inc. retails consumer products, advertising and subscription services through online and physical stores in North America and abroad. The company operates in three segments: North America, International and Amazon Web Services (AWS). It also manufactures and sells electronic devices including Kindle, Fire tablets, Fire TV, Echo, Ring, Blink and eero; and develops and produces media content.

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