Amazon.com, Inc. $AMZN Stake Cut by Pinnacle Bancorp Inc.

Key Points

• Pinnacle Bancorp cut its Amazon stake by 20.3% in the third quarter, selling 5,205 shares; it retained 20,491 shares valued at about $5.1 million.
• Amazon’s latest quarter fell slightly short of estimates, with EPS of $1.89 versus $1.97 expected and revenue of $201.94 billion versus $202.22 billion, though revenue grew 12.1% year over year.
• Analysts remain broadly positive, with a “Moderate Buy” consensus and a $321.74 average price target. AWS growth and AI opportunities support the outlook, while heavy AI spending, market weakness, and FTC advertising allegations pose risks.

Pinnacle Bancorp Inc. decreased its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 20.3% during the third quarter, according to its most recent filing with the SEC. The firm owned 20,491 shares of the e-commerce giant's stock after selling 5,205 shares during the period. Amazon.com accounts for about 1.3% of Pinnacle Bancorp Inc.'s portfolio, making the stock its 14th largest position. Pinnacle Bancorp Inc.'s holdings in Amazon.com were worth $5,105,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. TOP Private Wealth LLC. purchased a new position in Amazon.com during the second quarter valued at approximately $29,000. Bard Associates Inc. purchased a new stake in Amazon.com during the second quarter worth $32,000. Longfellow Investment Management Co. LLC purchased a new stake in Amazon.com during the second quarter worth $33,000. Atomic Invest LLC lifted its holdings in Amazon.com by 41.2% during the second quarter. Atomic Invest LLC now owns 168 shares of the e-commerce giant's stock worth $40,000 after buying an additional 49 shares during the period. Finally, Strategic Wealth Advisors LLC bought a new stake in Amazon.com during the 2nd quarter valued at $68,000. Institutional investors own 72.20% of the company's stock.

Key Stories Impacting Amazon.com

Here are the key news stories impacting Amazon.com this week:

• Positive Sentiment: AWS and AI opportunities support the long-term outlook. AWS growth has accelerated, and CEO Andy Jassy has indicated the cloud business could grow around 40% in 2027 and 2028. Amazon’s stake in Anthropic could also gain value if the AI company proceeds with a potential IPO, although the outcome is uncertain. AWS growth outlook Amazon's Anthropic investment
• Positive Sentiment: New customer and shopping features could strengthen Prime. Amazon’s Uber Eats partnership lets Prime members order restaurant meals through Amazon, while expanded Alexa shopping tools add functions for managing subscriptions, billing questions, and lists. These moves may boost engagement, though their near-term financial impact is unclear. Uber Eats partnership Alexa shopping functions
• Neutral Sentiment: Amazon plans to raise U.S. marketplace fulfillment fees by an average of 19 cents per item in 2027. The increase could help offset costs but may add pressure on sellers. Seller fee changes
• Negative Sentiment: Market-wide tech weakness and spending concerns weighed on sentiment. Amazon shares pulled back as a technology selloff erased earlier gains. Investors are also weighing Amazon’s recent earnings miss against substantial AI and data-center investment, which raises concerns about cash flow and the timing of returns—even as AWS demand remains strong. Technology selloff Earnings and spending concerns
• Negative Sentiment: FTC allegations add advertising-related regulatory risk. The FTC alleges Amazon misled advertisers about the reasons for increases in ad prices around major shopping events, potentially adding legal and reputational concerns. FTC allegations

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Guggenheim reiterated a "buy" rating and issued a $320.00 price target on shares of Amazon.com in a report on Friday, October 30th. Oppenheimer restated an "outperform" rating on shares of Amazon.com in a research note on Friday, July 31st. Raymond James Financial reaffirmed an "outperform" rating and set a $250.00 price objective on shares of Amazon.com in a research report on Friday, October 30th. Mizuho lifted their target price on Amazon.com from $330.00 to $335.00 and gave the company an "outperform" rating in a research note on Friday, October 30th. Finally, Rosenblatt Securities reiterated a "buy" rating and issued a $360.00 target price on shares of Amazon.com in a report on Friday, October 30th. Two equities research analysts have rated the stock with a Strong Buy rating, fifty-five have given a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $321.74.

Amazon.com Stock Performance

Shares of AMZN stock opened at $260.21 on Friday. Amazon.com, Inc. has a 12-month low of $196.00 and a 12-month high of $287.20. The business's fifty day simple moving average is $253.89 and its 200-day simple moving average is $243.43. The company has a current ratio of 0.99, a quick ratio of 0.82 and a debt-to-equity ratio of 0.28. The company has a market cap of $2.81 trillion, a PE ratio of 21.04, a PEG ratio of 2.02 and a beta of 1.49.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings data on Thursday, October 29th. The e-commerce giant reported $1.89 earnings per share for the quarter, missing analysts' consensus estimates of $1.97 by ($0.08). Amazon.com had a return on equity of 15.72% and a net margin of 16.90%. The business had revenue of $201.94 billion during the quarter, compared to analyst estimates of $202.22 billion. During the same period in the previous year, the business earned $1.95 EPS. The firm's revenue for the quarter was up 12.1% compared to the same quarter last year. Analysts expect that Amazon.com, Inc. will post 7.80 earnings per share for the current fiscal year.

Insider Activity at Amazon.com

In other Amazon.com news, SVP David Zapolsky sold 9,258 shares of the stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $259.77, for a total value of $2,404,950.66. Following the completion of the sale, the senior vice president directly owned 41,190 shares in the company, valued at approximately $10,699,926.30. This trade represents a 18.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Andrew Jassy sold 20,000 shares of the firm's stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $259.01, for a total value of $5,180,200.00. Following the completion of the sale, the chief executive officer directly owned 2,235,766 shares of the company's stock, valued at approximately $579,085,751.66. This represents a 0.89% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 71,589 shares of company stock worth $18,545,595 over the last ninety days. Corporate insiders own 8.90% of the company's stock.

About Amazon.com

Amazon.com, Inc is a global technology and e-commerce company founded by Jeff Bezos in 1994. Originally launched as an online bookstore, the company has expanded into a broad digital marketplace offering consumer products across numerous categories, including electronics, household goods, apparel, groceries and other merchandise. Amazon also sells products under its own brands and provides logistics, fulfillment and delivery services that support its retail operations and third-party sellers.

The company's principal businesses include online and physical retail, Amazon Web Services (AWS), digital advertising, subscription services and consumer technology.

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