Csenge Advisory Group lowered its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 66.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 143 shares of the e-commerce giant’s stock after selling 284 shares during the quarter. Csenge Advisory Group’s holdings in Amazon.com were worth $228,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Kentucky Retirement Systems bought a new position in shares of Amazon.com during the 3rd quarter worth about $12,207,000. Amussen Hunsaker Associates LLC boosted its position in shares of Amazon.com by 64.0% during the 3rd quarter. Amussen Hunsaker Associates LLC now owns 2,272 shares of the e-commerce giant’s stock worth $4,551,000 after purchasing an additional 887 shares in the last quarter. M Holdings Securities Inc. boosted its position in shares of Amazon.com by 13.2% during the 3rd quarter. M Holdings Securities Inc. now owns 2,449 shares of the e-commerce giant’s stock worth $4,905,000 after purchasing an additional 286 shares in the last quarter. Banco de Sabadell S.A boosted its position in shares of Amazon.com by 7.3% during the 3rd quarter. Banco de Sabadell S.A now owns 3,675 shares of the e-commerce giant’s stock worth $7,379,000 after purchasing an additional 251 shares in the last quarter. Finally, First Heartland Consultants Inc. boosted its position in shares of Amazon.com by 1.5% during the 3rd quarter. First Heartland Consultants Inc. now owns 2,783 shares of the e-commerce giant’s stock worth $5,574,000 after purchasing an additional 41 shares in the last quarter. 55.22% of the stock is currently owned by institutional investors and hedge funds.
NASDAQ:AMZN opened at $1,712.36 on Friday. The company has a quick ratio of 0.85, a current ratio of 1.10 and a debt-to-equity ratio of 0.54. The stock has a market capitalization of $821.83 billion, a price-to-earnings ratio of 85.02, a PEG ratio of 2.33 and a beta of 1.62. Amazon.com, Inc. has a 52 week low of $1,307.00 and a 52 week high of $2,050.50.
Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, January 31st. The e-commerce giant reported $6.04 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $5.55 by $0.49. The firm had revenue of $72.38 billion during the quarter, compared to analyst estimates of $71.73 billion. Amazon.com had a net margin of 4.33% and a return on equity of 27.02%. During the same quarter last year, the business posted $2.16 EPS. Equities analysts forecast that Amazon.com, Inc. will post 26.72 earnings per share for the current year.
In other Amazon.com news, SVP Jeffrey M. Blackburn sold 2,055 shares of the stock in a transaction dated Friday, February 15th. The shares were sold at an average price of $1,616.34, for a total value of $3,321,578.70. Following the completion of the sale, the senior vice president now owns 46,596 shares in the company, valued at approximately $75,314,978.64. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Patricia Q. Stonesifer sold 1,375 shares of the stock in a transaction dated Tuesday, February 19th. The shares were sold at an average price of $1,602.00, for a total transaction of $2,202,750.00. Following the completion of the sale, the director now owns 7,861 shares of the company’s stock, valued at approximately $12,593,322. The disclosure for this sale can be found here. In the last quarter, insiders sold 5,075 shares of company stock valued at $8,180,428. Company insiders own 16.30% of the company’s stock.
AMZN has been the topic of several recent research reports. BidaskClub raised shares of Amazon.com from a “sell” rating to a “hold” rating in a research report on Friday, January 4th. Goldman Sachs Group reaffirmed a “buy” rating on shares of Amazon.com in a research report on Friday, February 1st. Citigroup reaffirmed an “in-line” rating and issued a $2,000.00 price target on shares of Amazon.com in a research report on Friday, February 1st. Royal Bank of Canada reaffirmed a “buy” rating and issued a $2,300.00 price target on shares of Amazon.com in a research report on Friday, December 21st. Finally, Morgan Stanley reaffirmed a “buy” rating on shares of Amazon.com in a research report on Monday, December 10th. Five equities research analysts have rated the stock with a hold rating and forty-three have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $2,118.63.
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Amazon.com, 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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