Pinnacle Wealth Management Advisory Group LLC Purchases 4,175 Shares of Amazon.com, Inc. $AMZN

Key Points

• Pinnacle Wealth Management Advisory Group LLC has increased its stake in Amazon.com, Inc. by 5.9% in the first quarter, now holding 74,535 shares worth approximately $14.18 million.
• Several institutional investors have modified their Amazon holdings, including FMR LLC, which increased its position by 0.5%, now owning shares valued at over $72 billion.
• Amazon's stock recently traded down by 1.1% to $229.00, amid a market cap of $2.44 trillion and a recent earnings report showing $1.68 EPS.

Pinnacle Wealth Management Advisory Group LLC grew its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 5.9% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 74,535 shares of the e-commerce giant's stock after acquiring an additional 4,175 shares during the quarter. Amazon.com comprises about 1.3% of Pinnacle Wealth Management Advisory Group LLC's investment portfolio, making the stock its 19th biggest holding. Pinnacle Wealth Management Advisory Group LLC's holdings in Amazon.com were worth $14,181,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the stock. Patten & Patten Inc. TN boosted its holdings in shares of Amazon.com by 6.3% in the first quarter. Patten & Patten Inc. TN now owns 41,742 shares of the e-commerce giant's stock worth $7,942,000 after buying an additional 2,457 shares during the last quarter. Evermay Wealth Management LLC boosted its holdings in shares of Amazon.com by 39.5% in the first quarter. Evermay Wealth Management LLC now owns 61,108 shares of the e-commerce giant's stock worth $11,626,000 after buying an additional 17,309 shares during the last quarter. Financial Management Network Inc. boosted its holdings in shares of Amazon.com by 0.8% in the first quarter. Financial Management Network Inc. now owns 27,641 shares of the e-commerce giant's stock worth $4,844,000 after buying an additional 215 shares during the last quarter. MJT & Associates Financial Advisory Group Inc. purchased a new position in shares of Amazon.com in the first quarter worth approximately $59,000. Finally, Stonekeep Investments LLC boosted its holdings in shares of Amazon.com by 2.2% in the first quarter. Stonekeep Investments LLC now owns 13,757 shares of the e-commerce giant's stock worth $2,617,000 after buying an additional 300 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on AMZN shares. Scotiabank raised their price objective on shares of Amazon.com from $250.00 to $275.00 and gave the stock a "sector outperform" rating in a report on Tuesday, July 22nd. Oppenheimer reduced their price objective on shares of Amazon.com from $250.00 to $245.00 and set an "outperform" rating on the stock in a research report on Friday, August 1st. JMP Securities restated a "market outperform" rating and issued a $285.00 price target on shares of Amazon.com in a research report on Friday, August 1st. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Amazon.com from $230.00 to $266.00 in a research report on Tuesday, July 22nd. Finally, Roth Capital set a $250.00 price target on shares of Amazon.com and gave the stock a "buy" rating in a research report on Tuesday, July 8th. Two equities research analysts have rated the stock with a Strong Buy rating, forty-six have given a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Buy" and an average target price of $262.87.

Amazon.com Stock Down 1.1%

NASDAQ:AMZN traded down $2.60 during mid-day trading on Friday, reaching $229.00. The company's stock had a trading volume of 26,167,914 shares, compared to its average volume of 42,576,432. Amazon.com, Inc. has a 1 year low of $161.38 and a 1 year high of $242.52. The stock has a fifty day moving average of $224.25 and a 200-day moving average of $207.95. The firm has a market capitalization of $2.44 trillion, a PE ratio of 34.91, a price-to-earnings-growth ratio of 1.54 and a beta of 1.31. The company has a quick ratio of 0.81, a current ratio of 1.02 and a debt-to-equity ratio of 0.15.

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

Insider Buying and Selling

In related news, CEO Douglas J. Herrington sold 6,835 shares of the company's stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $221.62, for a total value of $1,514,772.70. Following the completion of the sale, the chief executive officer directly owned 520,507 shares of the company's stock, valued at $115,354,761.34. This represents a 1.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP David Zapolsky sold 13,570 shares of the business's stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $222.76, for a total transaction of $3,022,853.20. Following the completion of the transaction, the senior vice president owned 44,110 shares of the company's stock, valued at $9,825,943.60. This represents a 23.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 25,097,911 shares of company stock valued at $5,675,986,299 over the last quarter. 9.70% of the stock is owned by company insiders.

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.