Columbia Asset Management buys $3,301,678 stake in Amazon.com (AMZN)

Amazon.com (AMZN) : Columbia Asset Management scooped up 15 additional shares in Amazon.com during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 8, 2016. The investment management firm now holds a total of 4,281 shares of Amazon.com which is valued at $3,301,678.Amazon.com makes up approximately 1.13% of Columbia Asset Management’s portfolio.

Other Hedge Funds, Including , Zweig-dimenna Associates boosted its stake in AMZN in the latest quarter, The investment management firm added 51,976 additional shares and now holds a total of 72,612 shares of Amazon.com which is valued at $56,001,279. Amazon.com makes up approx 5.43% of Zweig-dimenna Associates’s portfolio.Investors Capital Advisory Services boosted its stake in AMZN in the latest quarter, The investment management firm added 30 additional shares and now holds a total of 1,920 shares of Amazon.com which is valued at $1,448,909. Amazon.com makes up approx 0.28% of Investors Capital Advisory Services’s portfolio.Sumitomo Mitsui Asset Management Company Ltd reduced its stake in AMZN by selling 25 shares or 0.03% in the most recent quarter. The Hedge Fund company now holds 77,287 shares of AMZN which is valued at $58,646,148. Amazon.com makes up approx 1.72% of Sumitomo Mitsui Asset Management Company Ltd’s portfolio.Charter Trust Co boosted its stake in AMZN in the latest quarter, The investment management firm added 75 additional shares and now holds a total of 1,672 shares of Amazon.com which is valued at $1,246,844. Amazon.com makes up approx 0.14% of Charter Trust Co’s portfolio.Abner Herrman Brock boosted its stake in AMZN in the latest quarter, The investment management firm added 8 additional shares and now holds a total of 1,952 shares of Amazon.com which is valued at $1,449,614. Amazon.com makes up approx 0.34% of Abner Herrman Brock’s portfolio.

Amazon.com closed down -4.07 points or -0.53% at $768.49 with 21,18,521 shares getting traded on Monday. Post opening the session at $771.9, the shares hit an intraday low of $767.71 and an intraday high of $772.04 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Amazon.com reported $1.78 EPS for the quarter, beating the analyst consensus estimate by $ 0.66 according to the earnings call on Jul 28, 2016. Analyst had a consensus of $1.12. The company had revenue of $30404.00 million for the quarter, compared to analysts expectations of $29566.97 million. The company’s revenue was up 31.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.19 EPS.

Many Wall Street Analysts have commented on Amazon.com. Company shares were Reiterated by MKM Partners on Aug 2, 2016 to “Buy”, Firm has raised the Price Target to $ 995 from a previous price target of $850 .Company shares were Reiterated by Axiom Capital on Jul 29, 2016 to “Buy”, Firm has raised the Price Target to $ 877 from a previous price target of $853 .Company shares were Reiterated by The Benchmark Company on Jul 29, 2016 to “Buy”, Firm has raised the Price Target to $ 950 from a previous price target of $915 .

Amazon.com Inc. (Amazon.com) is an e-commerce company. The Company sells a range of products and services through its Websites. The Company’s products are offered through consumer-facing Websites which include merchandise and content that it purchases for resale from vendors and those offered by third-party sellers. It designs its Websites to enable products to be sold by the Company and by third parties across various product categories. It also manufactures and sells electronic devices including Kindle e-readers Fire tablets Fire TVs Echo and Fire phones. Amazon.com operates in two segments: North America and International. The North America segment focuses on retail sales earned through North America-focused Websites. The International segment focuses on the Company’s operations done through its international Websites. It serves developers and enterprises through Amazon Web Services (AWS). It serves authors and independent publishers with Kindle Direct Publishing.

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