Huntington Steele Lowers stake in Amazon.com (AMZN)

Amazon.com (AMZN) : Huntington Steele reduced its stake in Amazon.com by 0.02% during the most recent quarter end. The investment management company now holds a total of 83,749 shares of Amazon.com which is valued at $62,194,520 after selling 15 shares in Amazon.com , the firm said in a disclosure report filed with the SEC on Jul 12, 2016.Amazon.com makes up approximately 22.67% of Huntington Steele’s portfolio.

Other Hedge Funds, Including , Gateway Investment Advisers reduced its stake in AMZN by selling 11,707 shares or 4.31% in the most recent quarter. The Hedge Fund company now holds 260,014 shares of AMZN which is valued at $193,094,197. Amazon.com makes up approx 1.62% of Gateway Investment Advisers’s portfolio.Forte Capital Adv boosted its stake in AMZN in the latest quarter, The investment management firm added 210 additional shares and now holds a total of 6,119 shares of Amazon.com which is valued at $4,544,153. Amazon.com makes up approx 1.71% of Forte Capital Adv’s portfolio.Exxonmobil Investment Management Inc Tx boosted its stake in AMZN in the latest quarter, The investment management firm added 6,145 additional shares and now holds a total of 100,149 shares of Amazon.com which is valued at $74,692,126. Amazon.com makes up approx 1.56% of Exxonmobil Investment Management Inc Tx’s portfolio.Hollencrest Securities reduced its stake in AMZN by selling 1 shares or 0.01% in the most recent quarter. The Hedge Fund company now holds 7,717 shares of AMZN which is valued at $5,755,416. Amazon.com makes up approx 0.89% of Hollencrest Securities’s portfolio.Washington Trust Bank boosted its stake in AMZN in the latest quarter, The investment management firm added 16 additional shares and now holds a total of 493 shares of Amazon.com which is valued at $367,684. Amazon.com makes up approx 0.09% of Washington Trust Bank’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.

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