Amazon.com, Inc. $AMZN Stock Position Reduced by Pinnacle Wealth Management LLC

Key Points

• Pinnacle Wealth Management LLC reduced its stake in Amazon.com by 28.5%, now owning 12,472 shares valued at approximately $2.37 million, making it the 8th largest position in their portfolio.
• CEO Andrew R. Jassy sold 19,872 shares of Amazon, amounting to a transaction value of over $4.4 million, while senior vice president David Zapolsky sold 13,570 shares worth about $3 million.
• Institutional investors own 72.20% of Amazon's stock, with recent increased stakes from several large investors, including a 21,420.5% boost from GAMMA Investing LLC.

Pinnacle Wealth Management LLC lessened its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 28.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,472 shares of the e-commerce giant's stock after selling 4,975 shares during the period. Amazon.com accounts for approximately 2.7% of Pinnacle Wealth Management LLC's portfolio, making the stock its 8th largest position. Pinnacle Wealth Management LLC's holdings in Amazon.com were worth $2,373,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of AMZN. Nuveen LLC acquired a new position in Amazon.com in the first quarter valued at $11,674,091,000. GAMMA Investing LLC boosted its stake in Amazon.com by 21,420.5% in the first quarter. GAMMA Investing LLC now owns 30,245,061 shares of the e-commerce giant's stock valued at $5,754,425,000 after acquiring an additional 30,104,520 shares in the last quarter. Capital World Investors boosted its stake in Amazon.com by 36.8% in the fourth quarter. Capital World Investors now owns 65,709,496 shares of the e-commerce giant's stock valued at $14,416,078,000 after acquiring an additional 17,681,004 shares in the last quarter. Capital International Investors boosted its stake in Amazon.com by 26.5% in the fourth quarter. Capital International Investors now owns 57,268,523 shares of the e-commerce giant's stock valued at $12,564,961,000 after acquiring an additional 12,000,745 shares in the last quarter. Finally, Northern Trust Corp boosted its stake in Amazon.com by 14.0% in the fourth quarter. Northern Trust Corp now owns 97,076,276 shares of the e-commerce giant's stock valued at $21,297,564,000 after acquiring an additional 11,926,749 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company's stock.

Insider Transactions at Amazon.com

In related news, CEO Andrew R. Jassy sold 19,872 shares of the firm's stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $221.58, for a total value of $4,403,237.76. Following the completion of the sale, the chief executive officer owned 2,178,502 shares in the company, valued at $482,712,473.16. This trade represents a 0.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP David Zapolsky sold 13,570 shares of the firm's stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $222.76, for a total transaction of $3,022,853.20. Following the completion of the sale, the senior vice president owned 44,110 shares of the company's stock, valued at approximately $9,825,943.60. The trade was a 23.53% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 25,097,911 shares of company stock valued at $5,676,032,574 over the last 90 days. Insiders own 9.70% of the company's stock.

Amazon.com Price Performance

Shares of NASDAQ:AMZN opened at $230.33 on Thursday. The company has a quick ratio of 0.81, a current ratio of 1.02 and a debt-to-equity ratio of 0.15. The company has a market cap of $2.46 trillion, a P/E ratio of 35.11, a PEG ratio of 1.60 and a beta of 1.30. Amazon.com, Inc. has a 52 week low of $161.38 and a 52 week high of $242.52. The company has a 50-day moving average price of $226.63 and a 200 day moving average price of $208.40.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings data 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 net margin of 10.54% and a return on equity of 23.84%. The firm's revenue was up 13.3% compared to the same quarter last year. During the same quarter last year, the firm earned $1.26 earnings per share. Amazon.com has set its Q3 2025 guidance at EPS. Research analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Analyst Upgrades and Downgrades

AMZN has been the subject of several research analyst reports. Sanford C. Bernstein set a $235.00 price objective on shares of Amazon.com and gave the company an "outperform" rating in a research note on Tuesday, July 1st. The Goldman Sachs Group reiterated a "buy" rating on shares of Amazon.com in a research note on Friday, August 1st. Evercore ISI reiterated an "outperform" rating and set a $280.00 target price on shares of Amazon.com in a research note on Wednesday, August 13th. BMO Capital Markets increased their target price on shares of Amazon.com from $270.00 to $280.00 and gave the stock an "outperform" rating in a research note on Friday, August 1st. Finally, Roth Capital set a $250.00 target price on shares of Amazon.com and gave the stock a "buy" rating in a research note on Tuesday, July 8th. Two investment analysts have rated the stock with a Strong Buy rating, forty-six have issued a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat, Amazon.com currently has an average rating of "Buy" and a consensus price target of $262.87.

About Amazon.com

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.

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