Geneva Advisors Lowers stake in Amazon.com (AMZN)

Amazon.com (AMZN) : Geneva Advisors reduced its stake in Amazon.com by 1.31% during the most recent quarter end. The investment management company now holds a total of 242,708 shares of Amazon.com which is valued at $163,573,057 after selling 3,229 shares in Amazon.com , the firm said in a disclosure report filed with the SEC on May 3, 2016.Amazon.com makes up approximately 3.28% of Geneva Advisors’s portfolio.

Other Hedge Funds, Including , Riverpark Capital Management added AMZN to its portfolio by purchasing 3,154 company shares during the most recent quarter which is valued at $2,125,638. Amazon.com makes up approx 1.25% of Riverpark Capital Management’s portfolio.Tiemann Investment Advisors boosted its stake in AMZN in the latest quarter, The investment management firm added 80 additional shares and now holds a total of 1,029 shares of Amazon.com which is valued at $693,495. Amazon.com makes up approx 0.69% of Tiemann Investment Advisors’s portfolio.Oppenheimer Co Inc reduced its stake in AMZN by selling 92 shares or 0.26% in the most recent quarter. The Hedge Fund company now holds 35,884 shares of AMZN which is valued at $23,668,728. Amazon.com makes up approx 0.71% of Oppenheimer Co Inc’s portfolio.Delta Asset Managementtn boosted its stake in AMZN in the latest quarter, The investment management firm added 5 additional shares and now holds a total of 351 shares of Amazon.com which is valued at $231,516. Amazon.com makes up approx 0.04% of Delta Asset Managementtn’s portfolio.Lebenthal Holdingsllc boosted its stake in AMZN in the latest quarter, The investment management firm added 1,094 additional shares and now holds a total of 4,505 shares of Amazon.com which is valued at $2,795,353. Amazon.com makes up approx 0.48% of Lebenthal Holdingsllc’s portfolio.

Amazon.com opened for trading at $694 and hit $704.55 on the upside on Tuesday, eventually ending the session at $703.07, with a gain of 3.43% or 23.32 points. The heightened volatility saw the trading volume jump to 61,05,570 shares. Company has a market cap of $331,728 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 Axiom Capital on Apr 29, 2016 to “Buy”, Firm has raised the Price Target to $ 811 from a previous price target of $797 .Company shares were Reiterated by UBS on Apr 29, 2016 to “Buy”, Firm has raised the Price Target to $ 785 from a previous price target of $720 .Company shares were Reiterated by Mizuho on Apr 29, 2016 to “Buy”, Firm has raised the Price Target to $ 810 from a previous price target of $685 .

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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