Amazon.com (AMZN) : Legal General Group Plc reduced its stake in Amazon.com by 2.13% during the most recent quarter end. The investment management company now holds a total of 1,597,923 shares of Amazon.com which is valued at $1,327,874,013 after selling 34,716 shares in Amazon.com , the firm said in a disclosure report filed with the SEC on Oct 12, 2016.Amazon.com makes up approximately 1.37% of Legal General Group Plc’s portfolio.
Other Hedge Funds, Including , Cutler Group Lp boosted its stake in AMZN in the latest quarter, The investment management firm added 2,783 additional shares and now holds a total of 8,392 shares of Amazon.com which is valued at $7,063,630. Amazon.com makes up approx 0.43% of Cutler Group Lp’s portfolio.Chevy Chase Trust Holdings reduced its stake in AMZN by selling 1,082 shares or 0.29% in the most recent quarter. The Hedge Fund company now holds 376,663 shares of AMZN which is valued at $318,039,171. Amazon.com makes up approx 1.75% of Chevy Chase Trust Holdings’s portfolio.Harbour Capital Advisors reduced its stake in AMZN by selling 93 shares or 5.78% in the most recent quarter. The Hedge Fund company now holds 1,516 shares of AMZN which is valued at $1,280,050. Amazon.com makes up approx 0.69% of Harbour Capital 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.