Oakwood Capital Managementca Lowers stake in Amazon.com (AMZN)

Amazon.com (AMZN) : Oakwood Capital Managementca reduced its stake in Amazon.com by 8.25% during the most recent quarter end. The investment management company now holds a total of 445 shares of Amazon.com which is valued at $327,818 after selling 40 shares in Amazon.com , the firm said in a disclosure report filed with the SEC on Jul 26, 2016.Amazon.com makes up approximately 0.08% of Oakwood Capital Managementca’s portfolio.

Other Hedge Funds, Including , Bourne Lent Asset Management Inc boosted its stake in AMZN in the latest quarter, The investment management firm added 30 additional shares and now holds a total of 1,150 shares of Amazon.com which is valued at $847,171. Amazon.com makes up approx 0.63% of Bourne Lent Asset Management Inc’s portfolio.Regentatlantic Capital reduced its stake in AMZN by selling 47 shares or 5.73% in the most recent quarter. The Hedge Fund company now holds 773 shares of AMZN which is valued at $576,442. Amazon.com makes up approx 0.05% of Regentatlantic Capital’s portfolio.Stillwater Capital Advisors reduced its stake in AMZN by selling 295 shares or 46.46% in the most recent quarter. The Hedge Fund company now holds 340 shares of AMZN which is valued at $252,494. Amazon.com makes up approx 0.07% of Stillwater Capital Advisors’s portfolio.First American Trust Fsb reduced its stake in AMZN by selling 470 shares or 4.52% in the most recent quarter. The Hedge Fund company now holds 9,922 shares of AMZN which is valued at $7,399,927. Amazon.com makes up approx 2.58% of First American Trust Fsb’s portfolio.

Amazon.com opened for trading at $765 and hit $766 on the upside on Friday, eventually ending the session at $758.81, with a gain of 0.82% or 6.2 points. The heightened volatility saw the trading volume jump to 67,77,050 shares. Company has a market cap of $358,028 M.

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 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 .Company shares were Reiterated by Canaccord Genuity on Jul 29, 2016 to “Buy”, Firm has raised the Price Target to $ 825 from a previous price target of $765 .

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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