Headinvest Exits Position in Amazon.com (AMZN)

Amazon.com (AMZN) : Headinvest has sold out all of its stake in Amazon.com during the most recent quarter, according to the disclosure filed by the company on Apr 21, 2016 with the SEC. The investment management company has sold out 309 shares of Amazon.com which is valued at $191,735.

Amazon.com closed down -10.31 points or -1.67% at $606.57 with 40,68,767 shares getting traded on Wednesday. Post opening the session at $611.8, the shares hit an intraday low of $601.28 and an intraday high of $615.95 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

Other Hedge Funds, Including , Jnba Financial Advisors reduced its stake in AMZN by selling 275 shares or 30.8% in the most recent quarter. The Hedge Fund company now holds 618 shares of AMZN which is valued at $383,469. Amazon.com makes up approx 0.14% of Jnba Financial Advisors’s portfolio.Umb Bank N Amo boosted its stake in AMZN in the latest quarter, The investment management firm added 172 additional shares and now holds a total of 10,690 shares of Amazon.com which is valued at $6,633,145. Amazon.com makes up approx 0.28% of Umb Bank N Amo’s portfolio.Charter Trust Co reduced its stake in AMZN by selling 10 shares or 0.62% in the most recent quarter. The Hedge Fund company now holds 1,597 shares of AMZN which is valued at $951,700. Amazon.com makes up approx 0.12% of Charter Trust Co’s portfolio.Waverton Investment Management Ltd reduced its stake in AMZN by selling 7,304 shares or 18.95% in the most recent quarter. The Hedge Fund company now holds 31,238 shares of AMZN which is valued at $18,615,661. Amazon.com makes up approx 1.42% of Waverton Investment Management Ltd’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.

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