Simonbaker & Partners LLC continued to hold its stake in Amazon.com, Inc. (NASDAQ:AMZN) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 434 shares of the e-commerce giant’s stock at the end of the fourth quarter. Simonbaker & Partners LLC’s holdings in Amazon.com were worth $357,000 as of its most recent SEC filing.
Other hedge funds have also recently bought and sold shares of the company. Lyell Wealth Management LP purchased a new stake in Amazon.com during the fourth quarter valued at about $2,499,000. First Allied Advisory Services Inc. raised its position in shares of Amazon.com by 31.5% in the fourth quarter. First Allied Advisory Services Inc. now owns 12,722 shares of the e-commerce giant’s stock worth $9,540,000 after buying an additional 3,050 shares during the last quarter. Meridian Wealth Management LLC bought a new position in shares of Amazon.com during the fourth quarter worth approximately $2,640,000. Cim Investment Mangement Inc. raised its position in shares of Amazon.com by 1.1% in the fourth quarter. Cim Investment Mangement Inc. now owns 3,745 shares of the e-commerce giant’s stock worth $2,808,000 after buying an additional 42 shares during the last quarter. Finally, Bluestein R H & Co. raised its position in shares of Amazon.com by 8.8% in the fourth quarter. Bluestein R H & Co. now owns 64,057 shares of the e-commerce giant’s stock worth $48,034,000 after buying an additional 5,206 shares during the last quarter. Institutional investors and hedge funds own 65.08% of the company’s stock.
Amazon.com, Inc. (NASDAQ:AMZN) traded down 0.39% during trading on Friday, reaching $898.53. The company’s stock had a trading volume of 2,420,494 shares. Amazon.com, Inc. has a 1-year low of $599.20 and a 1-year high of $923.72. The company has a market capitalization of $428.75 billion, a P/E ratio of 183.37 and a beta of 1.40. The company’s 50-day moving average is $872.63 and its 200-day moving average is $817.46.
WARNING: This piece of content was reported by Transcript Daily and is the property of of Transcript Daily. If you are accessing this piece of content on another domain, it was copied illegally and reposted in violation of US and international copyright and trademark legislation. The original version of this piece of content can be viewed at https://transcriptdaily.com/2017/04/22/simonbaker-partners-llc-maintains-position-in-amazon-com-inc-amzn.html.
Several equities analysts recently commented on AMZN shares. Wolfe Research lowered shares of Amazon.com from an “outperform” rating to a “market perform” rating in a report on Thursday. Maxim Group reaffirmed a “buy” rating and set a $1,000.00 target price (up previously from $940.00) on shares of Amazon.com in a report on Thursday. William Blair reaffirmed an “outperform” rating on shares of Amazon.com in a report on Wednesday. Loop Capital reaffirmed a “buy” rating and issued a $1,100.00 target price on shares of Amazon.com in a research report on Wednesday. Finally, Macquarie reaffirmed a “buy” rating and issued a $995.00 target price on shares of Amazon.com in a research report on Tuesday. Five research analysts have rated the stock with a hold rating and forty-eight have issued a buy rating to the company. Amazon.com currently has a consensus rating of “Buy” and an average target price of $961.29.
In other Amazon.com news, Director Tom A. Alberg sold 590 shares of the firm’s stock in a transaction that occurred on Tuesday, February 21st. The stock was sold at an average price of $850.00, for a total transaction of $501,500.00. Following the completion of the sale, the director now owns 22,525 shares in the company, valued at approximately $19,146,250. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider David Zapolsky sold 503 shares of the firm’s stock in a transaction that occurred on Tuesday, February 21st. The shares were sold at an average price of $850.00, for a total value of $427,550.00. Following the sale, the insider now owns 2,523 shares of the company’s stock, valued at approximately $2,144,550. The disclosure for this sale can be found here. 17.70% of the stock is owned by company insiders.
Amazon.com Company Profile
Amazon.com, Inc offers a range of products and services through its Websites. The Company operates through three segments: North America, International and Amazon Web Services (AWS). The North America segment consists of retail sales of consumer products (including from sellers) and subscriptions through North America-focused Websites, such as www.amazon.com, www.amazon.ca and www.amazon.com.mx.
