Amazon.com, Inc. (AMZN) Shares Take Flight After Posting Surprise Profit

What have hedge funds been doing with Amazon.com, Inc. (NASDAQ:AMZN)?

Ken Fisher holds the biggest position in Amazon.com, Inc. (NASDAQ:AMZN), a $917.5 million position in the company, comprising 1.8% of its 13F portfolio. Coming in second is Eagle Capital Management, led by Boykin Curry, holding an $829.2 million position; the fund has 3.1% of its 13F portfolio invested in the stock. Paul Ruddock and Steve Heinz’s Lansdowne Partners hold a position of nearly 1.7 million shares, while David E. Shaw’s D E Shaw holds 1.40 million, having increased its stake by 72% in the first quarter. The largest new position was opened by Jim Simons’ Renaissance Technologies, and consisted of 1.15 million shares valued at $428 million.

Considering performance, insider activity, hedge fund sentiment, and analyst ratings, is Amazon.com, Inc. (NASDAQ:AMZN) a good stock to buy now? The picture that can be drawn from these metrics is that the stock is a good long-term investment, as it has worked to strengthen its long term business.

Disclosure: None