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

Pinnacle Wealth Management Group Inc. lifted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 7.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,960 shares of the e-commerce giant’s stock after purchasing an additional 500 shares during the period. Pinnacle Wealth Management Group Inc.’s holdings in Amazon.com were worth $585,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Dohj LLC increased its position in Amazon.com by 1.8% in the 3rd quarter. Dohj LLC now owns 24,839 shares of the e-commerce giant’s stock valued at $2,807,000 after acquiring an additional 451 shares during the period. Bassett Hargrove Investment Counsel LLC acquired a new position in Amazon.com in the 3rd quarter valued at about $2,120,000. Obermeyer Wood Investment Counsel Lllp increased its position in Amazon.com by 1.2% in the 3rd quarter. Obermeyer Wood Investment Counsel Lllp now owns 313,317 shares of the e-commerce giant’s stock valued at $35,405,000 after acquiring an additional 3,840 shares during the period. Asset Management One Co. Ltd. increased its position in Amazon.com by 0.8% in the 3rd quarter. Asset Management One Co. Ltd. now owns 4,185,666 shares of the e-commerce giant’s stock valued at $472,980,000 after acquiring an additional 32,781 shares during the period. Finally, West Coast Financial LLC acquired a new position in Amazon.com in the 3rd quarter valued at about $210,000. Institutional investors and hedge funds own 57.64% of the company’s stock.

Insider Transactions at Amazon.com

In other news, CEO Andrew R. Jassy sold 23,874 shares of the company’s stock in a transaction on Wednesday, February 15th. The stock was sold at an average price of $99.15, for a total transaction of $2,367,107.10. Following the completion of the sale, the chief executive officer now directly owns 1,964,506 shares in the company, valued at approximately $194,780,769.90. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other news, CEO Andrew R. Jassy sold 23,874 shares of the company’s stock in a transaction on Wednesday, February 15th. The stock was sold at an average price of $99.15, for a total transaction of $2,367,107.10. Following the completion of the sale, the chief executive officer now directly owns 1,964,506 shares in the company, valued at approximately $194,780,769.90. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Douglas J. Herrington sold 4,000 shares of the company’s stock in a transaction on Wednesday, March 1st. The stock was sold at an average price of $93.80, for a total value of $375,200.00. Following the sale, the chief executive officer now owns 560,298 shares of the company’s stock, valued at $52,555,952.40. The disclosure for this sale can be found here. Insiders sold a total of 71,394 shares of company stock worth $6,994,626 in the last ninety days. Insiders own 12.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. UBS Group boosted their price target on Amazon.com from $118.00 to $127.00 in a research report on Friday, February 3rd. Susquehanna boosted their target price on Amazon.com from $140.00 to $150.00 and gave the stock a “positive” rating in a research report on Friday, February 3rd. Oppenheimer boosted their target price on Amazon.com from $130.00 to $135.00 and gave the stock an “outperform” rating in a research report on Friday, February 3rd. Morgan Stanley boosted their target price on Amazon.com from $140.00 to $150.00 and gave the stock an “overweight” rating in a research report on Friday, February 3rd. Finally, New Street Research started coverage on Amazon.com in a research report on Wednesday, January 4th. They set a “buy” rating and a $130.00 target price on the stock. Two research analysts have rated the stock with a sell rating, three have given a hold rating and forty-one have issued a buy rating to the stock. Based on data from MarketBeat.com, Amazon.com has a consensus rating of “Moderate Buy” and an average target price of $144.72.

Amazon.com Trading Down 1.1 %

Shares of AMZN opened at $98.95 on Friday. The stock has a fifty day moving average of $97.01 and a two-hundred day moving average of $101.53. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.72 and a current ratio of 0.94. The company has a market capitalization of $1.01 trillion, a PE ratio of -369.20, a price-to-earnings-growth ratio of 3.97 and a beta of 1.25. Amazon.com, Inc. has a fifty-two week low of $81.43 and a fifty-two week high of $170.83.

Amazon.com (NASDAQ:AMZN – Get Rating) last issued its quarterly earnings results on Thursday, February 2nd. The e-commerce giant reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.12). The business had revenue of $149.20 billion during the quarter, compared to analyst estimates of $145.72 billion. Amazon.com had a negative net margin of 0.53% and a positive return on equity of 5.33%. The company’s revenue was up 8.6% on a year-over-year basis. During the same quarter last year, the firm posted $1.39 earnings per share. As a group, analysts forecast that Amazon.com, Inc. will post 1.34 EPS for the current year.

About Amazon.com

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Amazon.com, Inc is a multinational technology company, which engages in the provision of online retail shopping services. It operates through the following segments: North America, International, and Amazon Web Services (AWS). The North America segment is involved in the retail sales of consumer products including from sellers and subscriptions through North America-focused online and physical stores.