Pinnacle Bancorp Inc. Sells 127 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Pinnacle Bancorp Inc. trimmed its position in Amazon.com, Inc. (NASDAQ:AMZN) by 0.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 27,055 shares of the e-commerce giant’s stock after selling 127 shares during the quarter. Amazon.com makes up 1.7% of Pinnacle Bancorp Inc.’s investment portfolio, making the stock its 8th largest position. Pinnacle Bancorp Inc.’s holdings in Amazon.com were worth $5,147,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of AMZN. Golden State Wealth Management LLC boosted its holdings in shares of Amazon.com by 116.5% in the first quarter. Golden State Wealth Management LLC now owns 151,761 shares of the e-commerce giant’s stock valued at $28,875,000 after acquiring an additional 81,659 shares in the last quarter. Aurora Private Wealth Inc. grew its position in Amazon.com by 673.2% during the first quarter. Aurora Private Wealth Inc. now owns 127,141 shares of the e-commerce giant’s stock worth $24,190,000 after buying an additional 110,697 shares during the period. Kellett Wealth Advisors LLC grew its position in Amazon.com by 23.4% during the first quarter. Kellett Wealth Advisors LLC now owns 9,210 shares of the e-commerce giant’s stock worth $1,752,000 after buying an additional 1,746 shares during the period. MOKAN Wealth Management Inc. lifted its holdings in shares of Amazon.com by 11.6% in the first quarter. MOKAN Wealth Management Inc. now owns 24,621 shares of the e-commerce giant’s stock valued at $4,685,000 after purchasing an additional 2,553 shares in the last quarter. Finally, waypoint wealth counsel lifted its holdings in shares of Amazon.com by 6.2% in the first quarter. waypoint wealth counsel now owns 13,394 shares of the e-commerce giant’s stock valued at $2,548,000 after purchasing an additional 777 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Amazon.com Trading Up 0.3%

Shares of Amazon.com stock opened at $223.88 on Friday. Amazon.com, Inc. has a 52-week low of $151.61 and a 52-week high of $242.52. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.17. The company’s 50-day simple moving average is $212.84 and its 200-day simple moving average is $208.62. The firm has a market cap of $2.38 trillion, a price-to-earnings ratio of 36.46, a price-to-earnings-growth ratio of 1.67 and a beta of 1.33.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 EPS for the quarter, beating the consensus estimate of $1.38 by $0.21. Amazon.com had a net margin of 10.14% and a return on equity of 24.14%. The business had revenue of $155.67 billion for the quarter, compared to analyst estimates of $154.96 billion. During the same period in the prior year, the business earned $0.98 earnings per share. The company’s quarterly revenue was up 8.6% on a year-over-year basis. As a group, equities research analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Analyst Ratings Changes

AMZN has been the topic of several recent analyst reports. UBS Group reissued a “buy” rating on shares of Amazon.com in a research note on Tuesday, May 6th. Sanford C. Bernstein set a $235.00 price target on shares of Amazon.com and gave the stock an “outperform” rating in a research report on Tuesday, July 1st. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Amazon.com from $287.00 to $206.00 and set a “buy” rating for the company in a research report on Monday, April 14th. Piper Sandler set a $250.00 price target on shares of Amazon.com and gave the stock an “overweight” rating in a research report on Friday, July 11th. Finally, Royal Bank Of Canada dropped their price objective on shares of Amazon.com from $235.00 to $230.00 and set an “outperform” rating for the company in a research report on Friday, May 2nd. Three analysts have rated the stock with a hold rating, forty-five have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $250.35.

Insiders Place Their Bets

In other Amazon.com news, CEO Douglas J. Herrington sold 2,500 shares of the business’s stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $220.06, for a total transaction of $550,150.00. Following the sale, the chief executive officer directly owned 514,550 shares in the company, valued at approximately $113,231,873. The trade was a 0.48% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jeffrey P. Bezos sold 733,195 shares of the business’s stock in a transaction that occurred on Tuesday, July 15th. The stock was sold at an average price of $227.02, for a total transaction of $166,449,928.90. Following the completion of the sale, the insider owned 894,546,706 shares in the company, valued at $203,079,993,196.12. The trade was a 0.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 14,335,232 shares of company stock valued at $3,210,622,570. Company insiders own 9.70% of the company’s stock.

Amazon.com 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.