Andor Capital Management L.l.c. Exits Position in Amazon.com (AMZN)

Amazon.com (AMZN) : Andor Capital Management L.l.c. has sold out all of its stake in Amazon.com during the most recent quarter, according to the disclosure filed by the company on Jul 5, 2016 with the SEC. The investment management company has sold out 60,000 shares of Amazon.com which is valued at $43,686,000.

Other Hedge Funds, Including , Stock Yards Bank Trust Co boosted its stake in AMZN in the latest quarter, The investment management firm added 1,272 additional shares and now holds a total of 10,260 shares of Amazon.com which is valued at $7,470,306. Amazon.com makes up approx 1.00% of Stock Yards Bank Trust Co’s portfolio. Baystate Wealth Management added AMZN to its portfolio by purchasing 338 company shares during the most recent quarter which is valued at $245,280. Amazon.com makes up approx 0.06% of Baystate Wealth Management’s portfolio.Cullinan Associates Inc boosted its stake in AMZN in the latest quarter, The investment management firm added 100 additional shares and now holds a total of 1,300 shares of Amazon.com which is valued at $943,384. Amazon.com makes up approx 0.08% of Cullinan Associates Inc’s portfolio.Toth Financial Advisory Corp reduced its stake in AMZN by selling 10 shares or 0.76% in the most recent quarter. The Hedge Fund company now holds 1,310 shares of AMZN which is valued at $950,641. Amazon.com makes up approx 0.29% of Toth Financial Advisory Corp’s portfolio.

Amazon.com opened for trading at $750 and hit $755.9 on the upside on Monday, eventually ending the session at $753.78, with a gain of 1.07% or 7.97 points. The heightened volatility saw the trading volume jump to 31,95,272 shares. Company has a market cap of $355,654 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 Jul 11, 2016 to “Buy”, Firm has raised the Price Target to $ 853 from a previous price target of $811 .Company shares were Reiterated by SunTrust on Jul 6, 2016 to “Neutral”, Firm has raised the Price Target to $ 775 from a previous price target of $710 .Maxim Group Initiated Amazon.com on Jun 23, 2016 to “Buy”, Price Target of the shares are set at $825.

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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