Think Investments Lp buys $92,089,152 stake in Amazon.com (AMZN)

Amazon.com (AMZN) : Think Investments Lp scooped up 42,300 additional shares in Amazon.com during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 119,200 shares of Amazon.com which is valued at $92,089,152.Amazon.com makes up approximately 32.39% of Think Investments Lp’s portfolio.

Other Hedge Funds, Including , Zbi Services L.l.c. added AMZN to its portfolio by purchasing 66,000 company shares during the most recent quarter which is valued at $50,988,960. Amazon.com makes up approx 12.06% of Zbi Services L.l.c.’s portfolio.Anchor Capital Advisors reduced its stake in AMZN by selling 7 shares or 1.96% in the most recent quarter. The Hedge Fund company now holds 350 shares of AMZN which is valued at $264,124. Amazon.com makes up approx 0.01% of Anchor Capital Advisors’s portfolio.Agran Libbie reduced its stake in AMZN by selling 29 shares or 0.46% in the most recent quarter. The Hedge Fund company now holds 6,222 shares of AMZN which is valued at $4,583,561. Amazon.com makes up approx 1.11% of Agran Libbie’s portfolio.New Century Investment Management Inc reduced its stake in AMZN by selling 1,494 shares or 11.51% in the most recent quarter. The Hedge Fund company now holds 11,487 shares of AMZN which is valued at $8,556,207. Amazon.com makes up approx 4.39% of New Century Investment Management Inc’s portfolio.

Amazon.com opened for trading at $770.9 and hit $772.04 on the upside on Thursday, eventually ending the session at $770.62, with a gain of 0.19% or 1.46 points. The heightened volatility saw the trading volume jump to 17,92,271 shares. Company has a market cap of $365,331 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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