Rhumbline Advisers buys $448,594,690 stake in Amazon.com (AMZN)

Amazon.com (AMZN) : Rhumbline Advisers scooped up 31,423 additional shares in Amazon.com during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 11, 2016. The investment management firm now holds a total of 580,660 shares of Amazon.com which is valued at $448,594,690.Amazon.com makes up approximately 1.28% of Rhumbline Advisers’s portfolio.

Other Hedge Funds, Including , Mirae Asset Global Investments Ltd. boosted its stake in AMZN in the latest quarter, The investment management firm added 37,897 additional shares and now holds a total of 48,223 shares of Amazon.com which is valued at $37,255,161. Amazon.com makes up approx 0.90% of Mirae Asset Global Investments Ltd.’s portfolio.Westport Resources Management Inc reduced its stake in AMZN by selling 8 shares or 0.43% in the most recent quarter. The Hedge Fund company now holds 1,854 shares of AMZN which is valued at $1,432,326. Amazon.com makes up approx 0.45% of Westport Resources Management Inc’s portfolio.Pinebridge Investments boosted its stake in AMZN in the latest quarter, The investment management firm added 2,596 additional shares and now holds a total of 14,157 shares of Amazon.com which is valued at $10,937,132. Amazon.com makes up approx 0.55% of Pinebridge Investments’s portfolio.Mogy Joel R Investment Counsel Inc boosted its stake in AMZN in the latest quarter, The investment management firm added 669 additional shares and now holds a total of 12,594 shares of Amazon.com which is valued at $9,503,936. Amazon.com makes up approx 1.71% of Mogy Joel R Investment Counsel Inc’s portfolio.

Amazon.com opened for trading at $763.31 and hit $764.7 on the upside on Tuesday, eventually ending the session at $762.45, with a gain of 0.39% or 2.97 points. The heightened volatility saw the trading volume jump to 15,23,130 shares. Company has a market cap of $361,457 M.

On the company’s financial health, Amazon.com reported $1.78 EPS for the quarter, beating the analyst consensus estimate by $ 0.66 according to the earnings call on Jul 28, 2016. Analyst had a consensus of $1.12. The company had revenue of $30404.00 million for the quarter, compared to analysts expectations of $29566.97 million. The company’s revenue was up 31.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.19 EPS.

Many Wall Street Analysts have commented on Amazon.com. Company shares were Reiterated by MKM Partners on Aug 2, 2016 to “Buy”, Firm has raised the Price Target to $ 995 from a previous price target of $850 .Company shares were Reiterated by Axiom Capital on Jul 29, 2016 to “Buy”, Firm has raised the Price Target to $ 877 from a previous price target of $853 .Company shares were Reiterated by The Benchmark Company on Jul 29, 2016 to “Buy”, Firm has raised the Price Target to $ 950 from a previous price target of $915 .

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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