Amazon.com, Inc. (NASDAQ:AMZN) Shares Bought by Deane Retirement Strategies Inc.

Deane Retirement Strategies Inc. increased its position in Amazon.com, Inc. (NASDAQ:AMZN) by 4,528.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 15,736 shares of the e-commerce giant’s stock after buying an additional 15,396 shares during the quarter. Amazon.com comprises approximately 1.7% of Deane Retirement Strategies Inc.’s holdings, making the stock its 23rd largest position. Deane Retirement Strategies Inc.’s holdings in Amazon.com were worth $3,452,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Accordant Advisory Group Inc grew its position in Amazon.com by 400.0% in the fourth quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant’s stock worth $27,000 after buying an additional 100 shares during the last quarter. Icon Wealth Advisors LLC grew its holdings in shares of Amazon.com by 20.5% in the 3rd quarter. Icon Wealth Advisors LLC now owns 150,661 shares of the e-commerce giant’s stock worth $28,000 after acquiring an additional 25,581 shares during the last quarter. Hoese & Co LLP acquired a new stake in shares of Amazon.com during the third quarter worth $37,000. Bull Oak Capital LLC acquired a new stake in shares of Amazon.com during the third quarter worth $45,000. Finally, Values First Advisors Inc. purchased a new stake in shares of Amazon.com during the third quarter valued at $56,000. Institutional investors own 72.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on AMZN shares. Bank of America boosted their price objective on Amazon.com from $210.00 to $230.00 and gave the stock a “buy” rating in a report on Friday, November 1st. DA Davidson boosted their price target on shares of Amazon.com from $235.00 to $280.00 and gave the company a “buy” rating in a report on Friday, February 7th. HSBC raised their price objective on shares of Amazon.com from $225.00 to $270.00 and gave the stock a “buy” rating in a research note on Monday, January 13th. Benchmark boosted their target price on shares of Amazon.com from $215.00 to $265.00 and gave the company a “buy” rating in a research note on Tuesday, February 4th. Finally, Wedbush reaffirmed an “outperform” rating and issued a $280.00 target price on shares of Amazon.com in a research report on Friday, February 7th. Two equities research analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Amazon.com has an average rating of “Moderate Buy” and an average price target of $260.74.

Insider Activity

In other news, CEO Douglas J. Herrington sold 3,500 shares of Amazon.com stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $210.00, for a total transaction of $735,000.00. Following the sale, the chief executive officer now owns 524,567 shares of the company’s stock, valued at approximately $110,159,070. This trade represents a 0.66 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jonathan Rubinstein sold 4,351 shares of the company’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $229.85, for a total value of $1,000,077.35. Following the completion of the transaction, the director now owns 88,203 shares of the company’s stock, valued at $20,273,459.55. The trade was a 4.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 50,611 shares of company stock valued at $11,122,402. Insiders own 10.80% of the company’s stock.

Amazon.com Price Performance

Shares of NASDAQ:AMZN opened at $226.45 on Wednesday. The company has a market cap of $2.38 trillion, a price-to-earnings ratio of 40.95, a PEG ratio of 1.36 and a beta of 1.15. The business has a 50 day moving average price of $228.26 and a 200 day moving average price of $202.87. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.21. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve month high of $242.52.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share for the quarter, beating the consensus estimate of $1.52 by $0.34. Amazon.com had a return on equity of 25.49% and a net margin of 9.29%. Research analysts predict that Amazon.com, Inc. will post 6.24 earnings per share for the current year.

Amazon.com Profile

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.