Gateway Investment Advisers Lowers stake in Amazon.com (AMZN)

Amazon.com (AMZN) : Gateway Investment Advisers reduced its stake in Amazon.com by 4.31% during the most recent quarter end. The investment management company now holds a total of 260,014 shares of Amazon.com which is valued at $193,094,197 after selling 11,707 shares in Amazon.com , the firm said in a disclosure report filed with the SEC on Jul 12, 2016.Amazon.com makes up approximately 1.62% of Gateway Investment Advisers’s portfolio.

Other Hedge Funds, Including , Davenport Co reduced its stake in AMZN by selling 308 shares or 0.56% in the most recent quarter. The Hedge Fund company now holds 55,102 shares of AMZN which is valued at $40,920,398. Amazon.com makes up approx 0.61% of Davenport Co’s portfolio.Jacobs Coca boosted its stake in AMZN in the latest quarter, The investment management firm added 372 additional shares and now holds a total of 9,144 shares of Amazon.com which is valued at $6,790,609. Amazon.com makes up approx 1.55% of Jacobs Coca’s portfolio.Firstmerit Bank N A Trustee reduced its stake in AMZN by selling 14 shares or 2.58% in the most recent quarter. The Hedge Fund company now holds 529 shares of AMZN which is valued at $392,851. Amazon.com makes up approx 0.03% of Firstmerit Bank N A Trustee’s portfolio.Swarthmore Group Inc reduced its stake in AMZN by selling 12,000 shares or 27.92% in the most recent quarter. The Hedge Fund company now holds 30,975 shares of AMZN which is valued at $23,101,465. Amazon.com makes up approx 3.85% of Swarthmore Group Inc’s portfolio.

Amazon.com closed down -5.76 points or -0.78% at $735.44 with 31,21,385 shares getting traded on Friday. Post opening the session at $746.55, the shares hit an intraday low of $734.05 and an intraday high of $746.55 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 The Benchmark Company on Jul 13, 2016 to “Buy”, Firm has raised the Price Target to $ 915 from a previous price target of $750 .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 .

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.