Vident Investment Advisory buys $17.8 Million stake in Amazon.com (AMZN)

Amazon.com (AMZN) : Vident Investment Advisory scooped up 21,160 additional shares in Amazon.com during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 23, 2016. The investment management firm now holds a total of 25,048 shares of Amazon.com which is valued at $17.8 Million.Amazon.com makes up approximately 1.24% of Vident Investment Advisory’s portfolio.

Other Hedge Funds, Including , Jacobus Wealth Management sold out all of its stake in AMZN during the most recent quarter. The investment firm sold 163 shares of AMZN which is valued $116,095.Concert Wealth Management reduced its stake in AMZN by selling 899 shares or 9.98% in the most recent quarter. The Hedge Fund company now holds 8,112 shares of AMZN which is valued at $5.7 Million. Amazon.com makes up approx 0.77% of Concert Wealth Management’s portfolio.D.a. Davidson boosted its stake in AMZN in the latest quarter, The investment management firm added 883 additional shares and now holds a total of 11,496 shares of Amazon.com which is valued at $8.2 Million. Amazon.com makes up approx 0.26% of D.a. Davidson’s portfolio.Personal Capital Advisors Corp reduced its stake in AMZN by selling 631 shares or 2.01% in the most recent quarter. The Hedge Fund company now holds 30,721 shares of AMZN which is valued at $21.8 Million. Amazon.com makes up approx 1.00% of Personal Capital Advisors Corp’s portfolio.

Amazon.com closed down -2.67 points or -0.37% at $712.24 with 22,49,164 shares getting traded on Friday. Post opening the session at $715, the shares hit an intraday low of $711.1 and an intraday high of $716.6 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

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.