Amazon.com (AMZN) : Edgewood Management scooped up 74,010 additional shares in Amazon.com during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 9, 2016. The investment management firm now holds a total of 1,326,330 shares of Amazon.com which is valued at $941,588,194.Amazon.com makes up approximately 6.81% of Edgewood Management’s portfolio.
Other Hedge Funds, Including , Eagleclaw Capital Managment reduced its stake in AMZN by selling 65 shares or 1.0% in the most recent quarter. The Hedge Fund company now holds 6,460 shares of AMZN which is valued at $4,586,083. Amazon.com makes up approx 3.11% of Eagleclaw Capital Managment’s portfolio.Checchi Capital Advisers reduced its stake in AMZN by selling 352 shares or 10.56% in the most recent quarter. The Hedge Fund company now holds 2,980 shares of AMZN which is valued at $2,008,371. Amazon.com makes up approx 0.54% of Checchi Capital Advisers’s portfolio. Cadence Capital Management sold out all of its stake in AMZN during the most recent quarter. The investment firm sold 1,260 shares of AMZN which is valued $849,177.
Amazon.com closed down -8.01 points or -1.12% at $709.92 with 47,63,419 shares getting traded on Friday. Post opening the session at $714.64, the shares hit an intraday low of $706.51 and an intraday high of $719.25 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
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.