Amazon.com, Inc. (NASDAQ:AMZN) Shares Purchased by Polymer Capital Management HK LTD

Polymer Capital Management HK LTD grew its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 501.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 162,519 shares of the e-commerce giant’s stock after purchasing an additional 135,512 shares during the quarter. Amazon.com comprises about 6.2% of Polymer Capital Management HK LTD’s investment portfolio, making the stock its biggest position. Polymer Capital Management HK LTD’s holdings in Amazon.com were worth $35,655,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Accordant Advisory Group Inc lifted its position in shares of Amazon.com by 400.0% in the fourth quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant’s stock worth $27,000 after buying an additional 100 shares during the last quarter. Prudent Man Investment Management Inc. bought a new position in shares of Amazon.com in the 4th quarter valued at approximately $27,000. Perritt Capital Management Inc lifted its holdings in Amazon.com by 72.7% in the 4th quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant’s stock worth $42,000 after purchasing an additional 80 shares during the last quarter. Quattro Financial Advisors LLC boosted its position in Amazon.com by 23.8% during the fourth quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant’s stock worth $51,000 after purchasing an additional 45 shares during the period. Finally, Compass Planning Associates Inc acquired a new position in Amazon.com during the fourth quarter valued at approximately $51,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, CEO Douglas J. Herrington sold 5,501 shares of the company’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $228.44, for a total transaction of $1,256,648.44. Following the completion of the sale, the chief executive officer now owns 505,318 shares in the company, valued at approximately $115,434,843.92. The trade was a 1.08 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP David Zapolsky sold 19,212 shares of Amazon.com stock in a transaction on Monday, February 24th. The stock was sold at an average price of $217.50, for a total value of $4,178,610.00. Following the sale, the senior vice president now directly owns 49,950 shares of the company’s stock, valued at approximately $10,864,125. This trade represents a 27.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 107,298 shares of company stock valued at $23,818,478. 9.70% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

AMZN has been the subject of a number of analyst reports. Canaccord Genuity Group restated a “buy” rating on shares of Amazon.com in a research note on Thursday, February 13th. Maxim Group boosted their target price on shares of Amazon.com from $260.00 to $280.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Amazon.com from $287.00 to $206.00 and set a “buy” rating for the company in a report on Monday, April 14th. The Goldman Sachs Group dropped their price objective on Amazon.com from $255.00 to $220.00 and set a “buy” rating on the stock in a research note on Tuesday, April 22nd. Finally, BNP Paribas upgraded Amazon.com to a “hold” rating in a research note on Wednesday, April 30th. Four research analysts have rated the stock with a hold rating and forty-four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $243.55.

Amazon.com Trading Down 1.9 %

AMZN stock opened at $186.35 on Tuesday. The business has a fifty day moving average of $189.92 and a 200-day moving average of $208.04. The company has a market cap of $1.98 trillion, a P/E ratio of 33.70, a PEG ratio of 1.50 and a beta of 1.30. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve month high of $242.52. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share for the quarter, topping the consensus estimate of $1.38 by $0.21. The firm had revenue of $155.67 billion during the quarter, compared to analysts’ expectations of $154.96 billion. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. The company’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.98 EPS. As a group, equities research analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current year.

Amazon.com Company Profile

Amazon.com, Inc engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Echo, Ring, Blink, and eero; and develops and produces media content.