Csenge Advisory Group Sells 6,018 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Csenge Advisory Group reduced its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 7.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 77,856 shares of the e-commerce giant’s stock after selling 6,018 shares during the period. Amazon.com accounts for about 0.9% of Csenge Advisory Group’s holdings, making the stock its 17th biggest position. Csenge Advisory Group’s holdings in Amazon.com were worth $17,081,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in AMZN. Accordant Advisory Group Inc increased its holdings in Amazon.com by 400.0% during the fourth quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant’s stock worth $27,000 after buying an additional 100 shares during the last quarter. Icon Wealth Advisors LLC increased its holdings in Amazon.com by 20.5% during the third quarter. Icon Wealth Advisors LLC now owns 150,661 shares of the e-commerce giant’s stock worth $28,000 after buying an additional 25,581 shares during the last quarter. Bull Oak Capital LLC purchased a new stake in Amazon.com during the third quarter worth about $45,000. Quattro Financial Advisors LLC increased 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 buying an additional 45 shares during the last quarter. Finally, Values First Advisors Inc. purchased a new stake in Amazon.com during the third quarter worth about $56,000. 72.20% of the stock is owned by institutional investors.

Amazon.com Trading Up 2.1 %

Shares of AMZN opened at $197.95 on Monday. The stock has a market capitalization of $2.10 trillion, a P/E ratio of 35.80, a PEG ratio of 1.50 and a beta of 1.19. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18. The firm has a fifty day simple moving average of $221.65 and a two-hundred day simple moving average of $207.76. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve month high of $242.52.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, February 6th. The e-commerce giant reported $1.86 EPS for the quarter, topping the consensus estimate of $1.52 by $0.34. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. On average, research analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current year.

Analyst Ratings Changes

A number of analysts recently issued reports on AMZN shares. Royal Bank of Canada raised their price objective on shares of Amazon.com from $255.00 to $265.00 and gave the stock an “outperform” rating in a report on Friday, February 7th. Sanford C. Bernstein boosted their price target on shares of Amazon.com from $235.00 to $265.00 and gave the company an “outperform” rating in a research report on Wednesday, December 18th. TD Cowen boosted their price target on shares of Amazon.com from $240.00 to $265.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Piper Sandler reissued an “overweight” rating and issued a $265.00 price target (up previously from $225.00) on shares of Amazon.com in a research report on Friday, February 7th. Finally, Telsey Advisory Group reissued an “outperform” rating and issued a $275.00 price target on shares of Amazon.com in a research report on Friday, February 7th. Two investment analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $260.65.

Insiders Place Their Bets

In other Amazon.com news, CEO Douglas J. Herrington sold 5,501 shares of the company’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $228.44, for a total value of $1,256,648.44. Following the completion of the transaction, the chief executive officer now directly owns 505,318 shares in the company, valued at approximately $115,434,843.92. This represents a 1.08 % 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, SVP David Zapolsky sold 19,212 shares of the company’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $217.50, for a total transaction of $4,178,610.00. Following the completion of the transaction, the senior vice president now owns 49,950 shares of the company’s stock, valued at $10,864,125. This trade represents a 27.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 102,298 shares of company stock worth $22,871,828. 10.80% of the stock is currently owned by corporate insiders.

About Amazon.com

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.