Deane Retirement Strategies Inc. Buys 8,913 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Deane Retirement Strategies Inc. grew its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 56.6% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 24,649 shares of the e-commerce giant's stock after purchasing an additional 8,913 shares during the period. Amazon.com comprises approximately 2.2% of Deane Retirement Strategies Inc.'s investment portfolio, making the stock its 16th largest position. Deane Retirement Strategies Inc.'s holdings in Amazon.com were worth $4,693,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in AMZN. Tallon Kerry Patrick acquired a new stake in shares of Amazon.com in the 4th quarter valued at approximately $800,000. Capital & Planning LLC boosted its position in Amazon.com by 72.1% during the 4th quarter. Capital & Planning LLC now owns 3,902 shares of the e-commerce giant's stock worth $856,000 after buying an additional 1,635 shares during the period. LaFleur & Godfrey LLC boosted its position in Amazon.com by 1.8% during the 4th quarter. LaFleur & Godfrey LLC now owns 49,407 shares of the e-commerce giant's stock worth $10,839,000 after buying an additional 860 shares during the period. Brighton Jones LLC boosted its position in Amazon.com by 10.9% during the 4th quarter. Brighton Jones LLC now owns 4,036,091 shares of the e-commerce giant's stock worth $885,478,000 after buying an additional 397,007 shares during the period. Finally, Union Bancaire Privee UBP SA acquired a new stake in Amazon.com during the 4th quarter worth approximately $301,650,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on AMZN shares. Scotiabank cut their target price on shares of Amazon.com from $306.00 to $250.00 and set a "sector outperform" rating on the stock in a research report on Monday, April 21st. Needham & Company LLC reiterated a "buy" rating and set a $220.00 target price on shares of Amazon.com in a research report on Friday, May 2nd. Evercore ISI cut their target price on shares of Amazon.com from $270.00 to $260.00 and set an "outperform" rating on the stock in a research report on Friday, May 2nd. Citizens Jmp lowered their price target on shares of Amazon.com from $285.00 to $240.00 and set an "outperform" rating for the company in a report on Monday, April 14th. Finally, Stifel Nicolaus lowered their price target on shares of Amazon.com from $248.00 to $245.00 and set a "buy" rating for the company in a report on Friday, May 2nd. Four investment analysts have rated the stock with a hold rating and forty-four have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $245.64.

Amazon.com Stock Up 2.4%

AMZN stock traded up $5.13 during midday trading on Thursday, reaching $217.12. 50,365,224 shares of the company's stock traded hands, compared to its average volume of 41,982,569. The company has a market cap of $2.31 trillion, a price-to-earnings ratio of 35.36, a P/E/G ratio of 1.60 and a beta of 1.33. The firm's fifty day moving average price is $200.35 and its 200-day moving average price is $209.09. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.17. Amazon.com, Inc. has a 52 week low of $151.61 and a 52 week high of $242.52.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 EPS for the quarter, beating analysts' consensus estimates of $1.38 by $0.21. The business had revenue of $155.67 billion during the quarter, compared to analyst estimates of $154.96 billion. Amazon.com had a net margin of 10.14% and a return on equity of 24.14%. Amazon.com's quarterly revenue was up 8.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.98 EPS. As a group, sell-side analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Insider Transactions at Amazon.com

In other Amazon.com news, CEO Douglas J. Herrington sold 2,500 shares of the stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $204.98, for a total value of $512,450.00. Following the completion of the sale, the chief executive officer now owns 517,050 shares in the company, valued at approximately $105,984,909. This trade represents a 0.48% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Andrew R. Jassy sold 19,872 shares of the stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $201.30, for a total value of $4,000,233.60. Following the sale, the chief executive officer now directly owns 2,148,694 shares of the company's stock, valued at $432,532,102.20. The trade was a 0.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 102,037 shares of company stock worth $20,531,075 in the last quarter. 9.70% 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.