Pinnacle West Asset Management Inc. Has $4.25 Million Stock Holdings in Amazon.com, Inc. $AMZN

Pinnacle West Asset Management Inc. lessened its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.6% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 19,365 shares of the e-commerce giant’s stock after selling 115 shares during the quarter. Amazon.com comprises approximately 2.9% of Pinnacle West Asset Management Inc.’s portfolio, making the stock its 4th biggest holding. Pinnacle West Asset Management Inc.’s holdings in Amazon.com were worth $4,248,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Western Wealth Management LLC lifted its position in Amazon.com by 0.9% during the first quarter. Western Wealth Management LLC now owns 140,122 shares of the e-commerce giant’s stock valued at $26,660,000 after purchasing an additional 1,297 shares during the last quarter. Flaharty Asset Management LLC lifted its position in Amazon.com by 87.7% during the first quarter. Flaharty Asset Management LLC now owns 5,088 shares of the e-commerce giant’s stock valued at $968,000 after purchasing an additional 2,377 shares during the last quarter. Barnes Dennig Private Wealth Management LLC bought a new stake in Amazon.com during the first quarter valued at approximately $514,000. Border to Coast Pensions Partnership Ltd lifted its position in Amazon.com by 6.0% during the second quarter. Border to Coast Pensions Partnership Ltd now owns 1,136,311 shares of the e-commerce giant’s stock valued at $249,295,000 after purchasing an additional 63,924 shares during the last quarter. Finally, Abel Hall LLC raised its stake in shares of Amazon.com by 7.3% during the second quarter. Abel Hall LLC now owns 12,740 shares of the e-commerce giant’s stock worth $2,795,000 after acquiring an additional 863 shares in the last quarter. Institutional investors own 72.20% of the company’s stock.

Insider Transactions at Amazon.com

In other news, CEO Matthew S. Garman sold 17,785 shares of the firm’s stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $221.57, for a total value of $3,940,622.45. Following the completion of the sale, the chief executive officer directly owned 3,138 shares of the company’s stock, valued at approximately $695,286.66. This trade represents a 85.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Andrew R. Jassy sold 19,872 shares of the firm’s stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $221.58, for a total transaction of $4,403,237.76. Following the completion of the sale, the chief executive officer directly owned 2,178,502 shares of the company’s stock, valued at approximately $482,712,473.16. This represents a 0.90% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 95,411 shares of company stock worth $21,222,702. 9.70% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have commented on AMZN. TD Cowen lifted their price target on shares of Amazon.com from $255.00 to $300.00 and gave the stock a “buy” rating in a research note on Friday. BMO Capital Markets reissued an “outperform” rating and set a $300.00 price target on shares of Amazon.com in a research note on Friday. Citigroup lifted their price target on shares of Amazon.com from $270.00 to $320.00 and gave the stock a “buy” rating in a research note on Friday. Oppenheimer lifted their price target on shares of Amazon.com from $245.00 to $290.00 and gave the stock an “outperform” rating in a research note on Friday. Finally, Barclays reissued an “overweight” rating and set a $300.00 price target (up from $275.00) on shares of Amazon.com in a research note on Friday. Three analysts have rated the stock with a Strong Buy rating, forty-nine have issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $289.88.

Amazon.com Stock Up 9.6%

Shares of NASDAQ AMZN opened at $244.22 on Friday. The company has a quick ratio of 0.81, a current ratio of 1.02 and a debt-to-equity ratio of 0.15. Amazon.com, Inc. has a 52 week low of $161.38 and a 52 week high of $250.50. The firm’s fifty day moving average is $225.49 and its 200 day moving average is $215.83. The company has a market cap of $2.60 trillion, a price-to-earnings ratio of 37.23, a PEG ratio of 1.52 and a beta of 1.28.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, October 30th. The e-commerce giant reported $1.95 EPS for the quarter, topping the consensus estimate of $1.57 by $0.38. The company had revenue of $180.17 billion for the quarter, compared to the consensus estimate of $177.53 billion. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. The firm’s revenue for the quarter was up 13.4% on a year-over-year basis. During the same period in the previous year, the firm earned $1.43 earnings per share. Amazon.com has set its Q4 2025 guidance at EPS. On average, equities research analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

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.