Macguire Cheswick Tuttle Investment Counsel buys $19,223,347 stake in Amazon.com (AMZN)

Amazon.com (AMZN) : Macguire Cheswick Tuttle Investment Counsel scooped up 470 additional shares in Amazon.com during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 21, 2016. The investment management firm now holds a total of 25,808 shares of Amazon.com which is valued at $19,223,347.Amazon.com makes up approximately 4.12% of Macguire Cheswick Tuttle Investment Counsel’s portfolio.

Other Hedge Funds, Including , Westwood Management Corp Il boosted its stake in AMZN in the latest quarter, The investment management firm added 23,630 additional shares and now holds a total of 46,140 shares of Amazon.com which is valued at $34,367,840. Amazon.com makes up approx 6.20% of Westwood Management Corp Il’s portfolio.Addison Capital Co reduced its stake in AMZN by selling 461 shares or 31.88% in the most recent quarter. The Hedge Fund company now holds 985 shares of AMZN which is valued at $733,687. Amazon.com makes up approx 0.64% of Addison Capital Co’s portfolio.Carroll Financial Associates boosted its stake in AMZN in the latest quarter, The investment management firm added 22 additional shares and now holds a total of 419 shares of Amazon.com which is valued at $312,457. Amazon.com makes up approx 0.05% of Carroll Financial Associates’s portfolio.Campbell Newman Asset Management Inc boosted its stake in AMZN in the latest quarter, The investment management firm added 3,789 additional shares and now holds a total of 4,682 shares of Amazon.com which is valued at $3,476,994. Amazon.com makes up approx 0.62% of Campbell Newman Asset Management Inc’s portfolio.

Amazon.com opened for trading at $745.98 and hit $753.36 on the upside on Thursday, eventually ending the session at $752.61, with a gain of 2.16% or 15.94 points. The heightened volatility saw the trading volume jump to 69,95,458 shares. Company has a market cap of $355,102 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 Goldman on Jul 21, 2016 to “Buy”, Firm has raised the Price Target to $ 900 from a previous price target of $790 .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 .

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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