Pinnacle Wealth Planning Services Inc. Has $9.73 Million Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Pinnacle Wealth Planning Services Inc. trimmed its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 20.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 44,329 shares of the e-commerce giant's stock after selling 11,485 shares during the quarter. Amazon.com accounts for about 0.2% of Pinnacle Wealth Planning Services Inc.'s investment portfolio, making the stock its 12th biggest position. Pinnacle Wealth Planning Services Inc.'s holdings in Amazon.com were worth $9,725,000 as of its most recent SEC filing.

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

Amazon.com Trading Down 5.2 %

AMZN stock traded down $9.88 during mid-day trading on Thursday, reaching $181.22. 68,052,878 shares of the stock traded hands, compared to its average volume of 41,549,875. The stock's fifty day moving average is $205.37 and its 200-day moving average is $208.47. The company has a market cap of $1.92 trillion, a P/E ratio of 32.77, a P/E/G ratio of 1.50 and a beta of 1.39. The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18. Amazon.com, Inc. has a 52-week low of $151.61 and a 52-week high of $242.52.

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

Insider Buying and Selling

In other Amazon.com news, CFO Brian T. Olsavsky sold 14,620 shares of the stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $223.14, for a total value of $3,262,306.80. Following the completion of the sale, the chief financial officer now owns 49,000 shares in the company, valued at $10,933,860. This represents a 22.98 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Douglas J. Herrington sold 2,500 shares of the business's stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $187.99, for a total transaction of $469,975.00. Following the transaction, the chief executive officer now owns 509,474 shares in the company, valued at approximately $95,776,017.26. This represents a 0.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 104,798 shares of company stock valued at $23,341,803. Corporate insiders own 10.80% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on AMZN. UBS Group upped their price target on Amazon.com from $230.00 to $264.00 and gave the company a "buy" rating in a research report on Monday, December 16th. Needham & Company LLC reissued a "buy" rating and set a $250.00 target price on shares of Amazon.com in a report on Friday, February 7th. Jefferies Financial Group decreased their price target on shares of Amazon.com from $275.00 to $250.00 and set a "buy" rating for the company in a report on Monday, March 31st. Citigroup reiterated a "buy" rating on shares of Amazon.com in a research note on Thursday, April 3rd. Finally, Raymond James lifted their target price on Amazon.com from $260.00 to $275.00 in a research note on Monday, February 10th. Two investment analysts have rated the stock with a hold rating, forty-three have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $258.19.

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.