Meru Capital Group Lp buys $28.3 Million stake in Amazon.com (AMZN)

Amazon.com (AMZN) : Meru Capital Group Lp scooped up 14,916 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 39,916 shares of Amazon.com which is valued at $28.3 Million.Amazon.com makes up approximately 9.15% of Meru Capital Group Lp’s portfolio.

Other Hedge Funds, Including , Mizuho Asset Managementltd. reduced its stake in AMZN by selling 2,330 shares or 46.43% in the most recent quarter. The Hedge Fund company now holds 2,688 shares of AMZN which is valued at $1.9 Million. Amazon.com makes up approx 0.52% of Mizuho Asset Managementltd.’s portfolio.Sg Americas Securities reduced its stake in AMZN by selling 166,270 shares or 23.37% in the most recent quarter. The Hedge Fund company now holds 545,066 shares of AMZN which is valued at $387 Million. Amazon.com makes up approx 3.10% of Sg Americas Securities’s portfolio.Edmond De Rothschild (europe) reduced its stake in AMZN by selling 4,680 shares or 17.84% in the most recent quarter. The Hedge Fund company now holds 21,556 shares of AMZN which is valued at $15.3 Million. Amazon.com makes up approx 7.95% of Edmond De Rothschild (europe)’s portfolio.Bruderman Asset Management boosted its stake in AMZN in the latest quarter, The investment management firm added 110 additional shares and now holds a total of 281 shares of Amazon.com which is valued at $199,488. Amazon.com makes up approx 0.07% of Bruderman Asset Management’s portfolio. Equitec Proprietary Markets added AMZN to its portfolio by purchasing 3,700 company shares during the most recent quarter which is valued at $2.4 Million. Amazon.com makes up approx 2.70% of Equitec Proprietary Markets’s portfolio.

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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