Pinnacle Wealth Management Advisory Group LLC Purchases 140 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Pinnacle Wealth Management Advisory Group LLC lifted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 15.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,029 shares of the e-commerce giant’s stock after purchasing an additional 140 shares during the period. Amazon.com comprises 1.0% of Pinnacle Wealth Management Advisory Group LLC’s investment portfolio, making the stock its 28th largest holding. Pinnacle Wealth Management Advisory Group LLC’s holdings in Amazon.com were worth $2,006,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Wealth Quarterback LLC acquired a new position in shares of Amazon.com in the fourth quarter worth approximately $2,313,511,000. State Street Corp lifted its stake in shares of Amazon.com by 1.2% in the fourth quarter. State Street Corp now owns 16,906,057 shares of the e-commerce giant’s stock worth $31,239,688,000 after acquiring an additional 200,105 shares during the period. Geode Capital Management LLC lifted its stake in shares of Amazon.com by 3.3% in the fourth quarter. Geode Capital Management LLC now owns 5,901,043 shares of the e-commerce giant’s stock worth $10,879,622,000 after acquiring an additional 188,730 shares during the period. Baillie Gifford & Co. lifted its stake in shares of Amazon.com by 1.3% in the fourth quarter. Baillie Gifford & Co. now owns 4,493,110 shares of the e-commerce giant’s stock worth $8,302,548,000 after acquiring an additional 56,178 shares during the period. Finally, Norges Bank acquired a new position in shares of Amazon.com in the fourth quarter worth approximately $8,070,972,000. 64.58% of the stock is currently owned by institutional investors.

In other news, Director Patricia Q. Stonesifer sold 2,200 shares of the company’s stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $2,329.44, for a total transaction of $5,124,768.00. Following the transaction, the director now owns 4,645 shares of the company’s stock, valued at approximately $10,820,248.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Andrew R. Jassy sold 6,945 shares of the company’s stock in a transaction on Monday, May 4th. The shares were sold at an average price of $2,256.50, for a total value of $15,671,392.50. Following the transaction, the chief executive officer now directly owns 93,105 shares in the company, valued at approximately $210,091,432.50. The disclosure for this sale can be found here. Insiders sold a total of 9,497 shares of company stock valued at $21,605,827 in the last 90 days. Corporate insiders own 16.10% of the company’s stock.

Shares of NASDAQ:AMZN opened at $2,401.10 on Friday. The company has a market capitalization of $1,202.24 billion, a PE ratio of 114.72, a price-to-earnings-growth ratio of 5.09 and a beta of 1.34. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.08 and a quick ratio of 0.84. The business has a fifty day moving average price of $2,339.09 and a two-hundred day moving average price of $1,993.99. Amazon.com, Inc. has a 1 year low of $1,626.03 and a 1 year high of $2,525.45.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, April 30th. The e-commerce giant reported $5.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $6.36 by ($1.35). The business had revenue of $75.45 billion during the quarter, compared to the consensus estimate of $74.15 billion. Amazon.com had a net margin of 3.56% and a return on equity of 17.83%. The firm’s revenue for the quarter was up 26.4% compared to the same quarter last year. During the same quarter last year, the company earned $7.09 EPS. Sell-side analysts anticipate that Amazon.com, Inc. will post 19.75 earnings per share for the current year.

AMZN has been the topic of a number of recent analyst reports. Cfra lifted their price objective on Amazon.com from $1,950.00 to $2,300.00 and gave the stock a “buy” rating in a research note on Friday, January 31st. Monness Crespi & Hardt boosted their price target on Amazon.com from $2,650.00 to $2,800.00 and gave the company a “buy” rating in a research note on Friday, May 1st. Benchmark boosted their price target on Amazon.com from $2,450.00 to $2,650.00 and gave the company a “buy” rating in a research note on Friday, May 1st. Citigroup boosted their price target on Amazon.com from $2,400.00 to $2,700.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Finally, Rowe boosted their price target on Amazon.com from $2,500.00 to $3,000.00 and gave the company a “positive” rating in a research note on Friday, May 1st. One research analyst has rated the stock with a sell rating, four have issued a hold rating and forty-six have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $2,538.89.

About Amazon.com

Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS) segments. It sells merchandise and content purchased for resale from third-party sellers through physical stores and online stores.

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