Pinnacle Bancorp Inc. Has $5.45 Million Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Pinnacle Bancorp Inc. increased its position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 19.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 29,241 shares of the e-commerce giant's stock after purchasing an additional 4,721 shares during the quarter. Amazon.com makes up 1.5% of Pinnacle Bancorp Inc.'s portfolio, making the stock its 7th biggest position. Pinnacle Bancorp Inc.'s holdings in Amazon.com were worth $5,448,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in AMZN. PayPay Securities Corp grew its position in shares of Amazon.com by 64.6% during the 2nd quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant's stock worth $32,000 after buying an additional 64 shares during the period. Christopher J. Hasenberg Inc grew its position in shares of Amazon.com by 650.0% during the 2nd quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant's stock worth $58,000 after buying an additional 260 shares during the period. Koesten Hirschmann & Crabtree INC. acquired a new position in shares of Amazon.com during the 1st quarter worth about $69,000. Innealta Capital LLC acquired a new position in shares of Amazon.com during the 2nd quarter worth about $77,000. Finally, Abich Financial Wealth Management LLC grew its position in shares of Amazon.com by 84.7% during the 2nd quarter. Abich Financial Wealth Management LLC now owns 434 shares of the e-commerce giant's stock worth $84,000 after buying an additional 199 shares during the period. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages recently issued reports on AMZN. Scotiabank boosted their price objective on Amazon.com from $245.00 to $246.00 and gave the company a "sector outperform" rating in a research report on Friday, November 1st. Wedbush boosted their price objective on Amazon.com from $225.00 to $250.00 and gave the company an "outperform" rating in a research report on Friday, November 1st. Stifel Nicolaus boosted their price objective on Amazon.com from $224.00 to $245.00 and gave the company a "buy" rating in a research report on Friday, November 1st. Royal Bank of Canada boosted their price objective on Amazon.com from $215.00 to $225.00 and gave the company an "outperform" rating in a research report on Friday, November 1st. Finally, Monness Crespi & Hardt boosted their price objective on Amazon.com from $225.00 to $245.00 and gave the company a "buy" rating in a research report on Friday, November 1st. Two investment analysts have rated the stock with a hold rating, forty have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $234.55.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, CEO Andrew R. Jassy sold 20,784 shares of the company's stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $180.77, for a total value of $3,757,123.68. Following the transaction, the chief executive officer now directly owns 2,056,534 shares of the company's stock, valued at $371,759,651.18. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other Amazon.com news, CEO Andrew R. Jassy sold 20,784 shares of the company's stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $180.77, for a total value of $3,757,123.68. Following the transaction, the chief executive officer now directly owns 2,056,534 shares of the company's stock, valued at $371,759,651.18. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Jonathan Rubinstein sold 5,004 shares of the stock in a transaction on Friday, November 1st. The stock was sold at an average price of $199.85, for a total value of $1,000,049.40. Following the sale, the director now directly owns 99,396 shares in the company, valued at approximately $19,864,290.60. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 55,859 shares of company stock valued at $10,215,097 in the last ninety days. 10.80% of the stock is currently owned by corporate insiders.

Amazon.com Stock Performance

Shares of AMZN stock traded down $1.87 during trading on Friday, reaching $208.18. 36,040,942 shares of the company's stock were exchanged, compared to its average volume of 41,437,816. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.21. The stock has a market capitalization of $2.19 trillion, a PE ratio of 44.58, a PEG ratio of 1.34 and a beta of 1.14. Amazon.com, Inc. has a twelve month low of $139.52 and a twelve month high of $212.25. The firm's fifty day moving average price is $187.83 and its 200-day moving average price is $184.62.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, beating analysts' consensus estimates of $1.14 by $0.29. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The firm had revenue of $158.88 billion for the quarter, compared to analyst estimates of $157.28 billion. During the same period in the prior year, the firm posted $0.85 EPS. The company's revenue for the quarter was up 11.0% on a year-over-year basis. As a group, sell-side analysts anticipate that Amazon.com, Inc. will post 5.16 EPS for the current year.

Amazon.com Company 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.