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


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Pinnacle Financial Partners Inc. trimmed its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 0.4% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,872 shares of the e-commerce giant’s stock after selling 54 shares during the quarter. Amazon.com accounts for about 1.8% of Pinnacle Financial Partners Inc.’s portfolio, making the stock its 7th biggest holding. Pinnacle Financial Partners Inc.’s holdings in Amazon.com were worth $40,493,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Itau Unibanco Holding S.A. lifted its stake in Amazon.com by 106,580.3% during the fourth quarter. Itau Unibanco Holding S.A. now owns 7,555,096 shares of the e-commerce giant’s stock valued at $13,483,000 after buying an additional 7,548,014 shares in the last quarter. Norges Bank purchased a new stake in Amazon.com during the fourth quarter valued at about $14,877,308,000. Morgan Stanley lifted its stake in Amazon.com by 28.3% during the fourth quarter. Morgan Stanley now owns 6,252,720 shares of the e-commerce giant’s stock valued at $20,364,676,000 after buying an additional 1,377,328 shares in the last quarter. Clarus Group Inc. lifted its stake in Amazon.com by 35,361.0% during the first quarter. Clarus Group Inc. now owns 250,000 shares of the e-commerce giant’s stock valued at $1,006,000 after buying an additional 249,295 shares in the last quarter. Finally, Alliancebernstein L.P. lifted its stake in Amazon.com by 8.9% during the fourth quarter. Alliancebernstein L.P. now owns 1,891,207 shares of the e-commerce giant’s stock valued at $6,159,529,000 after buying an additional 154,025 shares in the last quarter. 56.39% of the stock is owned by institutional investors.

In other Amazon.com news, CEO David H. Clark sold 1,019 shares of the firm’s stock in a transaction dated Tuesday, February 16th. The stock was sold at an average price of $3,257.88, for a total transaction of $3,319,779.72. Following the transaction, the chief executive officer now owns 1,452 shares in the company, valued at $4,730,441.76. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Judith A. Mcgrath sold 340 shares of the firm’s stock in a transaction dated Thursday, February 4th. The stock was sold at an average price of $3,328.35, for a total value of $1,131,639.00. Following the transaction, the director now owns 1,984 shares in the company, valued at approximately $6,603,446.40. The disclosure for this sale can be found here. 16.10% of the stock is currently owned by company insiders.

Shares of AMZN stock opened at $3,362.02 on Thursday. The stock has a 50-day moving average price of $3,160.89 and a 200 day moving average price of $3,192.80. The company has a quick ratio of 0.88, a current ratio of 1.11 and a debt-to-equity ratio of 0.40. The firm has a market cap of $1.69 trillion, a price-to-earnings ratio of 98.45, a PEG ratio of 2.37 and a beta of 1.19. Amazon.com, Inc. has a 12 month low of $2,256.38 and a 12 month high of $3,552.25.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Monday, February 1st. The e-commerce giant reported $14.09 EPS for the quarter, topping the Zacks’ consensus estimate of $7.05 by $7.04. Amazon.com had a return on equity of 24.49% and a net margin of 4.99%. The firm had revenue of $125.56 billion during the quarter, compared to analyst estimates of $119.73 billion. During the same period last year, the company earned $6.47 earnings per share. The company’s revenue was up 43.6% on a year-over-year basis. Sell-side analysts predict that Amazon.com, Inc. will post 34.59 earnings per share for the current fiscal year.

A number of research firms have commented on AMZN. Bank of America upped their price objective on shares of Amazon.com from $3,650.00 to $4,000.00 in a research note on Thursday, January 21st. Guggenheim upped their target price on Amazon.com from $3,600.00 to $4,000.00 and gave the company a “buy” rating in a report on Wednesday, February 3rd. Susquehanna Bancshares upped their target price on Amazon.com from $4,000.00 to $5,200.00 and gave the company a “positive” rating in a report on Wednesday, February 3rd. Jefferies Financial Group upped their target price on Amazon.com from $3,800.00 to $4,000.00 and gave the company a “buy” rating in a report on Wednesday, February 3rd. Finally, The Goldman Sachs Group upped their target price on Amazon.com from $4,200.00 to $4,500.00 and gave the company a “buy” rating in a report on Wednesday, February 3rd. Two equities research analysts have rated the stock with a hold rating and forty-six have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $3,932.96.

Amazon.com Profile

Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It sells merchandise and content purchased for resale from third-party sellers through physical and online stores.

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Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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