D. E. Shaw buys $877,246,255 stake in Amazon.com (AMZN)

Amazon.com (AMZN) : D. E. Shaw scooped up 812,179 additional shares in Amazon.com during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 1,187,056 shares of Amazon.com which is valued at $877,246,255.Amazon.com makes up approximately 1.96% of D. E. Shaw’s portfolio.

Other Hedge Funds, Including , Dorsal Capital Management boosted its stake in AMZN in the latest quarter, The investment management firm added 10,000 additional shares and now holds a total of 160,000 shares of Amazon.com which is valued at $115,051,200. Amazon.com makes up approx 7.60% of Dorsal Capital Management’s portfolio.Pictet North America Advisors Sa boosted its stake in AMZN in the latest quarter, The investment management firm added 2 additional shares and now holds a total of 1,122 shares of Amazon.com which is valued at $880,691. Amazon.com makes up approx 0.21% of Pictet North America Advisors Sa’s portfolio. Truepoint added AMZN to its portfolio by purchasing 300 company shares during the most recent quarter which is valued at $229,668. Amazon.com makes up approx 0.03% of Truepoint’s portfolio.Kames Capital Plc boosted its stake in AMZN in the latest quarter, The investment management firm added 18,636 additional shares and now holds a total of 114,939 shares of Amazon.com which is valued at $96,329,227. Amazon.com makes up approx 2.72% of Kames Capital Plc’s portfolio.Westwood Management Corp Il reduced its stake in AMZN by selling 600 shares or 1.3% in the most recent quarter. The Hedge Fund company now holds 45,540 shares of AMZN which is valued at $37,021,743. Amazon.com makes up approx 6.68% of Westwood Management Corp Il’s portfolio.

Amazon.com opened for trading at $761 and hit $767.74 on the upside on Monday, eventually ending the session at $760.16, with a gain of 0.50% or 3.76 points. The heightened volatility saw the trading volume jump to 43,73,408 shares. Company has a market cap of $361,203 M.

On the company’s financial health, Amazon.com reported $0.52 EPS for the quarter, missing the analyst consensus estimate by $ -0.30 based on the information available during the earnings call on Oct 27, 2016. Analyst had a consensus of $0.82. The company had revenue of $32714.00 million for the quarter, compared to analysts expectations of $32654.14 million. The company’s revenue was up 29.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.17 EPS.

Many Wall Street Analysts have commented on Amazon.com. Company shares were Reiterated by Axiom Capital on Nov 1, 2016 to “Buy”, Firm has raised the Price Target to $ 953 from a previous price target of $877 .Shares were Reiterated by RBC Capital Mkts on Oct 28, 2016 to “Outperform” and Lowered the Price Target to $ 950 from a previous price target of $1000 .Company shares were Reiterated by Canaccord Genuity on Oct 28, 2016 to “Buy”, Firm has raised the Price Target to $ 900 from a previous price target of $825 .

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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