Personal Capital Advisors Corp Lowers stake in Amazon.com (AMZN)

Amazon.com (AMZN) : Personal Capital Advisors Corp reduced its stake in Amazon.com by 2.01% during the most recent quarter end. The investment management company now holds a total of 30,721 shares of Amazon.com which is valued at $21,809,452 after selling 631 shares in Amazon.com , the firm said in a disclosure report filed with the SEC on May 9, 2016.Amazon.com makes up approximately 1.00% of Personal Capital Advisors Corp’s portfolio.

Other Hedge Funds, Including , Camelot Portfolios boosted its stake in AMZN in the latest quarter, The investment management firm added 133 additional shares and now holds a total of 2,291 shares of Amazon.com which is valued at $1,626,427. Amazon.com makes up approx 0.99% of Camelot Portfolios’s portfolio.Buckingham Asset Management boosted its stake in AMZN in the latest quarter, The investment management firm added 346 additional shares and now holds a total of 1,275 shares of Amazon.com which is valued at $859,286. Amazon.com makes up approx 0.28% of Buckingham Asset Management’s portfolio.Tradewinds Capital Management boosted its stake in AMZN in the latest quarter, The investment management firm added 84 additional shares and now holds a total of 1,021 shares of Amazon.com which is valued at $688,103. Amazon.com makes up approx 0.47% of Tradewinds Capital Management’s portfolio. Equitec Proprietary Markets added AMZN to its portfolio by purchasing 3,700 company shares during the most recent quarter which is valued at $2,440,483. Amazon.com makes up approx 2.70% of Equitec Proprietary Markets’s portfolio. Deltec Asset Management added AMZN to its portfolio by purchasing 7,450 company shares during the most recent quarter which is valued at $4,913,946. Amazon.com makes up approx 1.22% of Deltec Asset Management’s portfolio.

Amazon.com closed down -8.01 points or -1.12% at $709.92 with 47,63,419 shares getting traded on Friday. Post opening the session at $714.64, the shares hit an intraday low of $706.51 and an intraday high of $719.25 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

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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