Garcia Hamilton Associates Lpde Lowers stake in Amazon.com (AMZN)

Amazon.com (AMZN) : Garcia Hamilton Associates Lpde reduced its stake in Amazon.com by 2.87% during the most recent quarter end. The investment management company now holds a total of 5,990 shares of Amazon.com which is valued at $4,627,634 after selling 177 shares in Amazon.com , the firm said in a disclosure report filed with the SEC on Aug 10, 2016.Amazon.com makes up approximately 2.66% of Garcia Hamilton Associates Lpde’s portfolio.

Other Hedge Funds, Including , Diamond Hill Capital Management Inc boosted its stake in AMZN in the latest quarter, The investment management firm added 61 additional shares and now holds a total of 478 shares of Amazon.com which is valued at $369,284. Acrospire Investment Management sold out all of its stake in AMZN during the most recent quarter. The investment firm sold 100 shares of AMZN which is valued $76,656.United Asset Strategies reduced its stake in AMZN by selling 2,948 shares or 50.64% in the most recent quarter. The Hedge Fund company now holds 2,873 shares of AMZN which is valued at $2,168,081. Amazon.com makes up approx 0.78% of United Asset Strategies’s portfolio.Joel Isaacson boosted its stake in AMZN in the latest quarter, The investment management firm added 85 additional shares and now holds a total of 1,082 shares of Amazon.com which is valued at $805,939. Amazon.com makes up approx 0.17% of Joel Isaacson’s portfolio.

Amazon.com closed down -7.15 points or -0.94% at $757.31 with 23,43,237 shares getting traded on Friday. Post opening the session at $761.9, the shares hit an intraday low of $756.89 and an intraday high of $762.49 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 $1.78 EPS for the quarter, beating the analyst consensus estimate by $ 0.66 according to the earnings call on Jul 28, 2016. Analyst had a consensus of $1.12. The company had revenue of $30404.00 million for the quarter, compared to analysts expectations of $29566.97 million. The company’s revenue was up 31.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.19 EPS.

Many Wall Street Analysts have commented on Amazon.com. Company shares were Reiterated by MKM Partners on Aug 2, 2016 to “Buy”, Firm has raised the Price Target to $ 995 from a previous price target of $850 .Company shares were Reiterated by Axiom Capital on Jul 29, 2016 to “Buy”, Firm has raised the Price Target to $ 877 from a previous price target of $853 .Company shares were Reiterated by The Benchmark Company on Jul 29, 2016 to “Buy”, Firm has raised the Price Target to $ 950 from a previous price target of $915 .

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.