Pinnacle Financial Partners Inc Sells 295,014 Shares of Amazon.com, Inc. $AMZN

Pinnacle Financial Partners Inc lessened its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 44.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 365,319 shares of the e-commerce giant’s stock after selling 295,014 shares during the period. Amazon.com comprises about 1.9% of Pinnacle Financial Partners Inc’s portfolio, making the stock its 8th biggest position. Pinnacle Financial Partners Inc’s holdings in Amazon.com were worth $80,213,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the stock. Gibraltar Capital Management Inc. boosted its holdings in Amazon.com by 13.6% in the third quarter. Gibraltar Capital Management Inc. now owns 4,927 shares of the e-commerce giant’s stock valued at $1,082,000 after acquiring an additional 591 shares during the last quarter. Charter Capital Management LLC DE lifted its position in shares of Amazon.com by 2.8% in the 3rd quarter. Charter Capital Management LLC DE now owns 2,529 shares of the e-commerce giant’s stock worth $555,000 after purchasing an additional 69 shares during the period. Professional Financial Advisors LLC lifted its position in shares of Amazon.com by 4.6% in the 3rd quarter. Professional Financial Advisors LLC now owns 10,661 shares of the e-commerce giant’s stock worth $2,341,000 after purchasing an additional 470 shares during the period. Clear Point Advisors Inc. boosted its stake in shares of Amazon.com by 2.1% in the 3rd quarter. Clear Point Advisors Inc. now owns 4,967 shares of the e-commerce giant’s stock valued at $1,091,000 after purchasing an additional 102 shares during the last quarter. Finally, Nations Financial Group Inc. IA ADV increased its position in shares of Amazon.com by 9.0% during the third quarter. Nations Financial Group Inc. IA ADV now owns 81,318 shares of the e-commerce giant’s stock worth $17,855,000 after buying an additional 6,686 shares during the period. 72.20% of the stock is currently owned by institutional investors.

Trending Headlines about Amazon.com

Here are the key news stories impacting Amazon.com this week:

• Positive Sentiment: Analyst and institutional bullishness — several firms (Wedbush, Jefferies, Citizens) and some large buyers have reiterated Outperform/Buy views and nudged price targets higher, supporting investor confidence in AWS-driven upside. Amazon shares ‘a coiled spring’ going into Q4 report: UBS
• Positive Sentiment: Faster delivery and scale — Amazon reported major improvements in logistics (13B Prime deliveries globally; 30% more same/next‑day deliveries in the U.S.), which should boost sales/retention and margin leverage in retail. Amazon is ratcheting up fast delivery and raising the stakes for rivals like Walmart
• Positive Sentiment: High‑profile buyers and analyst upgrades — notable purchases (e.g., ARK/Cathie Wood) and upgraded forecasts keep momentum among buy‑side funds ahead of earnings. Cathie Wood Buys Nearly $2M of Amazon Stock Ahead of Q4 Earnings
• Neutral Sentiment: Earnings as the key catalyst — options markets are pricing a large post‑earnings move (~8%), raising short‑term volatility risk; results will likely drive the next directional leg. Options Traders Are Expecting an 8.01% Move in AMZN Stock
• Neutral Sentiment: Market positioning — many analysts have raised targets (median near $300) and institutional flows are active; that helps upside but also concentrates expectations into earnings. Amazon Stock Opinions on Q4 Earnings Preview
• Negative Sentiment: Power‑grid delays in Europe threaten AWS data‑center expansion and timing of capacity builds — this can slow revenue/capacity ramp and push out expected AI‑related capex benefits. Power grid delays challenge Amazon’s data center expansion in Europe
• Negative Sentiment: AWS limitations and long‑horizon bets questioned — AWS chief Matt Garman pushed back on space/orbital data centers as “pretty far” from reality, tempering hype around new expansion narratives. Amazon AWS CEO Matt Garman pushes back against Elon Musk’s space data centers plan
• Negative Sentiment: Workforce reductions and retail partnership pullbacks — reports of another ~2,200 Seattle job cuts and Saks winding down its luxury partnership raise execution and revenue‑mix concerns. Amazon Cuts Another 2,200 Jobs in Seattle

Analysts Set New Price Targets

AMZN has been the topic of several recent analyst reports. Zacks Research lowered shares of Amazon.com from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 1st. HSBC boosted their price objective on Amazon.com from $260.00 to $285.00 and gave the company a “buy” rating in a research note on Friday, October 31st. Monness Crespi & Hardt reaffirmed a “buy” rating on shares of Amazon.com in a research note on Monday. Desjardins lifted their target price on Amazon.com to $218.00 in a report on Monday, December 8th. Finally, Raymond James Financial cut their price target on Amazon.com from $275.00 to $260.00 and set an “outperform” rating on the stock in a report on Thursday, January 15th. One analyst has rated the stock with a Strong Buy rating, fifty-four have given a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $296.37.

Amazon.com Stock Performance

Shares of AMZN stock opened at $238.62 on Wednesday. The company has a current ratio of 1.01, a quick ratio of 0.80 and a debt-to-equity ratio of 0.14. The firm has a fifty day simple moving average of $234.02 and a two-hundred day simple moving average of $229.94. Amazon.com, Inc. has a 12 month low of $161.38 and a 12 month high of $258.60. The firm has a market capitalization of $2.55 trillion, a PE ratio of 33.70, a price-to-earnings-growth ratio of 1.52 and a beta of 1.37.

Insider Buying and Selling

In other news, CEO Douglas J. Herrington sold 2,500 shares of the firm’s stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $233.22, for a total value of $583,050.00. Following the transaction, the chief executive officer owned 505,934 shares in the company, valued at $117,993,927.48. This trade represents a 0.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Matthew S. Garman sold 17,768 shares of Amazon.com stock in a transaction that occurred on Friday, November 21st. The shares were sold at an average price of $216.90, for a total value of $3,853,879.20. Following the transaction, the chief executive officer directly owned 6,273 shares in the company, valued at approximately $1,360,613.70. The trade was a 73.91% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 47,061 shares of company stock worth $10,351,262 over the last ninety days. Insiders own 10.80% of the company’s stock.

Amazon.com Profile

Amazon.com, Inc is a diversified technology and retail company best known for its e-commerce marketplace and broad portfolio of consumer and enterprise services. Founded by Jeff Bezos in 1994 and headquartered in Seattle, Washington, the company launched as an online bookseller and expanded into a global retail platform that sells products directly to consumers and provides a marketplace for third-party sellers. Over time Amazon has grown beyond retail into areas including cloud computing, digital media, devices and logistics.

Key businesses and offerings include Amazon’s online marketplace and fulfillment services, the Amazon Prime membership program (which bundles expedited shipping with streaming and other benefits), Amazon Web Services (AWS) which supplies on-demand cloud computing and storage to businesses and public-sector customers, and a range of content and advertising services such as Prime Video and Amazon Advertising.