Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Pinnacle Wealth Management Advisory Group LLC

Pinnacle Wealth Management Advisory Group LLC lowered its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 8.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 57,174 shares of the e-commerce giant’s stock after selling 5,285 shares during the quarter. Pinnacle Wealth Management Advisory Group LLC’s holdings in Amazon.com were worth $4,803,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. McElhenny Sheffield Capital Management LLC purchased a new stake in Amazon.com during the fourth quarter worth approximately $27,000. Retirement Financial Solutions LLC purchased a new stake in Amazon.com during the 4th quarter worth $32,000. Laurel Wealth Planning LLC boosted its position in Amazon.com by 1,900.0% during the 2nd quarter. Laurel Wealth Planning LLC now owns 320 shares of the e-commerce giant’s stock worth $34,000 after purchasing an additional 304 shares during the period. Swaine & Leidel Wealth Services LLC acquired a new stake in Amazon.com in the 1st quarter valued at $38,000. Finally, Cowa LLC purchased a new position in Amazon.com in the third quarter valued at about $40,000. 57.64% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Amazon.com

In related news, CEO Douglas J. Herrington sold 7,456 shares of Amazon.com stock in a transaction that occurred on Tuesday, February 21st. The shares were sold at an average price of $94.90, for a total transaction of $707,574.40. Following the transaction, the chief executive officer now owns 564,298 shares of the company’s stock, valued at approximately $53,551,880.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CEO Douglas J. Herrington sold 7,456 shares of the stock in a transaction that occurred on Tuesday, February 21st. The stock was sold at an average price of $94.90, for a total transaction of $707,574.40. Following the completion of the sale, the chief executive officer now directly owns 564,298 shares of the company’s stock, valued at approximately $53,551,880.20. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Adam Selipsky sold 520 shares of the stock in a transaction dated Thursday, May 4th. The stock was sold at an average price of $104.34, for a total value of $54,256.80. Following the transaction, the chief executive officer now owns 135,760 shares of the company’s stock, valued at $14,165,198.40. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 74,133 shares of company stock valued at $7,233,467. 12.30% of the stock is currently owned by insiders.

Amazon.com Trading Down 1.7 %

Amazon.com stock opened at $110.26 on Monday. The stock has a market cap of $1.13 trillion, a price-to-earnings ratio of 262.52, a price-to-earnings-growth ratio of 3.73 and a beta of 1.26. The company has a quick ratio of 0.69, a current ratio of 0.92 and a debt-to-equity ratio of 0.43. The business has a 50 day moving average price of $101.42 and a two-hundred day moving average price of $96.58. Amazon.com, Inc. has a 12 month low of $81.43 and a 12 month high of $146.57.

Amazon.com (NASDAQ:AMZN – Get Rating) last released its quarterly earnings results on Thursday, April 27th. The e-commerce giant reported $0.31 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.09. The firm had revenue of $127.36 billion for the quarter, compared to analyst estimates of $124.57 billion. Amazon.com had a net margin of 0.82% and a return on equity of 5.85%. The company’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.21 earnings per share. As a group, equities analysts forecast that Amazon.com, Inc. will post 1.54 EPS for the current year.

Analysts Set New Price Targets

Several analysts have issued reports on AMZN shares. DA Davidson increased their price objective on shares of Amazon.com from $114.00 to $134.00 and gave the company a “buy” rating in a research report on Friday, February 3rd. Mizuho increased their price target on shares of Amazon.com from $135.00 to $145.00 in a research report on Friday, April 28th. Tigress Financial reissued a “buy” rating and set a $192.00 target price on shares of Amazon.com in a report on Thursday, February 9th. MKM Partners decreased their target price on Amazon.com from $145.00 to $125.00 and set a “buy” rating for the company in a research note on Wednesday, January 18th. Finally, Credit Suisse Group dropped their target price on Amazon.com from $150.00 to $140.00 in a research report on Tuesday, April 25th. Three investment analysts have rated the stock with a hold rating and forty-one have issued a buy rating to the company. According to data from MarketBeat.com, Amazon.com presently has a consensus rating of “Moderate Buy” and a consensus price target of $143.12.

Amazon.com Company Profile

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Amazon.com, Inc is a multinational technology company, which engages in the provision of online retail shopping services. It operates through the following segments: North America, International, and Amazon Web Services (AWS). The North America segment is involved in the retail sales of consumer products including from sellers and subscriptions through North America-focused online and physical stores.