Harvey Capital Management Inc. Buys into Amazon.com
Harvey Capital Management Inc., a firm, has purchased 156,043 shares of Amazon.com's stock in its most recent 13F filing with the SEC. The acquisition is valued at approximately $37,191,000.
This purchase represents a new position for Harvey Capital Management Inc. in Amazon.com's stock and accounts for 7.7% of the firm's investment portfolio, making it the company's third largest holding.
Amazon.com has been the subject of various research analyst reports, with Deutsche Bank Aktiengesellschaft restating a 'buy' rating and setting a $325.00 target price on shares of Amazon.com. Other analysts have also weighed in, with Royal Bank Of Canada increasing its price objective on shares of Amazon.com from $320.00 to $330.00.
As for Amazon's performance, the company reported $5.75 earnings per share for the quarter, beating the consensus estimate of $1.82. The firm had revenue of $200.61 billion for the quarter, compared to the consensus estimate of $197.03 billion.