Ziff Brothers Investments L.l.c. Lowers stake in Amazon.com (AMZN)

Amazon.com (AMZN) : Ziff Brothers Investments L.l.c. reduced its stake in Amazon.com by 19.23% during the most recent quarter end. The investment management company now holds a total of 63,000 shares of Amazon.com which is valued at $46,557,630 after selling 15,000 shares in Amazon.com , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.Amazon.com makes up approximately 10.63% of Ziff Brothers Investments L.l.c.’s portfolio.

Other Hedge Funds, Including , Aberdeen Asset Management Plcuk boosted its stake in AMZN in the latest quarter, The investment management firm added 3,612 additional shares and now holds a total of 180,549 shares of Amazon.com which is valued at $129,827,369. Amazon.com makes up approx 0.47% of Aberdeen Asset Management Plcuk’s portfolio.Kayne Anderson Rudnick Investment Management boosted its stake in AMZN in the latest quarter, The investment management firm added 16,632 additional shares and now holds a total of 57,149 shares of Amazon.com which is valued at $44,112,170. Amazon.com makes up approx 0.56% of Kayne Anderson Rudnick Investment Management’s portfolio. Jacobson Schmitt Advisors added AMZN to its portfolio by purchasing 4,273 company shares during the most recent quarter which is valued at $3,298,243. Amazon.com makes up approx 2.73% of Jacobson Schmitt Advisors’s portfolio.Robeco Institutional Asset Management B.v. boosted its stake in AMZN in the latest quarter, The investment management firm added 16,653 additional shares and now holds a total of 236,009 shares of Amazon.com which is valued at $185,250,544. Amazon.com makes up approx 1.41% of Robeco Institutional Asset Management B.v.’s portfolio.

Amazon.com opened for trading at $761 and hit $767.74 on the upside on Monday, eventually ending the session at $760.16, with a gain of 0.50% or 3.76 points. The heightened volatility saw the trading volume jump to 43,73,408 shares. Company has a market cap of $361,203 M.

On the company’s financial health, Amazon.com reported $0.52 EPS for the quarter, missing the analyst consensus estimate by $ -0.30 based on the information available during the earnings call on Oct 27, 2016. Analyst had a consensus of $0.82. The company had revenue of $32714.00 million for the quarter, compared to analysts expectations of $32654.14 million. The company’s revenue was up 29.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.17 EPS.

Many Wall Street Analysts have commented on Amazon.com. Company shares were Reiterated by Axiom Capital on Nov 1, 2016 to “Buy”, Firm has raised the Price Target to $ 953 from a previous price target of $877 .Shares were Reiterated by RBC Capital Mkts on Oct 28, 2016 to “Outperform” and Lowered the Price Target to $ 950 from a previous price target of $1000 .Company shares were Reiterated by Canaccord Genuity on Oct 28, 2016 to “Buy”, Firm has raised the Price Target to $ 900 from a previous price target of $825 .

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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