Reilly Herbert Faulkner Iii Lowers stake in Amazon.com (AMZN)

Amazon.com (AMZN) : Reilly Herbert Faulkner Iii reduced its stake in Amazon.com by 1.41% during the most recent quarter end. The investment management company now holds a total of 9,604 shares of Amazon.com which is valued at $6.8 Million after selling 137 shares in Amazon.com , the firm said in a disclosure report filed with the SEC on May 13, 2016.Amazon.com makes up approximately 4.97% of Reilly Herbert Faulkner Iii’s portfolio.

Other Hedge Funds, Including , Wellington Management Group Llp reduced its stake in AMZN by selling 675,365 shares or 13.94% in the most recent quarter. The Hedge Fund company now holds 4,169,224 shares of AMZN which is valued at $2,959.8 Million. Amazon.com makes up approx 0.78% of Wellington Management Group Llp’s portfolio.Adell Harriman Carpenter Inc reduced its stake in AMZN by selling 1,346 shares or 11.28% in the most recent quarter. The Hedge Fund company now holds 10,582 shares of AMZN which is valued at $7.5 Million. Amazon.com makes up approx 2.04% of Adell Harriman Carpenter Inc’s portfolio. Ci Investments added AMZN to its portfolio by purchasing 81,300 company shares during the most recent quarter which is valued at $54.8 Million. Amazon.com makes up approx 0.70% of Ci Investments’s portfolio.Wellington Shields Capital Management boosted its stake in AMZN in the latest quarter, The investment management firm added 2,123 additional shares and now holds a total of 6,396 shares of Amazon.com which is valued at $4.3 Million. Amazon.com makes up approx 0.74% of Wellington Shields Capital Management’s portfolio.Nisa Investment Advisors L.l.c. reduced its stake in AMZN by selling 350 shares or 0.35% in the most recent quarter. The Hedge Fund company now holds 99,595 shares of AMZN which is valued at $65.7 Million. Amazon.com makes up approx 0.94% of Nisa Investment Advisors L.l.c.’s portfolio.

Amazon.com opened for trading at $708 and hit $710.86 on the upside on Wednesday, eventually ending the session at $708.35, with a gain of 0.59% or 4.15 points. The heightened volatility saw the trading volume jump to 32,76,386 shares. Company has a market cap of $334,219 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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