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

Csenge Advisory Group lowered its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 7.2% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 77,856 shares of the e-commerce giant’s stock after selling 6,018 shares during the period. Amazon.com makes up about 0.9% of Csenge Advisory Group’s portfolio, making the stock its 17th largest holding. Csenge Advisory Group’s holdings in Amazon.com were worth $17,081,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Blue Zone Wealth Advisors LLC boosted its holdings in Amazon.com by 1.9% in the 4th quarter. Blue Zone Wealth Advisors LLC now owns 27,817 shares of the e-commerce giant’s stock valued at $6,103,000 after purchasing an additional 507 shares during the period. Copperleaf Capital LLC boosted its holdings in Amazon.com by 13.5% in the 4th quarter. Copperleaf Capital LLC now owns 17,632 shares of the e-commerce giant’s stock valued at $3,868,000 after purchasing an additional 2,091 shares during the period. Waypoint Wealth Partners Inc. boosted its holdings in Amazon.com by 30.1% in the 4th quarter. Waypoint Wealth Partners Inc. now owns 13,324 shares of the e-commerce giant’s stock valued at $2,923,000 after purchasing an additional 3,080 shares during the period. Palouse Capital Management Inc. lifted its holdings in shares of Amazon.com by 25.7% during the 4th quarter. Palouse Capital Management Inc. now owns 7,986 shares of the e-commerce giant’s stock worth $1,752,000 after acquiring an additional 1,632 shares during the period. Finally, Lee Financial Co lifted its holdings in shares of Amazon.com by 10.4% during the 4th quarter. Lee Financial Co now owns 12,278 shares of the e-commerce giant’s stock worth $2,694,000 after acquiring an additional 1,155 shares during the period. Institutional investors own 72.20% of the company’s stock.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, VP Shelley Reynolds sold 8,833 shares of the firm’s stock in a transaction 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 of the company’s stock, valued at approximately $26,647,456.60. This trade represents a 6.87 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Douglas J. Herrington sold 27,500 shares of the firm’s stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $230.27, for a total transaction of $6,332,425.00. Following the completion of the transaction, the chief executive officer now directly owns 497,067 shares in the company, valued at $114,459,618.09. This trade represents a 5.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 102,298 shares of company stock valued at $22,871,828. Corporate insiders own 10.80% of the company’s stock.

Analyst Ratings Changes

AMZN has been the subject of a number of recent analyst reports. Benchmark upped their price target on shares of Amazon.com from $215.00 to $265.00 and gave the stock a “buy” rating in a report on Tuesday, February 4th. DA Davidson upped their price target on shares of Amazon.com from $235.00 to $280.00 and gave the stock a “buy” rating in a report on Friday, February 7th. JMP Securities reaffirmed a “market outperform” rating and set a $285.00 price target on shares of Amazon.com in a report on Friday, February 7th. Canaccord Genuity Group reaffirmed a “buy” rating on shares of Amazon.com in a report on Thursday, February 13th. Finally, Maxim Group upped their price target on shares of Amazon.com from $260.00 to $280.00 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 company. Based on data from MarketBeat.com, Amazon.com has an average rating of “Moderate Buy” and an average price target of $260.65.

Amazon.com Stock Up 2.1 %

Shares of NASDAQ AMZN opened at $197.95 on Monday. The firm has a market cap of $2.10 trillion, a PE ratio of 35.80, a P/E/G ratio of 1.50 and a beta of 1.19. Amazon.com, Inc. has a 12-month low of $151.61 and a 12-month high of $242.52. The company’s fifty day simple moving average is $221.65 and its 200 day simple moving average is $207.76. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share (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%. As a group, sell-side analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal 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.