Amazon.com (AMZN) : Merriman Wealth Management reduced its stake in Amazon.com by 12.26% during the most recent quarter end. The investment management company now holds a total of 694 shares of Amazon.com which is valued at $434,368 after selling 97 shares in Amazon.com , the firm said in a disclosure report filed with the SEC on Apr 12, 2016.Amazon.com makes up approximately 0.40% of Merriman Wealth Management’s portfolio.
Amazon.com opened for trading at $621.92 and hit $626.77 on the upside on Friday, eventually ending the session at $625.89, with a gain of 0.83% or 5.14 points. The heightened volatility saw the trading volume jump to 28,87,681 shares. Company has a market cap of $294,695 M.
Other Hedge Funds, Including , Prospera Financial Services Inc boosted its stake in AMZN in the latest quarter, The investment management firm added 4,755 additional shares and now holds a total of 7,885 shares of Amazon.com which is valued at $4,935,143. Amazon.com makes up approx 1.09% of Prospera Financial Services Inc’s portfolio.Exxonmobil Investment Management Inc Tx boosted its stake in AMZN in the latest quarter, The investment management firm added 7,847 additional shares and now holds a total of 94,004 shares of Amazon.com which is valued at $58,836,164. Amazon.com makes up approx 1.33% of Exxonmobil Investment Management Inc Tx’s portfolio.Dnb Asset Management As boosted its stake in AMZN in the latest quarter, The investment management firm added 11,630 additional shares and now holds a total of 32,151 shares of Amazon.com which is valued at $20,122,989. Amazon.com makes up approx 0.41% of Dnb Asset Management As’s portfolio.
On the company’s financial health, Amazon.com reported $1.00 EPS for the quarter, missing the analyst consensus estimate by $ -0.58 based on the information available during the earnings call on Jan 28, 2016. Analyst had a consensus of $1.58. The company had revenue of $35747.00 million for the quarter, compared to analysts expectations of $35976.69 million. The company’s revenue was up 21.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.45 EPS.
Many Wall Street Analysts have commented on Amazon.com. Company shares were Reiterated by Stifel on Mar 29, 2016 to “Buy”, Firm has raised the Price Target to $ 775 from a previous price target of $750 .Amazon.com was Downgraded by Raymond James to ” Outperform” on Mar 22, 2016. Company shares were Upgraded by Canaccord Genuity on Feb 18, 2016 to ” Buy”, Firm has raised the Price Target to $ 750 from a previous price target of $600 .
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.