Cypress Funds buys $28.4 Million stake in Amazon.com (AMZN)

Amazon.com (AMZN) : Cypress Funds scooped up 10,000 additional shares in Amazon.com during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 12, 2016. The investment management firm now holds a total of 40,000 shares of Amazon.com which is valued at $28.4 Million.Amazon.com makes up approximately 8.18% of Cypress Funds’s portfolio.

Other Hedge Funds, Including , Maryland Capital Management boosted its stake in AMZN in the latest quarter, The investment management firm added 24,823 additional shares and now holds a total of 25,319 shares of Amazon.com which is valued at $18 Million. Amazon.com makes up approx 2.68% of Maryland Capital Management’s portfolio.Fukoku Mutual Life Insurance Co boosted its stake in AMZN in the latest quarter, The investment management firm added 50 additional shares and now holds a total of 1,945 shares of Amazon.com which is valued at $1.4 Million. Amazon.com makes up approx 0.30% of Fukoku Mutual Life Insurance Co’s portfolio.Alley Co boosted its stake in AMZN in the latest quarter, The investment management firm added 311 additional shares and now holds a total of 4,510 shares of Amazon.com which is valued at $3.2 Million. Amazon.com makes up approx 1.53% of Alley Co’s portfolio.Harbour Investment Management boosted its stake in AMZN in the latest quarter, The investment management firm added 995 additional shares and now holds a total of 2,670 shares of Amazon.com which is valued at $1.9 Million. Amazon.com makes up approx 1.47% of Harbour Investment Management’s portfolio.Johnson Financial Group boosted its stake in AMZN in the latest quarter, The investment management firm added 446 additional shares and now holds a total of 1,028 shares of Amazon.com which is valued at $729,798. Amazon.com makes up approx 0.15% of Johnson Financial Group’s portfolio.

Amazon.com opened for trading at $701.05 and hit $707.24 on the upside on Friday, eventually ending the session at $702.8, with a gain of 0.61% or 4.28 points. The heightened volatility saw the trading volume jump to 29,16,165 shares. Company has a market cap of $331,600,718 M.

On the company’s financial health, Amazon.com reported $1.07 EPS for the quarter, beating the analyst consensus estimate by $ 0.47 according to the earnings call on Apr 28, 2016. Analyst had a consensus of $0.60. The company had revenue of $29128.00 million for the quarter.The company’s revenue was up 28.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.12 EPS.

Many Wall Street Analysts have commented on Amazon.com. Company shares were Reiterated by Axiom Capital on Apr 29, 2016 to “Buy”, Firm has raised the Price Target to $ 811 from a previous price target of $797 .Company shares were Reiterated by UBS on Apr 29, 2016 to “Buy”, Firm has raised the Price Target to $ 785 from a previous price target of $720 .Company shares were Reiterated by Mizuho on Apr 29, 2016 to “Buy”, Firm has raised the Price Target to $ 810 from a previous price target of $685 .

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.