Gerstein Fisher Lowers stake in Amazon.com (AMZN)

Amazon.com (AMZN) : Gerstein Fisher reduced its stake in Amazon.com by 11.36% during the most recent quarter end. The investment management company now holds a total of 4,728 shares of Amazon.com which is valued at $3,646,423 after selling 606 shares in Amazon.com , the firm said in a disclosure report filed with the SEC on Aug 8, 2016.Amazon.com makes up approximately 0.46% of Gerstein Fisher’s portfolio.

Other Hedge Funds, Including , Geneva Advisors boosted its stake in AMZN in the latest quarter, The investment management firm added 2,257 additional shares and now holds a total of 244,965 shares of Amazon.com which is valued at $188,926,807. Amazon.com makes up approx 3.62% of Geneva Advisors’s portfolio.Artemis Investment Management Llp boosted its stake in AMZN in the latest quarter, The investment management firm added 29,739 additional shares and now holds a total of 78,829 shares of Amazon.com which is valued at $58,070,959. Amazon.com makes up approx 1.52% of Artemis Investment Management Llp’s portfolio.Cwm boosted its stake in AMZN in the latest quarter, The investment management firm added 263 additional shares and now holds a total of 475 shares of Amazon.com which is valued at $353,809. Amazon.com makes up approx 0.02% of Cwm’s portfolio.

Amazon.com closed down -4.07 points or -0.53% at $768.49 with 21,18,521 shares getting traded on Monday. Post opening the session at $771.9, the shares hit an intraday low of $767.71 and an intraday high of $772.04 and the price fluctuated in this range throughout the day.Shares ended Monday 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.

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