Blackrock Investment Management buys $1,057,365,789 stake in Amazon.com (AMZN)

Amazon.com (AMZN) : Blackrock Investment Management scooped up 92,634 additional shares in Amazon.com during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 10, 2016. The investment management firm now holds a total of 1,368,652 shares of Amazon.com which is valued at $1,057,365,789.Amazon.com makes up approximately 1.29% of Blackrock Investment Management’s portfolio.

Other Hedge Funds, Including , Highpoint Advisor Group boosted its stake in AMZN in the latest quarter, The investment management firm added 638 additional shares and now holds a total of 1,367 shares of Amazon.com which is valued at $1,056,090. Amazon.com makes up approx 0.37% of Highpoint Advisor Group’s portfolio.Nelson Van Denburg Campbell Wealth Management Group reduced its stake in AMZN by selling 2 shares or 5.0% in the most recent quarter. The Hedge Fund company now holds 38 shares of AMZN which is valued at $29,107. Amazon.com makes up approx 0.01% of Nelson Van Denburg Campbell Wealth Management Group’s portfolio.American Century Companies Inc boosted its stake in AMZN in the latest quarter, The investment management firm added 99,536 additional shares and now holds a total of 1,721,154 shares of Amazon.com which is valued at $1,267,922,517. Amazon.com makes up approx 1.40% of American Century Companies Inc’s portfolio.Naples Global Advisors reduced its stake in AMZN by selling 725 shares or 40.28% in the most recent quarter. The Hedge Fund company now holds 1,075 shares of AMZN which is valued at $798,327. Amazon.com makes up approx 0.32% of Naples Global Advisors’s portfolio.

Amazon.com closed down -7.15 points or -0.94% at $757.31 with 23,43,237 shares getting traded on Friday. Post opening the session at $761.9, the shares hit an intraday low of $756.89 and an intraday high of $762.49 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

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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