Tnb Financial buys $7,944,901 stake in Amazon.com (AMZN)

Amazon.com (AMZN) : Tnb Financial scooped up 28 additional shares in Amazon.com during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 19, 2016. The investment management firm now holds a total of 10,654 shares of Amazon.com which is valued at $7,944,901.Amazon.com makes up approximately 2.03% of Tnb Financial’s portfolio.

Other Hedge Funds, Including , 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.Curian Capital reduced its stake in AMZN by selling 11,503 shares or 74.4% in the most recent quarter. The Hedge Fund company now holds 3,959 shares of AMZN which is valued at $2,952,662. Amazon.com makes up approx 0.21% of Curian Capital’s portfolio.

Amazon.com opened for trading at $744 and hit $746.25 on the upside on Wednesday, eventually ending the session at $745.72, with a gain of 0.78% or 5.77 points. The heightened volatility saw the trading volume jump to 22,14,023 shares. Company has a market cap of $351,852 M.

On the company’s financial health, Amazon.com reported $1.07 EPS for the quarter, beating the analyst consensus estimate by $ 0.47 according to the earnings call on Apr 28, 2016. Analyst had a consensus of $0.60. The company had revenue of $29128.00 million for the quarter.The company’s revenue was up 28.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.12 EPS.

Many Wall Street Analysts have commented on Amazon.com. Company shares were Reiterated by Goldman on Jul 21, 2016 to “Buy”, Firm has raised the Price Target to $ 900 from a previous price target of $790 .Company shares were Reiterated by The Benchmark Company on Jul 13, 2016 to “Buy”, Firm has raised the Price Target to $ 915 from a previous price target of $750 .Company shares were Reiterated by Axiom Capital on Jul 11, 2016 to “Buy”, Firm has raised the Price Target to $ 853 from a previous price target of $811 .

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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