Oakmont Corp Lowers stake in Amazon.com (AMZN)

Amazon.com (AMZN) : Oakmont Corp reduced its stake in Amazon.com by 21.71% during the most recent quarter end. The investment management company now holds a total of 39,480 shares of Amazon.com which is valued at $28 Million after selling 10,950 shares in Amazon.com , the firm said in a disclosure report filed with the SEC on May 12, 2016.Amazon.com makes up approximately 4.73% of Oakmont Corp’s portfolio.

Other Hedge Funds, Including , Credit Agricole S A reduced its stake in AMZN by selling 57,220 shares or 17.72% in the most recent quarter. The Hedge Fund company now holds 265,744 shares of AMZN which is valued at $188.7 Million. Amazon.com makes up approx 0.90% of Credit Agricole S A’s portfolio.Samsung Asset Management (new York) reduced its stake in AMZN by selling 470 shares or 8.69% in the most recent quarter. The Hedge Fund company now holds 4,940 shares of AMZN which is valued at $3.5 Million. Amazon.com makes up approx 1.61% of Samsung Asset Management (new York)’s portfolio. Stratos Wealth Partners Ltd. sold out all of its stake in AMZN during the most recent quarter. The investment firm sold 1,450 shares of AMZN which is valued $1 Million. Numeric Investors sold out all of its stake in AMZN during the most recent quarter. The investment firm sold 7,020 shares of AMZN which is valued $4.7 Million.Barton Investment Management boosted its stake in AMZN in the latest quarter, The investment management firm added 17,490 additional shares and now holds a total of 68,929 shares of Amazon.com which is valued at $45.5 Million. Amazon.com makes up approx 12.78% of Barton Investment Management’s portfolio.

Amazon.com opened for trading at $701.05 and hit $707.24 on the upside on Friday, eventually ending the session at $702.8, with a gain of 0.61% or 4.28 points. The heightened volatility saw the trading volume jump to 29,16,165 shares. Company has a market cap of $331,600,718 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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