Csenge Advisory Group Increases Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Posted by Defense World Staff on Aug 3rd, 2023

Csenge Advisory Group boosted its stake in Amazon.com, Inc. (NASDAQ:AMZN – Free Report) by 0.9% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 75,952 shares of the e-commerce giant’s stock after purchasing an additional 679 shares during the quarter. Csenge Advisory Group’s holdings in Amazon.com were worth $7,845,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Kavar Capital Partners Group LLC raised its position in shares of Amazon.com by 7.6% during the 1st quarter. Kavar Capital Partners Group LLC now owns 1,121 shares of the e-commerce giant’s stock valued at $3,654,000 after buying an additional 79 shares in the last quarter. IFM Investors Pty Ltd raised its position in shares of Amazon.com by 21.8% during the 1st quarter. IFM Investors Pty Ltd now owns 72,911 shares of the e-commerce giant’s stock valued at $237,686,000 after buying an additional 13,060 shares in the last quarter. Ironwood Wealth Management LLC. raised its position in shares of Amazon.com by 0.8% during the 1st quarter. Ironwood Wealth Management LLC. now owns 1,810 shares of the e-commerce giant’s stock valued at $5,901,000 after buying an additional 15 shares in the last quarter. Markel Corp raised its position in shares of Amazon.com by 0.6% during the 1st quarter. Markel Corp now owns 99,068 shares of the e-commerce giant’s stock valued at $322,956,000 after buying an additional 550 shares in the last quarter. Finally, Leelyn Smith LLC raised its position in shares of Amazon.com by 24.8% during the 1st quarter. Leelyn Smith LLC now owns 2,721 shares of the e-commerce giant’s stock valued at $8,870,000 after buying an additional 540 shares in the last quarter. Hedge funds and other institutional investors own 56.67% of the company’s stock.

Amazon.com Stock Performance

NASDAQ:AMZN opened at $128.21 on Thursday. The company’s 50-day moving average price is $127.67 and its 200-day moving average price is $110.59. The company has a current ratio of 0.92, a quick ratio of 0.69 and a debt-to-equity ratio of 0.43. The company has a market cap of $1.32 trillion, a P/E ratio of 305.26, a P/E/G ratio of 2.55 and a beta of 1.26. Amazon.com, Inc. has a twelve month low of $81.43 and a twelve month high of $146.57.

Insider Transactions at Amazon.com

In other news, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction dated Monday, July 24th. The shares were sold at an average price of $129.48, for a total value of $64,740.00. Following the transaction, the chief executive officer now directly owns 149,780 shares of the company’s stock, valued at $19,393,514.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, VP Shelley Reynolds sold 3,100 shares of the firm’s stock in a transaction dated Monday, May 22nd. The shares were sold at an average price of $115.60, for a total value of $358,360.00. Following the transaction, the vice president now directly owns 119,780 shares of the company’s stock, valued at $13,846,568. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction dated Monday, July 24th. The stock was sold at an average price of $129.48, for a total transaction of $64,740.00. Following the transaction, the chief executive officer now directly owns 149,780 shares in the company, valued at $19,393,514.40. The disclosure for this sale can be found here. Over the last three months, insiders have sold 69,305 shares of company stock valued at $8,072,608. Corporate insiders own 12.70% of the company’s stock.

Analyst Upgrades and Downgrades

AMZN has been the topic of several recent research reports. Telsey Advisory Group upped their target price on shares of Amazon.com from $125.00 to $145.00 and gave the company an “outperform” rating in a research report on Wednesday, July 12th. Rosenblatt Securities upped their price target on shares of Amazon.com from $106.00 to $111.00 in a report on Friday, April 28th. Bank of America upped their target price on shares of Amazon.com from $139.00 to $154.00 in a research note on Monday, June 12th. Loop Capital upped their target price on shares of Amazon.com from $140.00 to $180.00 in a research note on Thursday, June 22nd. Finally, Credit Suisse Group upped their target price on shares of Amazon.com from $142.00 to $176.00 and gave the stock an “outperform” rating in a research note on Monday. Three investment analysts have rated the stock with a hold rating and thirty-nine have given a buy rating to the company’s stock. Based on data from MarketBeat, Amazon.com presently has a consensus rating of “Moderate Buy” and an average price target of $144.56.

Check Out Our Latest Research Report on AMZN

Amazon.com Company Profile

(Free Report)

Amazon.com, Inc engages in the retail sale of consumer products and subscriptions through online and physical stores in North America and internationally. It operates through three segments: North America, International, and Amazon Web Services (AWS). The company's products offered through its stores include merchandise and content purchased for resale; and products offered by third-party sellers.