Amazon Com Com (AMZN) Shareholder Silvercrest Asset Management Group Upped Stake; Empyrean Capital Partners LP Increases Holding in Hrg Group (HRG)

January 14, 2018 - By Nellie Frank

Silvercrest Asset Management Group Llc increased its stake in Amazon Com Inc Com (AMZN) by 4.23% based on its latest 2017Q3 regulatory filing with the SEC. Silvercrest Asset Management Group Llc bought 412 shares as the company’s stock rose 13.58% with the market. The hedge fund held 10,160 shares of the consumer services company at the end of 2017Q3, valued at $9.77M, up from 9,748 at the end of the previous reported quarter. Silvercrest Asset Management Group Llc who had been investing in Amazon Com Inc Com for a number of months, seems to be bullish on the $628.94 billion market cap company. The stock increased 2.23% or $28.52 during the last trading session, reaching $1305.2. About 5.44 million shares traded or 53.23% up from the average. Amazon.com, Inc. (NASDAQ:AMZN) has risen 37.41% since January 14, 2017 and is uptrending. It has outperformed by 20.71% the S&P500.

Michael A. Price increased its stake in Hrg Group Inc (HRG) by 22.08% based on its latest 2017Q3 regulatory filing with the SEC. Empyrean Capital Partners Lp bought 1.46M shares as the company’s stock declined 0.45% while stock markets rallied. The hedge fund run by Michael A. Price held 8.07 million shares of the miscellaneous company at the end of 2017Q3, valued at $125.93M, up from 6.61M at the end of the previous reported quarter. Empyrean Capital Partners Lp who had been investing in Hrg Group Inc for a number of months, seems to be bullish on the $3.62 billion market cap company. The stock decreased 0.55% or $0.1 during the last trading session, reaching $18.24. About 1.04 million shares traded. HRG Group, Inc. (NYSE:HRG) has risen 28.87% since January 14, 2017 and is uptrending. It has outperformed by 12.17% the S&P500.




Empyrean Capital Partners Lp, which manages about $4.52 billion and $2.60 billion US Long portfolio, decreased its stake in Ensco Plc (NYSE:ESV) by 1.44 million shares to 1.76 million shares, valued at $10.51 million in 2017Q3, according to the filing. It also reduced its holding in Atlas Air Worldwide Hldgs In (Prn) by 500,000 shares in the quarter, leaving it with 21.00M shares, and cut its stake in New Gold Inc Cda (NYSEMKT:NGD).

Silvercrest Asset Management Group Llc, which manages about $15.87 billion and $10.03B US Long portfolio, decreased its stake in American Intl Group Inc Com Ne (NYSE:AIG) by 24,965 shares to 37,070 shares, valued at $2.28M in 2017Q3, according to the filing. It also reduced its holding in Mondelez Intl Inc Cl A (NASDAQ:MDLZ) by 34,638 shares in the quarter, leaving it with 1.51 million shares, and cut its stake in Perrigo Co Plc Shs (NYSE:PRGO).

Investors sentiment decreased to 1.26 in Q3 2017. Its down 0.10, from 1.36 in 2017Q2. It dropped, as 73 investors sold AMZN shares while 549 reduced holdings. 127 funds opened positions while 657 raised stakes. 279.77 million shares or 1.91% less from 285.20 million shares in 2017Q2 were reported. Financial Counselors holds 0.67% or 14,357 shares in its portfolio. 2,760 were reported by Lincoln Corporation. Oregon Public Employees Retirement Fund owns 42,383 shares or 0.66% of their US portfolio. Paradigm Asset Mngmt Limited accumulated 3,080 shares or 0.77% of the stock. Cornercap Investment Counsel Inc reported 778 shares. Stevens Limited Partnership reported 6,117 shares. Ontario – Canada-based Tdam Usa has invested 0.07% in Amazon.com, Inc. (NASDAQ:AMZN). Polar Cap Limited Liability Partnership has 94,642 shares. South Carolina-based Ccm Investment Advisers Lc has invested 2.44% in Amazon.com, Inc. (NASDAQ:AMZN). Bluestein R H And reported 68,412 shares. Moreover, West Oak Capital Lc has 0.41% invested in Amazon.com, Inc. (NASDAQ:AMZN). Chicago Equity Prtn Ltd Company, Illinois-based fund reported 31,221 shares. 253,343 are owned by Investec Asset. Meristem Llp holds 1,080 shares. Regal Invest Limited stated it has 631 shares or 0.14% of all its holdings.

Among 50 analysts covering Amazon.com (NASDAQ:AMZN), 47 have Buy rating, 0 Sell and 3 Hold. Therefore 94% are positive. Amazon.com had 246 analyst reports since July 21, 2015 according to SRatingsIntel. As per Wednesday, June 21, the company rating was maintained by KeyBanc Capital Markets. The company was maintained on Tuesday, September 27 by JP Morgan. The firm earned “Buy” rating on Monday, August 7 by Tigress Financial. The stock of Amazon.com, Inc. (NASDAQ:AMZN) has “Buy” rating given on Monday, July 17 by UBS. The stock has “Market Outperform” rating by JMP Securities on Friday, October 23. The firm earned “Buy” rating on Monday, July 10 by Credit Suisse. The firm has “Buy” rating by Stifel Nicolaus given on Sunday, October 22. Stifel Nicolaus maintained it with “Buy” rating and $912 target in Friday, February 3 report. The stock has “Buy” rating by Mizuho on Friday, April 29. Citigroup maintained the shares of AMZN in report on Friday, January 5 with “Buy” rating.

Since August 3, 2017, it had 0 buys, and 9 insider sales for $16.47 million activity. 2,334 shares were sold by Olsavsky Brian T, worth $2.31M on Tuesday, August 15. The insider Blackburn Jeffrey M sold 2,077 shares worth $2.05M. The insider Jassy Andrew R sold $1.96 million. Shares for $536,666 were sold by Reynolds Shelley on Tuesday, August 15. $2.30M worth of Amazon.com, Inc. (NASDAQ:AMZN) was sold by Zapolsky David.

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