Harding Loevner Lp Lowers stake in Amazon.com (AMZN)

Amazon.com (AMZN) : Harding Loevner Lp reduced its stake in Amazon.com by 0.59% during the most recent quarter end. The investment management company now holds a total of 341,656 shares of Amazon.com which is valued at $251,482,732 after selling 2,016 shares in Amazon.com , the firm said in a disclosure report filed with the SEC on Jul 15, 2016.Amazon.com makes up approximately 1.89% of Harding Loevner Lp’s portfolio.

Other Hedge Funds, Including , Nisa Investment Advisors boosted its stake in AMZN in the latest quarter, The investment management firm added 4,385 additional shares and now holds a total of 103,980 shares of Amazon.com which is valued at $76,536,559. Amazon.com makes up approx 1.00% of Nisa Investment Advisors’s portfolio.Trust Department Mb Financial Bank N A boosted its stake in AMZN in the latest quarter, The investment management firm added 69 additional shares and now holds a total of 14,241 shares of Amazon.com which is valued at $10,482,373. Amazon.com makes up approx 1.13% of Trust Department Mb Financial Bank N A’s portfolio.Atria Investments reduced its stake in AMZN by selling 327 shares or 8.23% in the most recent quarter. The Hedge Fund company now holds 3,647 shares of AMZN which is valued at $2,708,372. Amazon.com makes up approx 0.29% of Atria Investments’s portfolio.Gulf International Bank (uk) Ltd boosted its stake in AMZN in the latest quarter, The investment management firm added 1,300 additional shares and now holds a total of 121,113 shares of Amazon.com which is valued at $89,942,147. Amazon.com makes up approx 1.47% of Gulf International Bank (uk) Ltd’s portfolio.Raymond James Trust N.a. boosted its stake in AMZN in the latest quarter, The investment management firm added 75 additional shares and now holds a total of 2,977 shares of Amazon.com which is valued at $2,220,276. Amazon.com makes up approx 0.19% of Raymond James Trust N.a.’s portfolio.

Amazon.com opened for trading at $735.49 and hit $741.5954 on the upside on Monday, eventually ending the session at $736.07, with a gain of 0.09% or 0.63 points. The heightened volatility saw the trading volume jump to 29,54,914 shares. Company has a market cap of $347,298 M.

On the company’s financial health, Amazon.com reported $1.07 EPS for the quarter, beating the analyst consensus estimate by $ 0.47 according to the earnings call on Apr 28, 2016. Analyst had a consensus of $0.60. The company had revenue of $29128.00 million for the quarter.The company’s revenue was up 28.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.12 EPS.

Many Wall Street Analysts have commented on Amazon.com. Company shares were Reiterated by The Benchmark Company on Jul 13, 2016 to “Buy”, Firm has raised the Price Target to $ 915 from a previous price target of $750 .Company shares were Reiterated by Axiom Capital on Jul 11, 2016 to “Buy”, Firm has raised the Price Target to $ 853 from a previous price target of $811 .Company shares were Reiterated by SunTrust on Jul 6, 2016 to “Neutral”, Firm has raised the Price Target to $ 775 from a previous price target of $710 .

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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