Cim adds Amazon.com (AMZN) to its portfolio

Amazon.com (AMZN) : Cim added new position in Amazon.com during the most recent quarter end. The investment management firm now holds 5,463 shares of Amazon.com which is valued at $4,495,830 , the company said in a statement filed on Oct 17, 2016 with the SEC.Amazon.com makes up approximately 2.15% of Cim’s portfolio.

Other Hedge Funds, Including , Ronald Blue Co reduced its stake in AMZN by selling 291 shares or 39.97% in the most recent quarter. The Hedge Fund company now holds 437 shares of AMZN which is valued at $359,634. Amazon.com makes up approx 0.01% of Ronald Blue Co’s portfolio.Gulf International Bank (uk) Ltd boosted its stake in AMZN in the latest quarter, The investment management firm added 1,120 additional shares and now holds a total of 122,233 shares of Amazon.com which is valued at $101,365,382. Amazon.com makes up approx 1.67% of Gulf International Bank (uk) Ltd’s portfolio.Reilly Herbert Faulkner Iii boosted its stake in AMZN in the latest quarter, The investment management firm added 43 additional shares and now holds a total of 6,373 shares of Amazon.com which is valued at $5,364,218. Amazon.com makes up approx 4.03% of Reilly Herbert Faulkner Iii’s portfolio.Cobiz Investment Management reduced its stake in AMZN by selling 54 shares or 0.52% in the most recent quarter. The Hedge Fund company now holds 10,372 shares of AMZN which is valued at $8,730,216. Amazon.com makes up approx 2.11% of Cobiz Investment Management’s portfolio.Stillwater Investment Management reduced its stake in AMZN by selling 37 shares or 0.89% in the most recent quarter. The Hedge Fund company now holds 4,113 shares of AMZN which is valued at $3,472,853. Amazon.com makes up approx 1.89% of Stillwater Investment Management’s portfolio.

Amazon.com closed down -6.32 points or -0.76% at $822.96 with 29,99,814 shares getting traded on Friday. Post opening the session at $835.08, the shares hit an intraday low of $822.96 and an intraday high of $835.74 and the price fluctuated in this range throughout the day.Shares ended Friday 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 Credit Suisse on Oct 17, 2016 to “Outperform”, Firm has raised the Price Target to $ 1050 from a previous price target of $920 .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 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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