Baystate Wealth Management adds Amazon.com (AMZN) to its portfolio

Amazon.com (AMZN) : Baystate Wealth Management added new position in Amazon.com during the most recent quarter end. The investment management firm now holds 338 shares of Amazon.com which is valued at $245,280 , the company said in a statement filed on Jul 1, 2016 with the SEC.Amazon.com makes up approximately 0.06% of Baystate Wealth Management’s portfolio.

Other Hedge Funds, Including , 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 $717.32 and hit $728 on the upside on Friday, eventually ending the session at $725.68, with a gain of 1.41% or 10.06 points. The heightened volatility saw the trading volume jump to 29,20,423 shares. Company has a market cap of $342,396 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. Maxim Group Initiated Amazon.com on Jun 23, 2016 to “Buy”, Price Target of the shares are set at $825.Company shares were Reiterated by MKM Partners on Jun 1, 2016 to “Buy”, Firm has raised the Price Target to $ 850 from a previous price target of $800 .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 .

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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