Pinnacle Bancorp Inc. Reduces Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Pinnacle Bancorp Inc. reduced its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 0.3% in the first quarter, according to the company’s latest Form 13F filing with the Securities & Exchange Commission. The institutional investor held 24,470 shares of the e-commerce giant after selling 74 shares during the quarter. Amazon.com makes up 1.3% of Pinnacle Bancorp Inc.’s portfolio, making it the ninth-largest stock. Pinnacle Bancorp Inc.’s stake in Amazon.com was worth $4,414,000, according to the company’s latest filing with the Securities & Exchange Commission.

Several other institutional investors also recently changed their positions in AMZN. Collective Family Office LLC increased its stake in Amazon.com by 9.7% in the first quarter. Collective Family Office LLC now owns 9,278 shares of the e-commerce giant’s stock worth $1,674,000 after purchasing an additional 819 shares in the last quarter. Members Trust Co increased its position in Amazon.com shares by 8.9% in the fourth quarter. Members Trust Co now owns 4,157 shares of the e-commerce giant’s stock worth $638,000 after purchasing an additional 341 shares in the last quarter. Cherrydale Wealth Management LLC increased its position in Amazon.com shares by 14.7% in the fourth quarter. Cherrydale Wealth Management LLC now owns 5,260 shares of the e-commerce giant’s stock worth $799,000 after purchasing an additional 675 shares in the last quarter. Tompkins Financial Corp. increased its stake in Amazon.com by 3.3% in the 4th quarter. Tompkins Financial Corp. now owns 71,576 shares of the e-commerce giant’s stock worth $10,875,000 after purchasing an additional 2,273 shares during the period. Finally, Nicholas Company Inc. increased its holdings in Amazon.com by 3.9% in the 3rd quarter. Nicholas Company Inc. now owns 705,065 shares of the e-commerce giant’s stock worth $89,628,000 after purchasing an additional 26,465 shares in the last quarter. Institutional investors own 72.20% of the company’s stock.

Amazon.com drops 1.2%

NASDAQ AMZN stock opened at $197.59 on Thursday. Amazon.com, Inc. has a twelve-month low of $118.35 and a twelve-month high of $200.43. The company has a market capitalization of $2.06 trillion, a P/E ratio of 55.35, a price-to-earnings-growth ratio of 1.38 and a beta of 1.15. The company has a fifty day simple moving average of $184.68 and a two-hundred day simple moving average of $173.98. The company has a current 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 its quarterly earnings data on Tuesday, April 30. The e-commerce giant reported $0.98 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.15. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. The company had revenue of $143.31 billion for the quarter, compared to the consensus estimate of $142.65 billion. During the same period last year, the company reported earnings per share of $0.31. The company’s quarterly revenue increased 12.5% ​​year-over-year. Analysts expect Amazon.com, Inc. to report earnings per share of $4.72 for the current fiscal year.

Internal activity

In other news, Vice President Shelley Reynolds sold 2,700 shares of the company’s stock in a transaction that occurred on Tuesday, May 21. The shares were sold at an average price of $181.39, for a total transaction value 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 transaction was disclosed in legal documents filed with the SEC, which are available on the SEC’s website. In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction dated Thursday, April 18. The shares were sold at an average price of $181.38, for a total transaction value of $90,690.00. Following the completion of the sale, the CEO now directly owns 130,600 shares of the company’s stock, valued at $23,688,228. The transaction was disclosed in legal documents filed with the SEC, which are available at this link . Additionally, Vice President Shelley Reynolds sold 2,700 shares of Amazon.com stock in a transaction that occurred on Tuesday, May 21. The shares were sold for an average price of $181.39, for a total transaction value of $489,753.00. Following the completion of the transaction, the Vice President now directly owns 119,780 shares of the company’s stock, valued at approximately $21,726,894.20. Disclosure of this sale can be found here . In the last quarter, insiders sold 69,548 shares of the company’s stock valued at $12,774,204. Insiders currently own 10.80% of the stock.

Changes in analyst ratings

AMZN has been the subject of several recent analyst reports. Citigroup raised their price objective for shares of Amazon.com from $235.00 to $245.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1. Maxim Group lowered their price objective for shares of Amazon.com from $318.00 to $238.00 and set a “buy” rating for the stock in a research note on Wednesday, May 1. Barclays raised their price objective for Amazon.com from $220.00 to $230.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 1. Piper Sandler raised their price objective for Amazon.com from $205.00 to $220.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 1. Finally, Tigress Financial raised their price target on Amazon.com from $210.00 to $245.00 and gave the company a “buy” rating in a report on Thursday, May 30. One investment analyst rated the stock a “hold,” forty-three have given a “buy” rating, and one has given the stock a “strong buy” rating. According to data from MarketBeat, Amazon.com currently has an average rating of “buy” and a consensus price target of $215.86.

See our latest report on Amazon.com

About Amazon.com

(Free report)

Amazon.com, Inc. is a consumer products retailer, advertising, and subscription service through online and physical stores in North America and internationally. 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 multimedia content.

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