Pinnacle Financial Partners Inc. Has $21.36 Million Stake in, Inc. (NASDAQ:AMZN)

Pinnacle Financial Partners Inc. increased its holdings in shares of, Inc. (NASDAQ:AMZN) by 0.3% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 11,282 shares of the e-commerce giant’s stock after acquiring an additional 36 shares during the quarter. comprises about 1.6% of Pinnacle Financial Partners Inc.’s holdings, making the stock its 8th largest position. Pinnacle Financial Partners Inc.’s holdings in were worth $21,364,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Enterprise Trust & Investment Co acquired a new position in in the second quarter valued at $27,000. Signet Investment Advisory Group Inc. bought a new stake in during the fourth quarter valued at $33,000. Litman Gregory Asset Management LLC bought a new stake in during the second quarter valued at $53,000. Financial Advantage Inc. acquired a new stake in during the 4th quarter worth about $45,000. Finally, Clear Investment Research LLC grew its holdings in by 27.6% during the 2nd quarter. Clear Investment Research LLC now owns 37 shares of the e-commerce giant’s stock worth $70,000 after acquiring an additional 8 shares during the period. Institutional investors and hedge funds own 55.92% of the company’s stock.

In related news, VP Shelley Reynolds sold 379 shares of the business’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $1,775.43, for a total transaction of $672,887.97. Following the transaction, the vice president now directly owns 6,307 shares in the company, valued at $11,197,637.01. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Andrew R. Jassy sold 7,308 shares of the company’s stock in a transaction dated Wednesday, July 10th. The stock was sold at an average price of $2,000.00, for a total transaction of $14,616,000.00. Following the completion of the sale, the chief executive officer now directly owns 92,614 shares of the company’s stock, valued at $185,228,000. The disclosure for this sale can be found here. Insiders sold a total of 27,714 shares of company stock valued at $51,174,807 over the last three months. 16.10% of the stock is currently owned by insiders.

AMZN has been the subject of several research analyst reports. Credit Suisse Group reissued an “outperform” rating and issued a $2,250.00 price objective (up from $2,200.00) on shares of in a research report on Wednesday, July 24th. Royal Bank of Canada restated an “outperform” rating and set a $2,600.00 target price (up previously from $2,250.00) on shares of in a research report on Tuesday, September 3rd. Cowen set a $2,500.00 target price on and gave the stock a “buy” rating in a research note on Monday, July 15th. Wedbush reiterated a “buy” rating and issued a $2,350.00 target price on shares of in a report on Monday, July 22nd. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $2,300.00 target price (up from $2,100.00) on shares of in a report on Monday, July 15th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and forty-two have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $2,259.84.

Shares of stock traded up $7.03 on Wednesday, hitting $1,827.58. The company had a trading volume of 732,183 shares, compared to its average volume of 2,993,507., Inc. has a 1 year low of $1,307.00 and a 1 year high of $2,035.80. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.84 and a current ratio of 1.10. The stock has a 50 day moving average of $1,823.48 and a 200-day moving average of $1,835.08. The stock has a market capitalization of $905.89 billion, a price-to-earnings ratio of 90.74, a P/E/G ratio of 2.37 and a beta of 1.57. (NASDAQ:AMZN) last announced its earnings results on Thursday, July 25th. The e-commerce giant reported $5.22 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $5.29 by ($0.07). had a net margin of 4.80% and a return on equity of 26.27%. The company had revenue of $63.40 billion for the quarter, compared to analysts’ expectations of $62.59 billion. During the same period in the previous year, the firm earned $5.07 EPS. The firm’s quarterly revenue was up 19.9% on a year-over-year basis. Equities analysts anticipate that, Inc. will post 24.01 earnings per share for the current year. Profile, 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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Institutional Ownership by Quarter for (NASDAQ:AMZN)

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