Forte Capital Adv buys $5,132,414 stake in Amazon.com (AMZN)

Amazon.com (AMZN) : Forte Capital Adv scooped up 70 additional shares in Amazon.com during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 13, 2016. The investment management firm now holds a total of 6,189 shares of Amazon.com which is valued at $5,132,414.Amazon.com makes up approximately 1.99% of Forte Capital Adv’s portfolio.

Other Hedge Funds, Including , First Premier Bank added AMZN to its portfolio by purchasing 110 company shares during the most recent quarter which is valued at $91,221. Amazon.com makes up approx 0.07% of First Premier Bank’s portfolio.Terra Nova Asset Management boosted its stake in AMZN in the latest quarter, The investment management firm added 639 additional shares and now holds a total of 3,676 shares of Amazon.com which is valued at $3,054,756. Amazon.com makes up approx 6.79% of Terra Nova Asset Management’s portfolio.Prospera Financial Services Inc boosted its stake in AMZN in the latest quarter, The investment management firm added 135 additional shares and now holds a total of 2,797 shares of Amazon.com which is valued at $2,324,307. Amazon.com makes up approx 0.48% of Prospera Financial Services Inc’s portfolio.Pure Financial Advisors boosted its stake in AMZN in the latest quarter, The investment management firm added 49 additional shares and now holds a total of 569 shares of Amazon.com which is valued at $477,636. Amazon.com makes up approx 0.16% of Pure Financial Advisors’s portfolio.

Amazon.com closed down -10.71 points or -1.27% at $831 with 35,88,180 shares getting traded on Tuesday. Post opening the session at $841.02, the shares hit an intraday low of $828.35 and an intraday high of $841.29 and the price fluctuated in this range throughout the day.Shares ended Tuesday 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 SunTrust on Oct 5, 2016 to “Neutral”, Firm has raised the Price Target to $ 850 from a previous price target of $800 .Company shares were Reiterated by Morgan Stanley on Oct 5, 2016 to “Overweight”, Firm has raised the Price Target to $ 950 from a previous price target of $800 .Amazon.com was Initiated by Guggenheim to “Buy” on Sep 30, 2016.

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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