Vgi Partners Pty Ltd buys $43.9 Million stake in Amazon.com (AMZN)

Amazon.com (AMZN) : Vgi Partners Pty Ltd scooped up 9,949 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 61,804 shares of Amazon.com which is valued at $43.9 Million.Amazon.com makes up approximately 12.19% of Vgi Partners Pty Ltd’s portfolio.

Other Hedge Funds, Including , Signpost Capital Advisors Lp boosted its stake in AMZN in the latest quarter, The investment management firm added 1,547 additional shares and now holds a total of 34,662 shares of Amazon.com which is valued at $24.6 Million. Amazon.com makes up approx 18.03% of Signpost Capital Advisors Lp’s portfolio.Bb&t Securities reduced its stake in AMZN by selling 56 shares or 0.61% in the most recent quarter. The Hedge Fund company now holds 9,104 shares of AMZN which is valued at $6.5 Million. Amazon.com makes up approx 0.11% of Bb&t Securities’s portfolio.First Heartland Consultants reduced its stake in AMZN by selling 2,730 shares or 75.75% in the most recent quarter. The Hedge Fund company now holds 874 shares of AMZN which is valued at $620,470. Amazon.com makes up approx 0.24% of First Heartland Consultants’s portfolio.Pictet North America Advisors Sa reduced its stake in AMZN by selling 3 shares or 0.28% in the most recent quarter. The Hedge Fund company now holds 1,080 shares of AMZN which is valued at $766,714. Amazon.com makes up approx 0.16% of Pictet North America Advisors Sa’s portfolio.Dynamic Advisors Solutions reduced its stake in AMZN by selling 71 shares or 13.6% in the most recent quarter. The Hedge Fund company now holds 451 shares of AMZN which is valued at $303,951. Amazon.com makes up approx 0.13% of Dynamic Advisors Solutions’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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