Amazon.com (AMZN) : Wcg Management has sold out all of its stake in Amazon.com during the most recent quarter, according to the disclosure filed by the company on Aug 1, 2016 with the SEC. The investment management company has sold out 7,160 shares of Amazon.com which is valued at $5,403,222.
Other Hedge Funds, Including , New England Investment Retirement Group reduced its stake in AMZN by selling 82 shares or 4.35% in the most recent quarter. The Hedge Fund company now holds 1,802 shares of AMZN which is valued at $1,359,861. Amazon.com makes up approx 0.79% of New England Investment Retirement Group’s portfolio.Concert Wealth Management boosted its stake in AMZN in the latest quarter, The investment management firm added 1,926 additional shares and now holds a total of 10,038 shares of Amazon.com which is valued at $7,616,935. Amazon.com makes up approx 1.00% of Concert Wealth Management’s portfolio.Harding Loevner Lp reduced its stake in AMZN by selling 2,016 shares or 0.59% in the most recent quarter. The Hedge Fund company now holds 341,656 shares of AMZN which is valued at $251,482,732. Amazon.com makes up approx 1.89% of Harding Loevner Lp’s portfolio.Chevy Chase Trust Holdings boosted its stake in AMZN in the latest quarter, The investment management firm added 7,062 additional shares and now holds a total of 377,745 shares of Amazon.com which is valued at $281,725,998. Amazon.com makes up approx 1.55% of Chevy Chase Trust Holdings’s portfolio.
Amazon.com opened for trading at $753.7 and hit $765 on the upside on Thursday, eventually ending the session at $760.77, with a gain of 0.81% or 6.13 points. The heightened volatility saw the trading volume jump to 31,78,208 shares. Company has a market cap of $360,661 M.
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.