Zevenbergen Capital Investments buys $205.4 Million stake in Amazon.com (AMZN)

Amazon.com (AMZN) : Zevenbergen Capital Investments scooped up 5,789 additional shares in Amazon.com during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 11, 2016. The investment management firm now holds a total of 289,319 shares of Amazon.com which is valued at $205.4 Million.Amazon.com makes up approximately 9.64% of Zevenbergen Capital Investments’s portfolio.

Other Hedge Funds, Including , Mitsubishi Ufj Securities International Plc added AMZN to its portfolio by purchasing 380 company shares during the most recent quarter which is valued at $269,770. Amazon.com makes up approx 1.59% of Mitsubishi Ufj Securities International Plc’s portfolio. Cls Investments sold out all of its stake in AMZN during the most recent quarter. The investment firm sold 11 shares of AMZN which is valued $7,809.Neuberger Berman Group reduced its stake in AMZN by selling 52,609 shares or 17.21% in the most recent quarter. The Hedge Fund company now holds 253,070 shares of AMZN which is valued at $170.6 Million. Amazon.com makes up approx 0.23% of Neuberger Berman Group’s portfolio.Decatur Capital Management reduced its stake in AMZN by selling 7,225 shares or 25.33% in the most recent quarter. The Hedge Fund company now holds 21,296 shares of AMZN which is valued at $14 Million. Amazon.com makes up approx 1.84% of Decatur Capital Management’s portfolio.Bank Of Hawaii reduced its stake in AMZN by selling 3,584 shares or 54.41% in the most recent quarter. The Hedge Fund company now holds 3,003 shares of AMZN which is valued at $2 Million. Amazon.com makes up approx 0.21% of Bank Of Hawaii’s portfolio.

Amazon.com opened for trading at $710.13 and hit $713.25 on the upside on Monday, eventually ending the session at $710.66, with a gain of 0.10% or 0.74 points. The heightened volatility saw the trading volume jump to 54,32,920 shares. Company has a market cap of $335,309 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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