Deane Retirement Strategies Inc. Acquires 76 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Deane Retirement Strategies Inc. increased its position in Amazon.com, Inc. (NASDAQ:AMZN) by 0.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,325 shares of the e-commerce giant’s stock after buying an additional 76 shares during the period. Amazon.com accounts for about 2.3% of Deane Retirement Strategies Inc.’s investment portfolio, making the stock its 11th biggest position. Deane Retirement Strategies Inc.’s holdings in Amazon.com were worth $4,565,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the company. Mainsail Asset Management LLC raised its position in Amazon.com by 15.5% during the first quarter. Mainsail Asset Management LLC now owns 7,533 shares of the e-commerce giant’s stock valued at $1,359,000 after purchasing an additional 1,013 shares during the period. Emprise Bank purchased a new stake in Amazon.com during the first quarter valued at approximately $3,349,000. jvl associates llc raised its position in Amazon.com by 7.1% during the first quarter. jvl associates llc now owns 3,203 shares of the e-commerce giant’s stock valued at $578,000 after purchasing an additional 213 shares during the period. Bath Savings Trust Co raised its position in Amazon.com by 0.4% during the first quarter. Bath Savings Trust Co now owns 90,760 shares of the e-commerce giant’s stock valued at $16,371,000 after purchasing an additional 393 shares during the period. Finally, Tompkins Financial Corp raised its position in Amazon.com by 3.8% during the first quarter. Tompkins Financial Corp now owns 74,313 shares of the e-commerce giant’s stock valued at $13,405,000 after purchasing an additional 2,737 shares during the period. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Amazon.com Stock Performance

Shares of AMZN stock opened at $186.10 on Friday. The stock has a market cap of $1.94 trillion, a PE ratio of 52.13, a price-to-earnings-growth ratio of 1.31 and a beta of 1.14. The business has a 50-day simple moving average of $182.72 and a 200-day simple moving average of $171.06. The company has a quick ratio of 0.87, a current ratio of 1.07 and a debt-to-equity ratio of 0.27. Amazon.com, Inc. has a 52-week low of $118.35 and a 52-week high of $191.70.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.15. The business had revenue of $143.31 billion during the quarter, compared to analysts’ expectations of $142.65 billion. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. The company’s revenue for the quarter was up 12.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.31 EPS. On average, equities analysts expect that Amazon.com, Inc. will post 4.72 EPS for the current year.

Insider Activity

In other news, CEO Adam Selipsky sold 500 shares of the business’s stock in a transaction dated Thursday, April 4th. The stock was sold at an average price of $184.00, for a total value of $92,000.00. Following the completion of the transaction, the chief executive officer now owns 131,600 shares of the company’s stock, valued at approximately $24,214,400. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, CEO Andrew R. Jassy sold 20,784 shares of Amazon.com stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $181.44, for a total value of $3,771,048.96. Following the completion of the transaction, the chief executive officer now owns 2,025,358 shares in the company, valued at approximately $367,480,955.52. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction dated Thursday, April 4th. The shares were sold at an average price of $184.00, for a total value of $92,000.00. Following the completion of the transaction, the chief executive officer now owns 131,600 shares of the company’s stock, valued at approximately $24,214,400. The disclosure for this sale can be found here. Insiders sold a total of 65,338 shares of company stock valued at $11,894,344 in the last quarter. 10.80% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

AMZN has been the topic of a number of recent research reports. JPMorgan Chase & Co. upped their price objective on Amazon.com from $225.00 to $240.00 and gave the company an “overweight” rating in a research report on Wednesday, May 1st. Maxim Group decreased their price objective on Amazon.com from $318.00 to $238.00 and set a “buy” rating on the stock in a research report on Wednesday, May 1st. JMP Securities reaffirmed a “market outperform” rating and set a $225.00 target price on shares of Amazon.com in a research note on Wednesday, May 1st. Telsey Advisory Group raised their price target on Amazon.com from $200.00 to $215.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 1st. Finally, Wells Fargo & Company raised their price target on Amazon.com from $217.00 to $234.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 1st. One investment analyst has rated the stock with a hold rating, forty-three have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $213.82.

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.