First Long Island Investors buys $24,044,688 stake in Amazon.com (AMZN)

Amazon.com (AMZN) : First Long Island Investors scooped up 371 additional shares in Amazon.com during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 9, 2016. The investment management firm now holds a total of 31,367 shares of Amazon.com which is valued at $24,044,688.Amazon.com makes up approximately 4.31% of First Long Island Investors’s portfolio.

Other Hedge Funds, Including , First Personal Financial Services boosted its stake in AMZN in the latest quarter, The investment management firm added 510 additional shares and now holds a total of 624 shares of Amazon.com which is valued at $478,333. Amazon.com makes up approx 0.16% of First Personal Financial Services’s portfolio.Reilly Financial Advisors reduced its stake in AMZN by selling 50 shares or 15.29% in the most recent quarter. The Hedge Fund company now holds 277 shares of AMZN which is valued at $209,035. Amazon.com makes up approx 0.04% of Reilly Financial Advisors’s portfolio.Agf Investments reduced its stake in AMZN by selling 4,150 shares or 2.54% in the most recent quarter. The Hedge Fund company now holds 159,256 shares of AMZN which is valued at $120,180,948. Amazon.com makes up approx 1.32% of Agf Investments’s portfolio.Westwood Management Corp Il boosted its stake in AMZN in the latest quarter, The investment management firm added 23,630 additional shares and now holds a total of 46,140 shares of Amazon.com which is valued at $34,367,840. Amazon.com makes up approx 6.20% of Westwood Management Corp Il’s portfolio.Mechanics Bank Trust Department boosted its stake in AMZN in the latest quarter, The investment management firm added 30 additional shares and now holds a total of 585 shares of Amazon.com which is valued at $436,246. Amazon.com makes up approx 0.16% of Mechanics Bank Trust Department’s portfolio.

Amazon.com opened for trading at $764.41 and hit $765.22 on the upside on Wednesday, eventually ending the session at $764.63, with a gain of 0.08% or 0.59 points. The heightened volatility saw the trading volume jump to 18,91,116 shares. Company has a market cap of $362,491 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 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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