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

Deane Retirement Strategies Inc. lowered its position in Amazon.com, Inc. (NASDAQ:AMZN) by 98.6% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 340 shares of the e-commerce giant’s stock after selling 24,636 shares during the period. Deane Retirement Strategies Inc.’s holdings in Amazon.com were worth $63,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. PayPay Securities Corp grew its position in shares of Amazon.com by 64.6% in the second quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant’s stock valued at $32,000 after purchasing an additional 64 shares during the last quarter. Christopher J. Hasenberg Inc lifted its stake in Amazon.com by 650.0% in the 2nd quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant’s stock valued at $58,000 after buying an additional 260 shares in the last quarter. Koesten Hirschmann & Crabtree INC. acquired a new stake in Amazon.com during the 1st quarter valued at $69,000. Innealta Capital LLC purchased a new position in Amazon.com during the second quarter worth $77,000. Finally, Abich Financial Wealth Management LLC raised its holdings in shares of Amazon.com by 84.7% in the second quarter. Abich Financial Wealth Management LLC now owns 434 shares of the e-commerce giant’s stock worth $84,000 after acquiring an additional 199 shares during the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Amazon.com Stock Down 3.3 %

Shares of Amazon.com stock opened at $186.40 on Friday. Amazon.com, Inc. has a 1-year low of $131.71 and a 1-year high of $201.20. The company has a market capitalization of $1.96 trillion, a PE ratio of 44.59, a P/E/G ratio of 1.38 and a beta of 1.14. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.10 and a quick ratio of 0.88. The business has a 50-day moving average of $184.40 and a 200-day moving average of $183.65.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 EPS for the quarter, beating analysts’ consensus estimates of $1.05 by $0.18. Amazon.com had a return on equity of 21.39% and a net margin of 7.35%. The firm had revenue of $147.98 billion during the quarter, compared to the consensus estimate of $148.63 billion. As a group, equities analysts forecast that Amazon.com, Inc. will post 4.85 EPS for the current fiscal year.

Analysts Set New Price Targets

AMZN has been the topic of a number of analyst reports. Itau BBA Securities lowered Amazon.com from an “outperform” rating to a “market perform” rating and set a $186.00 price objective on the stock. in a research note on Friday, August 2nd. Needham & Company LLC reaffirmed a “buy” rating and set a $210.00 price target on shares of Amazon.com in a research note on Thursday, October 24th. BMO Capital Markets reissued an “outperform” rating and issued a $230.00 price objective on shares of Amazon.com in a research report on Thursday, September 19th. JPMorgan Chase & Co. reduced their price objective on shares of Amazon.com from $240.00 to $230.00 and set an “overweight” rating on the stock in a research note on Friday, August 2nd. Finally, Jefferies Financial Group lowered their target price on shares of Amazon.com from $235.00 to $225.00 and set a “buy” rating for the company in a research note on Friday, August 2nd. Two analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $236.76.

Insider Transactions at Amazon.com

In related news, VP Shelley Reynolds sold 3,791 shares of the company’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $181.04, for a total value of $686,322.64. Following the sale, the vice president now directly owns 121,461 shares of the company’s stock, valued at $21,989,299.44. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, VP Shelley Reynolds sold 3,791 shares of the business’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $181.04, for a total value of $686,322.64. Following the completion of the sale, the vice president now owns 121,461 shares of the company’s stock, valued at approximately $21,989,299.44. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Andrew R. Jassy sold 20,784 shares of the company’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $180.77, for a total transaction of $3,757,123.68. Following the completion of the sale, the chief executive officer now owns 2,056,534 shares in the company, valued at approximately $371,759,651.18. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 50,855 shares of company stock valued at $9,215,048. 10.80% 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.