Blue Edge Capital buys $2.5 Million stake in Amazon.com (AMZN)

Amazon.com (AMZN) : Blue Edge Capital scooped up 273 additional shares in Amazon.com during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 3,540 shares of Amazon.com which is valued at $2.5 Million.Amazon.com makes up approximately 1.51% of Blue Edge Capital’s portfolio.

Other Hedge Funds, Including , Tiverton Asset Management boosted its stake in AMZN in the latest quarter, The investment management firm added 6,025 additional shares and now holds a total of 96,025 shares of Amazon.com which is valued at $68.2 Million. Amazon.com makes up approx 2.38% of Tiverton Asset Management’s portfolio.Coe Capital Management boosted its stake in AMZN in the latest quarter, The investment management firm added 140 additional shares and now holds a total of 3,510 shares of Amazon.com which is valued at $2.5 Million. Amazon.com makes up approx 0.80% of Coe Capital Management’s portfolio.Homrich Berg boosted its stake in AMZN in the latest quarter, The investment management firm added 49 additional shares and now holds a total of 641 shares of Amazon.com which is valued at $455,059. Amazon.com makes up approx 0.04% of Homrich Berg’s portfolio.Cornerstone Capital Management boosted its stake in AMZN in the latest quarter, The investment management firm added 24,676 additional shares and now holds a total of 232,201 shares of Amazon.com which is valued at $156.5 Million. Amazon.com makes up approx 6.84% of Cornerstone Capital Management’s portfolio.Alexandria Capital boosted its stake in AMZN in the latest quarter, The investment management firm added 4 additional shares and now holds a total of 36 shares of Amazon.com which is valued at $23,745.

Amazon.com opened for trading at $708 and hit $710.86 on the upside on Wednesday, eventually ending the session at $708.35, with a gain of 0.59% or 4.15 points. The heightened volatility saw the trading volume jump to 32,76,386 shares. Company has a market cap of $334,219 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.

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