5,205 Amazon.com, Inc. $AMZN Shares Sold by Pinnacle Bancorp Inc.

Pinnacle Bancorp Inc. decreased its position in Amazon.com, Inc. (NASDAQ:AMZN) by 20.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,491 shares of the e-commerce giant’s stock after selling 5,205 shares during the period. Amazon.com makes up about 1.3% of Pinnacle Bancorp Inc.’s portfolio, making the stock its 14th biggest holding. Pinnacle Bancorp Inc.’s holdings in Amazon.com were worth $5,105,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Cypress Wealth Services LLC raised its holdings in shares of Amazon.com by 1.6% during the third quarter. Cypress Wealth Services LLC now owns 34,897 shares of the e-commerce giant’s stock worth $8,944,000 after purchasing an additional 546 shares during the last quarter. Kooman & Associates boosted its holdings in Amazon.com by 7.0% in the third quarter. Kooman & Associates now owns 4,048 shares of the e-commerce giant’s stock valued at $1,009,000 after purchasing an additional 266 shares during the last quarter. Obermeyer Wealth Partners boosted its holdings in Amazon.com by 0.7% in the third quarter. Obermeyer Wealth Partners now owns 321,227 shares of the e-commerce giant’s stock valued at $80,034,000 after purchasing an additional 2,132 shares during the last quarter. Cardinal Capital Management boosted its holdings in Amazon.com by 4.2% in the third quarter. Cardinal Capital Management now owns 4,648 shares of the e-commerce giant’s stock valued at $1,158,000 after purchasing an additional 187 shares during the last quarter. Finally, Cardinal Point Capital Management ULC grew its position in Amazon.com by 4.4% during the 3rd quarter. Cardinal Point Capital Management ULC now owns 39,791 shares of the e-commerce giant’s stock worth $9,914,000 after purchasing an additional 1,694 shares during the period. Institutional investors and hedge funds own 72.20% of the company’s stock.

Amazon.com News Roundup

Here are the key news stories impacting Amazon.com this week:

• Positive Sentiment: AWS and AI opportunities support the long-term outlook. AWS growth has accelerated, and CEO Andy Jassy has indicated the cloud business could grow around 40% in 2027 and 2028. Amazon’s stake in Anthropic could also gain value if the AI company proceeds with a potential IPO, although the outcome is uncertain. AWS growth outlook Amazon’s Anthropic investment
• Positive Sentiment: New customer and shopping features could strengthen Prime. Amazon’s Uber Eats partnership lets Prime members order restaurant meals through Amazon, while expanded Alexa shopping tools add functions for managing subscriptions, billing questions, and lists. These moves may boost engagement, though their near-term financial impact is unclear. Uber Eats partnership Alexa shopping functions
• Neutral Sentiment: Amazon plans to raise U.S. marketplace fulfillment fees by an average of 19 cents per item in 2027. The increase could help offset costs but may add pressure on sellers. Seller fee changes
• Negative Sentiment: Market-wide tech weakness and spending concerns weighed on sentiment. Amazon shares pulled back as a technology selloff erased earlier gains. Investors are also weighing Amazon’s recent earnings miss against substantial AI and data-center investment, which raises concerns about cash flow and the timing of returns—even as AWS demand remains strong. Technology selloff Earnings and spending concerns
• Negative Sentiment: FTC allegations add advertising-related regulatory risk. The FTC alleges Amazon misled advertisers about the reasons for increases in ad prices around major shopping events, potentially adding legal and reputational concerns. FTC allegations

Insider Transactions at Amazon.com

In related news, CEO Matthew S. Garman sold 14,541 shares of the company’s stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $259.06, for a total value of $3,766,991.46. Following the completion of the transaction, the chief executive officer owned 17,794 shares of the company’s stock, valued at approximately $4,609,713.64. This represents a 44.97% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Douglas Herrington sold 6,362 shares of the stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $259.01, for a total value of $1,647,821.62. Following the transaction, the chief executive officer owned 476,681 shares in the company, valued at $123,465,145.81. This represents a 1.32% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 71,589 shares of company stock worth $18,545,595 over the last quarter. Company insiders own 8.90% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on AMZN shares. Cantor Fitzgerald reduced their price objective on Amazon.com from $310.00 to $280.00 and set an “overweight” rating for the company in a research note on Friday, October 30th. The Goldman Sachs Group restated a “conviction-buy” rating and issued a $370.00 target price on shares of Amazon.com in a research note on Friday, October 30th. Rosenblatt Securities reaffirmed a “buy” rating and set a $360.00 target price on shares of Amazon.com in a report on Friday, October 30th. Raymond James Financial reiterated an “outperform” rating and set a $250.00 price target on shares of Amazon.com in a research report on Friday, October 30th. Finally, Scotiabank reduced their price target on Amazon.com from $325.00 to $300.00 and set a “sector outperform” rating for the company in a research report on Friday, October 30th. Two research analysts have rated the stock with a Strong Buy rating, fifty-five have issued a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $321.74.

Amazon.com Stock Down 2.2%

AMZN opened at $260.21 on Friday. Amazon.com, Inc. has a fifty-two week low of $196.00 and a fifty-two week high of $287.20. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.82 and a current ratio of 0.99. The company has a fifty day moving average of $253.89 and a two-hundred day moving average of $243.43. The stock has a market capitalization of $2.81 trillion, a price-to-earnings ratio of 21.04, a PEG ratio of 2.02 and a beta of 1.49.

Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, October 29th. The e-commerce giant reported $1.89 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.97 by ($0.08). Amazon.com had a return on equity of 15.72% and a net margin of 16.90%. The firm had revenue of $201.94 billion for the quarter, compared to analysts’ expectations of $202.22 billion. During the same period in the previous year, the company earned $1.95 earnings per share. The company’s revenue was up 12.1% compared to the same quarter last year. On average, research analysts expect that Amazon.com, Inc. will post 7.80 earnings per share for the current year.

Amazon.com Profile

Amazon.com, Inc is a global technology and e-commerce company founded by Jeff Bezos in 1994. Originally launched as an online bookstore, the company has expanded into a broad digital marketplace offering consumer products across numerous categories, including electronics, household goods, apparel, groceries and other merchandise. Amazon also sells products under its own brands and provides logistics, fulfillment and delivery services that support its retail operations and third-party sellers.

The company’s principal businesses include online and physical retail, Amazon Web Services (AWS), digital advertising, subscription services and consumer technology.