Chevy Chase Trust Holdings Lowers stake in Amazon.com (AMZN)

Amazon.com (AMZN) : Chevy Chase Trust Holdings reduced its stake in Amazon.com by 0.29% during the most recent quarter end. The investment management company now holds a total of 376,663 shares of Amazon.com which is valued at $318,039,171 after selling 1,082 shares in Amazon.com , the firm said in a disclosure report filed with the SEC on Oct 5, 2016.Amazon.com makes up approximately 1.75% of Chevy Chase Trust Holdings’s portfolio.

Other Hedge Funds, Including , Private Asset Management Inc boosted its stake in AMZN in the latest quarter, The investment management firm added 27 additional shares and now holds a total of 3,276 shares of Amazon.com which is valued at $2,766,123. Amazon.com makes up approx 0.47% of Private Asset Management Inc’s portfolio.West Oak Capital boosted its stake in AMZN in the latest quarter, The investment management firm added 50 additional shares and now holds a total of 266 shares of Amazon.com which is valued at $224,600. Amazon.com makes up approx 0.16% of West Oak Capital’s portfolio.Washington Trust Bank boosted its stake in AMZN in the latest quarter, The investment management firm added 18 additional shares and now holds a total of 511 shares of Amazon.com which is valued at $431,468. Amazon.com makes up approx 0.10% of Washington Trust Bank’s portfolio. Lynch Associatesin added AMZN to its portfolio by purchasing 254 company shares during the most recent quarter which is valued at $214,467. Amazon.com makes up approx 0.09% of Lynch Associatesin’s portfolio.

Amazon.com closed down -2.71 points or -0.32% at $834.03 with 29,50,314 shares getting traded on Tuesday. Post opening the session at $840.91, the shares hit an intraday low of $830.26 and an intraday high of $842.365 and the price fluctuated in this range throughout the day.Shares ended Tuesday 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 SunTrust on Oct 5, 2016 to “Neutral”, Firm has raised the Price Target to $ 850 from a previous price target of $800 .Company shares were Reiterated by Morgan Stanley on Oct 5, 2016 to “Overweight”, Firm has raised the Price Target to $ 950 from a previous price target of $800 .Amazon.com was Initiated by Guggenheim to “Buy” on Sep 30, 2016.

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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