Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Pinnacle Financial Partners Inc

Pinnacle Financial Partners Inc trimmed its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 3.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 907,846 shares of the e-commerce giant’s stock after selling 35,184 shares during the quarter. Amazon.com accounts for about 3.3% of Pinnacle Financial Partners Inc’s portfolio, making the stock its 5th biggest holding. Pinnacle Financial Partners Inc’s holdings in Amazon.com were worth $137,938,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in Amazon.com by 4.4% during the 3rd quarter. Vanguard Group Inc. now owns 757,951,795 shares of the e-commerce giant’s stock worth $96,350,832,000 after buying an additional 32,038,029 shares during the period. State Street Corp raised its holdings in Amazon.com by 1.0% during the 3rd quarter. State Street Corp now owns 329,849,003 shares of the e-commerce giant’s stock worth $37,272,937,000 after buying an additional 3,121,516 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in Amazon.com by 1,838.8% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 311,971,394 shares of the e-commerce giant’s stock worth $33,134,481,000 after buying an additional 295,880,050 shares during the period. FMR LLC raised its holdings in Amazon.com by 7.7% during the 3rd quarter. FMR LLC now owns 302,101,441 shares of the e-commerce giant’s stock worth $38,403,135,000 after buying an additional 21,649,871 shares during the period. Finally, Geode Capital Management LLC raised its holdings in Amazon.com by 2.9% during the 2nd quarter. Geode Capital Management LLC now owns 170,151,722 shares of the e-commerce giant’s stock worth $22,116,108,000 after buying an additional 4,842,542 shares during the period. 72.20% of the stock is owned by institutional investors and hedge funds.

Amazon.com Stock Down 1.3 %

AMZN opened at $183.62 on Tuesday. Amazon.com, Inc. has a 1-year low of $101.15 and a 1-year high of $189.77. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.29. The stock has a market capitalization of $1.91 trillion, a price-to-earnings ratio of 63.32, a P/E/G ratio of 1.62 and a beta of 1.17. The business has a 50 day moving average of $176.60 and a 200-day moving average of $155.79.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, February 1st. The e-commerce giant reported $1.00 earnings per share for the quarter, beating the consensus estimate of $0.81 by $0.19. The company had revenue of $169.96 billion during the quarter, compared to analysts’ expectations of $165.96 billion. Amazon.com had a return on equity of 16.61% and a net margin of 5.29%. Amazon.com’s revenue for the quarter was up 13.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.21 earnings per share. As a group, sell-side analysts anticipate that Amazon.com, Inc. will post 4.08 earnings per share for the current year.

Insider Activity at Amazon.com

In related news, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction on Thursday, January 18th. The stock was sold at an average price of $152.78, for a total value of $76,390.00. Following the completion of the transaction, the chief executive officer now directly owns 117,560 shares in the company, valued at $17,960,816.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction on Thursday, January 18th. The stock was sold at an average price of $152.78, for a total value of $76,390.00. Following the completion of the transaction, the chief executive officer now directly owns 117,560 shares in the company, valued at $17,960,816.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Douglas J. Herrington sold 3,500 shares of the company’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $180.73, for a total value of $632,555.00. Following the completion of the transaction, the chief executive officer now owns 512,858 shares of the company’s stock, valued at $92,688,826.34. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 32,214,010 shares of company stock worth $5,505,874,846. 12.70% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several analysts have issued reports on the company. Barclays boosted their price objective on Amazon.com from $190.00 to $220.00 and gave the stock an “overweight” rating in a report on Friday, February 2nd. Truist Financial reiterated a “buy” rating and issued a $195.00 target price on shares of Amazon.com in a report on Friday, March 22nd. Bank of America upped their target price on Amazon.com from $185.00 to $204.00 and gave the company a “buy” rating in a report on Friday, February 2nd. Sanford C. Bernstein upped their target price on Amazon.com from $175.00 to $200.00 and gave the company an “outperform” rating in a report on Friday, February 2nd. Finally, Oppenheimer upped their target price on Amazon.com from $200.00 to $210.00 and gave the company an “outperform” rating in a report on Friday, February 2nd. One research analyst has rated the stock with a hold rating, forty-three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $201.43.

Amazon.com Company Profile

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.