First Trust Advisors Lp Lowers stake in Amazon.com (AMZN)

Amazon.com (AMZN) : First Trust Advisors Lp reduced its stake in Amazon.com by 29.12% during the most recent quarter end. The investment management company now holds a total of 623,720 shares of Amazon.com which is valued at $442,791,302 after selling 256,270 shares in Amazon.com , the firm said in a disclosure report filed with the SEC on May 10, 2016.Amazon.com makes up approximately 1.43% of First Trust Advisors Lp’s portfolio.

Other Hedge Funds, Including , Alta Park Capital Lp boosted its stake in AMZN in the latest quarter, The investment management firm added 2,000 additional shares and now holds a total of 5,300 shares of Amazon.com which is valued at $3,762,576. Amazon.com makes up approx 7.05% of Alta Park Capital Lp’s portfolio.Bruderman Asset Management boosted its stake in AMZN in the latest quarter, The investment management firm added 110 additional shares and now holds a total of 281 shares of Amazon.com which is valued at $199,488. Amazon.com makes up approx 0.07% of Bruderman Asset Management’s portfolio.Tokio Marine Asset Management Co Ltd boosted its stake in AMZN in the latest quarter, The investment management firm added 680 additional shares and now holds a total of 17,488 shares of Amazon.com which is valued at $11,786,038. Amazon.com makes up approx 1.19% of Tokio Marine Asset Management Co Ltd’s portfolio.San Francisco Sentry Investment Group (ca) boosted its stake in AMZN in the latest quarter, The investment management firm added 224 additional shares and now holds a total of 2,923 shares of Amazon.com which is valued at $1,927,982. Amazon.com makes up approx 1.15% of San Francisco Sentry Investment Group (ca)’s portfolio.Chesley Taft Associates reduced its stake in AMZN by selling 359 shares or 2.51% in the most recent quarter. The Hedge Fund company now holds 13,926 shares of AMZN which is valued at $9,185,450. Amazon.com makes up approx 0.97% of Chesley Taft Associates’s portfolio.

Amazon.com opened for trading at $710.13 and hit $713.25 on the upside on Monday, eventually ending the session at $710.66, with a gain of 0.10% or 0.74 points. The heightened volatility saw the trading volume jump to 54,32,920 shares. Company has a market cap of $335,309 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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