Amazon.com, Inc. (NASDAQ:AMZN) is Pinnacle Financial Partners Inc's 4th Largest Position

Pinnacle Financial Partners Inc lessened its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 0.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 885,144 shares of the e-commerce giant's stock after selling 6,032 shares during the quarter. Amazon.com comprises 3.9% of Pinnacle Financial Partners Inc's portfolio, making the stock its 4th biggest holding. Pinnacle Financial Partners Inc's holdings in Amazon.com were worth $194,192,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of AMZN. AMF Tjanstepension AB raised its stake in shares of Amazon.com by 44.3% during the third quarter. AMF Tjanstepension AB now owns 2,641,401 shares of the e-commerce giant's stock valued at $492,172,000 after acquiring an additional 811,425 shares in the last quarter. Swedbank AB raised its position in Amazon.com by 1.4% during the 3rd quarter. Swedbank AB now owns 13,335,826 shares of the e-commerce giant's stock valued at $2,484,864,000 after purchasing an additional 183,610 shares in the last quarter. Sassicaia Capital Advisers LLC purchased a new stake in shares of Amazon.com in the 3rd quarter worth $279,000. Howard Capital Management Group LLC increased its stake in shares of Amazon.com by 0.3% during the third quarter. Howard Capital Management Group LLC now owns 356,539 shares of the e-commerce giant's stock valued at $66,434,000 after buying an additional 897 shares during the period. Finally, Meridian Management Co. raised its holdings in shares of Amazon.com by 27.6% in the third quarter. Meridian Management Co. now owns 33,460 shares of the e-commerce giant's stock valued at $6,235,000 after acquiring an additional 7,246 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company's stock.

Remove Ads

Insiders Place Their Bets

In other news, SVP David Zapolsky sold 19,212 shares of Amazon.com stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $217.50, for a total value of $4,178,610.00. Following the transaction, the senior vice president now directly owns 49,950 shares of the company's stock, valued at $10,864,125. The trade was a 27.78 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, VP Shelley Reynolds sold 8,833 shares of the stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $222.47, for a total transaction of $1,965,077.51. Following the sale, the vice president now directly owns 119,780 shares of the company's stock, valued at approximately $26,647,456.60. This trade represents a 6.87 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 102,298 shares of company stock valued at $22,871,828. Company insiders own 10.80% of the company's stock.

Amazon.com Price Performance

Shares of AMZN stock traded up $2.34 during mid-day trading on Tuesday, reaching $205.60. The stock had a trading volume of 20,370,011 shares, compared to its average volume of 38,443,934. Amazon.com, Inc. has a 12-month low of $151.61 and a 12-month high of $242.52. The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18. The business has a 50-day simple moving average of $218.60 and a 200 day simple moving average of $208.62. The company has a market cap of $2.18 trillion, a P/E ratio of 37.14, a price-to-earnings-growth ratio of 1.50 and a beta of 1.19.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.52 by $0.34. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. On average, sell-side analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have recently weighed in on AMZN. Canaccord Genuity Group restated a "buy" rating on shares of Amazon.com in a report on Thursday, February 13th. Stifel Nicolaus increased their price objective on Amazon.com from $245.00 to $275.00 and gave the company a "buy" rating in a report on Friday, February 7th. Mizuho raised their price target on Amazon.com from $240.00 to $260.00 and gave the stock an "outperform" rating in a report on Tuesday, December 10th. Telsey Advisory Group restated an "outperform" rating and set a $275.00 price objective on shares of Amazon.com in a report on Friday, February 7th. Finally, Phillip Securities downgraded shares of Amazon.com from a "strong-buy" rating to a "moderate buy" rating in a research report on Monday, February 10th. Two research analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $260.65.

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.