Pinnacle Associates Ltd. Has $101.35 Million Stake in Amazon.com, Inc. $AMZN

Key Points

• Pinnacle Associates Ltd. increased its stake in Amazon.com by 0.4%, making it their 6th largest position, with holdings worth $101.35 million.
• Insider Jeffrey P. Bezos sold over 4.27 million shares of Amazon stock for nearly $961 million, reducing his ownership slightly to approximately 897.7 million shares.
• Amazon's stock recently rose by 3.1%, reaching $228.84, following a quarterly earnings report that surpassed analyst expectations with an EPS of $1.68 and revenue of $167.70 billion.

Pinnacle Associates Ltd. raised its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 0.4% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 532,666 shares of the e-commerce giant's stock after acquiring an additional 2,002 shares during the period. Amazon.com makes up approximately 1.5% of Pinnacle Associates Ltd.'s holdings, making the stock its 6th biggest position. Pinnacle Associates Ltd.'s holdings in Amazon.com were worth $101,345,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in AMZN. Norges Bank purchased a new stake in shares of Amazon.com during the 4th quarter valued at about $27,266,582,000. GAMMA Investing LLC increased its position in shares of Amazon.com by 21,420.5% during the 1st quarter. GAMMA Investing LLC now owns 30,245,061 shares of the e-commerce giant's stock valued at $5,754,425,000 after purchasing an additional 30,104,520 shares during the last quarter. Capital World Investors increased its position in shares of Amazon.com by 36.8% during the 4th quarter. Capital World Investors now owns 65,709,496 shares of the e-commerce giant's stock valued at $14,416,078,000 after purchasing an additional 17,681,004 shares during the last quarter. Capital International Investors increased its position in shares of Amazon.com by 26.5% during the 4th quarter. Capital International Investors now owns 57,268,523 shares of the e-commerce giant's stock valued at $12,564,961,000 after purchasing an additional 12,000,745 shares during the last quarter. Finally, Northern Trust Corp increased its position in shares of Amazon.com by 14.0% during the 4th quarter. Northern Trust Corp now owns 97,076,276 shares of the e-commerce giant's stock valued at $21,297,564,000 after purchasing an additional 11,926,749 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company's stock.

Amazon.com Price Performance

Shares of NASDAQ AMZN traded down $0.2130 during midday trading on Monday, reaching $228.6270. 12,699,290 shares of the stock traded hands, compared to its average volume of 44,351,199. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.81. The stock has a market capitalization of $2.44 trillion, a PE ratio of 34.84, a P/E/G ratio of 1.54 and a beta of 1.31. Amazon.com, Inc. has a one year low of $161.38 and a one year high of $242.52. The company's 50 day moving average is $222.63 and its 200 day moving average is $207.85.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 EPS for the quarter, beating analysts' consensus estimates of $1.31 by $0.37. The firm had revenue of $167.70 billion during the quarter, compared to the consensus estimate of $161.80 billion. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%.The company's quarterly revenue was up 13.3% compared to the same quarter last year. During the same period in the prior year, the company earned $1.26 EPS. Amazon.com has set its Q3 2025 guidance at EPS. On average, equities research analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Rosenblatt Securities upped their price target on shares of Amazon.com from $288.00 to $297.00 and gave the company a "buy" rating in a research report on Friday, August 1st. Needham & Company LLC reissued a "buy" rating and issued a $265.00 target price on shares of Amazon.com in a report on Friday, August 1st. Oppenheimer reduced their target price on shares of Amazon.com from $250.00 to $245.00 and set an "outperform" rating for the company in a report on Friday, August 1st. Susquehanna increased their target price on shares of Amazon.com from $225.00 to $260.00 and gave the stock a "positive" rating in a report on Friday, August 1st. Finally, Morgan Stanley reissued an "overweight" rating and issued a $300.00 target price on shares of Amazon.com in a report on Thursday, August 14th. Two analysts have rated the stock with a Strong Buy rating, forty-six have given a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of $262.87.

Insider Activity at Amazon.com

In other news, insider Jeffrey P. Bezos sold 4,273,237 shares of the stock in a transaction that occurred on Friday, July 11th. The stock was sold at an average price of $224.81, for a total transaction of $960,666,409.97. Following the completion of the transaction, the insider directly owned 897,722,088 shares in the company, valued at approximately $201,816,902,603.28. This represents a 0.47% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last ninety days, insiders sold 25,012,284 shares of company stock worth $5,656,976,492. 10.80% of the stock is currently owned by corporate insiders.

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.