Peak Asset Management adds Amazon.com (AMZN) to its portfolio

Amazon.com (AMZN) : Peak Asset Management added new position in Amazon.com during the most recent quarter end. The investment management firm now holds 465 shares of Amazon.com which is valued at $350,908 , the company said in a statement filed on Aug 2, 2016 with the SEC.Amazon.com makes up approximately 0.07% of Peak Asset Management’s portfolio.

Other Hedge Funds, Including , Pekin Singer Strauss Asset Management Il reduced its stake in AMZN by selling 2,494 shares or 68.16% in the most recent quarter. The Hedge Fund company now holds 1,165 shares of AMZN which is valued at $879,156. Amazon.com makes up approx 0.19% of Pekin Singer Strauss Asset Management Il’s portfolio.Cobiz Investment Management reduced its stake in AMZN by selling 241 shares or 2.26% in the most recent quarter. The Hedge Fund company now holds 10,426 shares of AMZN which is valued at $7,867,877. Amazon.com makes up approx 1.92% of Cobiz Investment Management’s portfolio. Sit Investment Associates Inc added AMZN to its portfolio by purchasing 800 company shares during the most recent quarter which is valued at $607,048. Amazon.com makes up approx 0.02% of Sit Investment Associates Inc’s portfolio.Rothschild Investment Corp Il boosted its stake in AMZN in the latest quarter, The investment management firm added 150 additional shares and now holds a total of 2,035 shares of Amazon.com which is valued at $1,515,790. Amazon.com makes up approx 0.19% of Rothschild Investment Corp Il’s portfolio.

Amazon.com opened for trading at $766.81 and hit $767 on the upside on Monday, eventually ending the session at $766.56, with a gain of 0.08% or 0.58 points. The heightened volatility saw the trading volume jump to 19,86,272 shares. Company has a market cap of $363,406 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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