New Century Investment Management Inc buys $8,562,138 stake in Amazon.com (AMZN)

Amazon.com (AMZN) : New Century Investment Management Inc scooped up 11 additional shares in Amazon.com during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 26, 2016. The investment management firm now holds a total of 12,981 shares of Amazon.com which is valued at $8,562,138.Amazon.com makes up approximately 4.13% of New Century Investment Management Inc’s portfolio.

Amazon.com opened for trading at $663.92 and hit $685.5 on the upside on Monday, eventually ending the session at $683.85, with a gain of 3.68% or 24.26 points. The heightened volatility saw the trading volume jump to 65,78,517 shares. Company has a market cap of $322,660 M.

Other Hedge Funds, Including , Huntington National Bank boosted its stake in AMZN in the latest quarter, The investment management firm added 1,622 additional shares and now holds a total of 21,579 shares of Amazon.com which is valued at $14,233,293. Amazon.com makes up approx 0.36% of Huntington National Bank’s portfolio.Westwood Management Corp Il boosted its stake in AMZN in the latest quarter, The investment management firm added 21,910 additional shares and now holds a total of 22,510 shares of Amazon.com which is valued at $14,847,371. Amazon.com makes up approx 2.84% of Westwood Management Corp Il’s portfolio. Headinvest sold out all of its stake in AMZN during the most recent quarter. The investment firm sold 309 shares of AMZN which is valued $191,735.Howard Capital Management reduced its stake in AMZN by selling 1,107 shares or 4.57% in the most recent quarter. The Hedge Fund company now holds 23,094 shares of AMZN which is valued at $14,329,827. Amazon.com makes up approx 2.76% of Howard Capital Management’s portfolio.Swarthmore Group Inc reduced its stake in AMZN by selling 11,650 shares or 21.33% in the most recent quarter. The Hedge Fund company now holds 42,975 shares of AMZN which is valued at $26,897,623. Amazon.com makes up approx 4.06% of Swarthmore Group Inc’s portfolio.

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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