Pinnacle Financial Partners Inc Has $194.19 Million Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Pinnacle Financial Partners Inc reduced its position in Amazon.com, Inc. (NASDAQ:AMZN) by 0.7% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 885,144 shares of the e-commerce giant’s stock after selling 6,032 shares during the period. Amazon.com accounts for approximately 3.9% of Pinnacle Financial Partners Inc’s investment portfolio, making the stock its 4th largest holding. Pinnacle Financial Partners Inc’s holdings in Amazon.com were worth $194,192,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in AMZN. Accordant Advisory Group Inc grew its stake in Amazon.com by 400.0% in the fourth quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant’s stock valued at $27,000 after acquiring an additional 100 shares during the period. Icon Wealth Advisors LLC lifted its holdings in shares of Amazon.com by 20.5% in the third quarter. Icon Wealth Advisors LLC now owns 150,661 shares of the e-commerce giant’s stock valued at $28,000 after purchasing an additional 25,581 shares in the last quarter. Bull Oak Capital LLC bought a new stake in Amazon.com during the third quarter worth about $45,000. Quattro Financial Advisors LLC raised its holdings in Amazon.com by 23.8% during the fourth quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant’s stock worth $51,000 after acquiring an additional 45 shares in the last quarter. Finally, Compass Planning Associates Inc bought a new stake in Amazon.com in the fourth quarter valued at approximately $51,000. 72.20% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

AMZN has been the topic of several research reports. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $270.00 target price on shares of Amazon.com in a research report on Friday, February 7th. Benchmark increased their price target on Amazon.com from $215.00 to $265.00 and gave the company a “buy” rating in a research note on Tuesday, February 4th. Moffett Nathanson increased their price target on Amazon.com from $235.00 to $248.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Barclays raised their target price on Amazon.com from $235.00 to $265.00 and gave the stock an “overweight” rating in a research report on Friday, February 7th. Finally, Stifel Nicolaus increased their price target on Amazon.com from $245.00 to $275.00 and gave the stock a “buy” rating in a report on Friday, February 7th. Two investment analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $260.65.

Insider Buying and Selling

In other news, CEO Andrew R. Jassy sold 20,784 shares of Amazon.com stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $220.65, for a total value of $4,585,989.60. Following the completion of the transaction, the chief executive officer now owns 2,118,886 shares in the company, valued at approximately $467,532,195.90. The trade was a 0.97 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Shelley Reynolds sold 8,833 shares of the company’s stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $222.47, for a total value of $1,965,077.51. Following the transaction, the vice president now directly owns 119,780 shares in the company, valued at approximately $26,647,456.60. This represents a 6.87 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 102,298 shares of company stock worth $22,871,828. 10.80% of the stock is owned by corporate insiders.

Amazon.com Trading Up 0.6 %

Shares of NASDAQ:AMZN opened at $196.21 on Monday. The company has a market cap of $2.08 trillion, a P/E ratio of 35.48, a PEG ratio of 1.50 and a beta of 1.19. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.87. Amazon.com, Inc. has a 1 year low of $151.61 and a 1 year high of $242.52. The stock’s fifty day moving average price is $218.90 and its 200-day moving average price is $208.44.

Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share for the quarter, beating analysts’ consensus estimates of $1.52 by $0.34. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. Sell-side analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Amazon.com Profile

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.