Rhumbline Advisers buys $370,158,276 stake in Amazon.com (AMZN)

Amazon.com (AMZN) : Rhumbline Advisers scooped up 18,675 additional shares in Amazon.com during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 2, 2016. The investment management firm now holds a total of 549,237 shares of Amazon.com which is valued at $370,158,276.Amazon.com makes up approximately 1.15% of Rhumbline Advisers’s portfolio.

Amazon.com opened for trading at $656.05 and hit $676.95 on the upside on Friday, eventually ending the session at $673.95, with a gain of 2.25% or 14.86 points. The heightened volatility saw the trading volume jump to 43,65,345 shares. Company has a market cap of $317,988 M.

Other Hedge Funds, Including , Thompson Davis reduced its stake in AMZN by selling 146 shares or 27.65% in the most recent quarter. The Hedge Fund company now holds 382 shares of AMZN which is valued at $257,449. Amazon.com makes up approx 0.39% of Thompson Davis’s portfolio.Barton Investment Management boosted its stake in AMZN in the latest quarter, The investment management firm added 17,490 additional shares and now holds a total of 68,929 shares of Amazon.com which is valued at $45,464,879. Amazon.com makes up approx 12.78% of Barton Investment Management’s portfolio.Cobiz Investment Management boosted its stake in AMZN in the latest quarter, The investment management firm added 687 additional shares and now holds a total of 10,667 shares of Amazon.com which is valued at $7,035,847. Amazon.com makes up approx 1.71% of Cobiz Investment Management’s portfolio.Next Financial Group Inc boosted its stake in AMZN in the latest quarter, The investment management firm added 703 additional shares and now holds a total of 2,782 shares of Amazon.com which is valued at $1,726,231. Amazon.com makes up approx 0.60% of Next Financial Group Inc’s portfolio.First Citizens Bank Trust Co reduced its stake in AMZN by selling 1,270 shares or 11.41% in the most recent quarter. The Hedge Fund company now holds 9,859 shares of AMZN which is valued at $6,117,510. Amazon.com makes up approx 0.50% of First Citizens Bank Trust Co’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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