Capstone Financial Advisors buys $874,538 stake in Amazon.com (AMZN)

Amazon.com (AMZN) : Capstone Financial Advisors scooped up 250 additional shares in Amazon.com during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 12, 2016. The investment management firm now holds a total of 1,132 shares of Amazon.com which is valued at $874,538.Amazon.com makes up approximately 0.45% of Capstone Financial Advisors’s portfolio.

Other Hedge Funds, Including , Proshare Advisors reduced its stake in AMZN by selling 8,608 shares or 4.67% in the most recent quarter. The Hedge Fund company now holds 175,828 shares of AMZN which is valued at $135,837,680. Amazon.com makes up approx 1.67% of Proshare Advisors’s portfolio.Wrapmanager Inc boosted its stake in AMZN in the latest quarter, The investment management firm added 1 additional shares and now holds a total of 417 shares of Amazon.com which is valued at $322,158. Amazon.com makes up approx 0.13% of Wrapmanager Inc’s portfolio.Nwam boosted its stake in AMZN in the latest quarter, The investment management firm added 38 additional shares and now holds a total of 2,881 shares of Amazon.com which is valued at $2,206,788. Amazon.com makes up approx 0.85% of Nwam’s portfolio.1st Global Advisors boosted its stake in AMZN in the latest quarter, The investment management firm added 1,389 additional shares and now holds a total of 3,211 shares of Amazon.com which is valued at $2,391,745. Amazon.com makes up approx 0.32% of 1st Global Advisors’s portfolio.Capital Advantage boosted its stake in AMZN in the latest quarter, The investment management firm added 14 additional shares and now holds a total of 946 shares of Amazon.com which is valued at $696,322. Amazon.com makes up approx 0.24% of Capital Advantage’s portfolio.

Amazon.com opened for trading at $768.72 and hit $774.98 on the upside on Monday, eventually ending the session at $771.29, with a gain of 0.30% or 2.29 points. The heightened volatility saw the trading volume jump to 21,98,560 shares. Company has a market cap of $365,648 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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