Park Avenue Institutional Advisers Lowers stake in Amazon.com (AMZN)

Amazon.com (AMZN) : Park Avenue Institutional Advisers reduced its stake in Amazon.com by 2.73% during the most recent quarter end. The investment management company now holds a total of 2,422 shares of Amazon.com which is valued at $1.7 Million after selling 68 shares in Amazon.com , the firm said in a disclosure report filed with the SEC on May 12, 2016.Amazon.com makes up approximately 1.50% of Park Avenue Institutional Advisers’s portfolio.

Other Hedge Funds, Including , Ubs Asset Management Americas Inc boosted its stake in AMZN in the latest quarter, The investment management firm added 69,540 additional shares and now holds a total of 1,846,172 shares of Amazon.com which is valued at $1,310.6 Million. Amazon.com makes up approx 1.56% of Ubs Asset Management Americas Inc’s portfolio.Moors Cabot boosted its stake in AMZN in the latest quarter, The investment management firm added 1,384 additional shares and now holds a total of 2,810 shares of Amazon.com which is valued at $2 Million. Amazon.com makes up approx 0.36% of Moors Cabot’s portfolio.Whittier Trust Co Of Nevada Inc reduced its stake in AMZN by selling 50 shares or 0.27% in the most recent quarter. The Hedge Fund company now holds 18,324 shares of AMZN which is valued at $12.1 Million. Amazon.com makes up approx 1.40% of Whittier Trust Co Of Nevada Inc’s portfolio. Trutina Financial sold out all of its stake in AMZN during the most recent quarter. The investment firm sold 330 shares of AMZN which is valued $217,665.

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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