Garcia Hamilton Associates Lpde Lowers stake in Amazon.com (AMZN)

Amazon.com (AMZN) : Garcia Hamilton Associates Lpde reduced its stake in Amazon.com by 0.98% during the most recent quarter end. The investment management company now holds a total of 6,167 shares of Amazon.com which is valued at $4.4 Million after selling 61 shares in Amazon.com , the firm said in a disclosure report filed with the SEC on May 11, 2016.Amazon.com makes up approximately 2.56% of Garcia Hamilton Associates Lpde’s portfolio.

Other Hedge Funds, Including , Mufg Americas Holdings Corp boosted its stake in AMZN in the latest quarter, The investment management firm added 1,115 additional shares and now holds a total of 12,020 shares of Amazon.com which is valued at $8.5 Million. Amazon.com makes up approx 0.30% of Mufg Americas Holdings Corp’s portfolio.Baker Ellis Asset Management boosted its stake in AMZN in the latest quarter, The investment management firm added 2 additional shares and now holds a total of 1,042 shares of Amazon.com which is valued at $739,737. Amazon.com makes up approx 0.24% of Baker Ellis Asset Management’s portfolio.Intrust Bank Na boosted its stake in AMZN in the latest quarter, The investment management firm added 110 additional shares and now holds a total of 4,204 shares of Amazon.com which is valued at $2.8 Million. Amazon.com makes up approx 1.03% of Intrust Bank Na’s portfolio.Smith Asset Management Group Lp reduced its stake in AMZN by selling 4,400 shares or 30.99% in the most recent quarter. The Hedge Fund company now holds 9,799 shares of AMZN which is valued at $6.6 Million. Amazon.com makes up approx 0.20% of Smith Asset Management Group Lp’s portfolio.Zevin Asset Management boosted its stake in AMZN in the latest quarter, The investment management firm added 14 additional shares and now holds a total of 911 shares of Amazon.com which is valued at $613,968. Amazon.com makes up approx 0.18% of Zevin Asset Management’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.

Leave a Reply

Amazon.com - Is it time to Sell?

Top Brokerage Firms are advising their investors on Amazon.com. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.