Amazon.com, Inc. (NASDAQ:AMZN) Shares Acquired by Pinnacle Wealth Management Advisory Group LLC

Pinnacle Wealth Management Advisory Group LLC grew its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 9.1% in the second quarter, Holdings Channel.com reports. The institutional investor owned 1,758 shares of the e-commerce giant’s stock after buying an additional 146 shares during the quarter. Amazon.com makes up 1.4% of Pinnacle Wealth Management Advisory Group LLC’s holdings, making the stock its 19th biggest holding. Pinnacle Wealth Management Advisory Group LLC’s holdings in Amazon.com were worth $6,046,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. MRJ Capital Inc. acquired a new stake in Amazon.com during the first quarter worth about $49,000. Cowa LLC increased its position in Amazon.com by 100.0% during the first quarter. Cowa LLC now owns 20 shares of the e-commerce giant’s stock worth $68,000 after purchasing an additional 10 shares during the last quarter. Laurel Wealth Planning LLC increased its position in Amazon.com by 57.1% during the second quarter. Laurel Wealth Planning LLC now owns 22 shares of the e-commerce giant’s stock worth $76,000 after purchasing an additional 8 shares during the last quarter. Newfound Research LLC increased its position in Amazon.com by 62.5% during the second quarter. Newfound Research LLC now owns 26 shares of the e-commerce giant’s stock worth $89,000 after purchasing an additional 10 shares during the last quarter. Finally, Horan Securities Inc. increased its position in Amazon.com by 125.0% during the second quarter. Horan Securities Inc. now owns 27 shares of the e-commerce giant’s stock worth $92,000 after purchasing an additional 15 shares during the last quarter. Institutional investors and hedge funds own 57.67% of the company’s stock.

In other Amazon.com news, CEO Adam Selipsky sold 1,356 shares of the company’s stock in a transaction dated Monday, August 16th. The shares were sold at an average price of $3,283.00, for a total value of $4,451,748.00. Following the transaction, the chief executive officer now directly owns 3,082 shares in the company, valued at approximately $10,118,206. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO David H. Clark sold 243 shares of the company’s stock in a transaction dated Wednesday, July 7th. The shares were sold at an average price of $3,717.29, for a total transaction of $903,301.47. The disclosure for this sale can be found here. Insiders have sold a total of 4,463 shares of company stock worth $14,784,642 over the last 90 days. Insiders own 14.00% of the company’s stock.

Shares of AMZN opened at $3,450.00 on Wednesday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.99 and a current ratio of 1.20. The stock has a market capitalization of $1.75 trillion, a P/E ratio of 60.14, a P/E/G ratio of 2.41 and a beta of 1.14. The company’s fifty day moving average is $3,459.88 and its two-hundred day moving average is $3,334.44. Amazon.com, Inc. has a 1 year low of $2,871.00 and a 1 year high of $3,773.08.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Wednesday, July 28th. The e-commerce giant reported $15.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $12.22 by $2.90. The company had revenue of $113.08 billion for the quarter, compared to analysts’ expectations of $115.08 billion. Amazon.com had a net margin of 6.64% and a return on equity of 29.86%. Sell-side analysts predict that Amazon.com, Inc. will post 52.18 EPS for the current year.

AMZN has been the subject of several recent analyst reports. Oppenheimer cut their price objective on shares of Amazon.com from $4,400.00 to $4,200.00 and set an “outperform” rating for the company in a research report on Friday, July 30th. Stifel Nicolaus reiterated a “buy” rating on shares of Amazon.com in a research report on Friday, July 30th. BMO Capital Markets dropped their price target on shares of Amazon.com from $4,300.00 to $4,100.00 and set an “outperform” rating for the company in a research report on Friday, July 30th. Mizuho dropped their price target on shares of Amazon.com from $4,400.00 to $4,100.00 and set a “buy” rating for the company in a research report on Friday, July 30th. Finally, Evercore ISI raised their price objective on shares of Amazon.com from $4,200.00 to $4,700.00 and gave the company an “outperform” rating in a research note on Tuesday. One analyst has rated the stock with a hold rating and forty have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $4,151.30.

Amazon.com Company Profile

Amazon.com, Inc engages in the provision of online retail shopping services. It operates through the following business segments: North America, International, and Amazon Web Services (AWS). The North America segment includes retail sales of consumer products and subscriptions through North America-focused websites such as www.amazon.com and www.amazon.ca.

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Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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