Deane Retirement Strategies Inc. Boosts Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Deane Retirement Strategies Inc. lifted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 56.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 24,649 shares of the e-commerce giant's stock after acquiring an additional 8,913 shares during the quarter. Amazon.com accounts for about 2.2% of Deane Retirement Strategies Inc.'s 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 filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the stock. Vanguard Group Inc. increased its position in shares of Amazon.com by 2.2% during the fourth quarter. Vanguard Group Inc. now owns 823,360,597 shares of the e-commerce giant's stock worth $180,637,081,000 after acquiring an additional 17,635,391 shares during the period. FMR LLC increased its position in shares of Amazon.com by 0.5% during the fourth quarter. FMR LLC now owns 328,464,225 shares of the e-commerce giant's stock worth $72,061,766,000 after acquiring an additional 1,725,664 shares during the period. Geode Capital Management LLC increased its position in shares of Amazon.com by 2.5% during the fourth quarter. Geode Capital Management LLC now owns 204,930,426 shares of the e-commerce giant's stock worth $44,837,256,000 after acquiring an additional 5,015,380 shares during the period. Price T Rowe Associates Inc. MD increased its position in shares of Amazon.com by 2.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 182,813,905 shares of the e-commerce giant's stock worth $40,107,544,000 after acquiring an additional 4,087,933 shares during the period. Finally, Norges Bank acquired a new position in shares of Amazon.com during the fourth quarter worth $27,266,582,000. Hedge funds and other institutional investors own 72.20% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently commented on AMZN. Citizens Jmp lowered their target price on shares of Amazon.com from $285.00 to $240.00 and set an "outperform" rating for the company in a research note on Monday, April 14th. Westpark Capital reiterated a "buy" rating and set a $280.00 target price on shares of Amazon.com in a research note on Friday, May 2nd. Oppenheimer boosted their target price on shares of Amazon.com from $215.00 to $250.00 and gave the stock an "outperform" rating in a research note on Friday. Telsey Advisory Group reiterated an "outperform" rating and set a $235.00 target price on shares of Amazon.com in a research note on Friday, May 2nd. Finally, JMP Securities reiterated a "market outperform" rating on shares of Amazon.com in a research note on Tuesday, May 6th. Four research analysts have rated the stock with a hold rating and forty-four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $245.53.

Insider Buying and Selling

In related news, Director Keith Brian Alexander sold 1,000 shares of the stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $210.68, for a total transaction of $210,680.00. Following the completion of the transaction, the director now directly owns 5,465 shares of the company's stock, valued at $1,151,366.20. This represents a 15.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Douglas J. Herrington sold 2,500 shares of the stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $204.98, for a total transaction of $512,450.00. Following the transaction, the chief executive officer now directly owns 517,050 shares of the company's stock, valued at $105,984,909. This represents a 0.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 102,037 shares of company stock valued at $20,531,075 over the last ninety days. Corporate insiders own 10.80% of the company's stock.

Amazon.com Price Performance

Shares of NASDAQ:AMZN opened at $209.69 on Monday. The company has a 50-day simple moving average of $198.41 and a 200-day simple moving average of $209.17. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $242.52. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.84 and a current ratio of 1.05. The stock has a market capitalization of $2.23 trillion, a price-to-earnings ratio of 34.15, a PEG ratio of 1.58 and a beta of 1.34.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its 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 analysts' expectations of $154.96 billion. Amazon.com had a net margin of 10.14% and a return on equity of 24.14%. The business's revenue was up 8.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.98 earnings per share. On average, analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current year.

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.

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