Polymer Capital Management HK LTD Purchases 135,512 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Polymer Capital Management HK LTD increased its position in Amazon.com, Inc. (NASDAQ:AMZN) by 501.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 162,519 shares of the e-commerce giant’s stock after buying an additional 135,512 shares during the period. Amazon.com comprises 6.2% of Polymer Capital Management HK LTD’s portfolio, making the stock its largest holding. 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 boosted its holdings in Amazon.com by 400.0% in the fourth quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant’s stock valued at $27,000 after acquiring an additional 100 shares during the last quarter. Prudent Man Investment Management Inc. purchased a new position in shares of Amazon.com in the 4th quarter worth about $27,000. Perritt Capital Management Inc lifted its stake in shares of Amazon.com by 72.7% in the 4th quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant’s stock valued at $42,000 after purchasing an additional 80 shares in the last quarter. Quattro Financial Advisors LLC grew its holdings in shares of Amazon.com by 23.8% during the 4th 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 stake in Amazon.com during the 4th quarter worth approximately $51,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Amazon.com Stock Performance

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

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

Insider Activity

In other news, VP Shelley Reynolds sold 8,833 shares of the firm’s stock in a transaction on Friday, February 21st. The stock was sold at an average price of $222.47, for a total value of $1,965,077.51. Following the completion of the sale, the vice president now owns 119,780 shares of the company’s stock, valued at $26,647,456.60. This trade represents a 6.87 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Douglas J. Herrington sold 5,501 shares of the stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $228.44, for a total value of $1,256,648.44. Following the completion of the sale, the chief executive officer now directly owns 505,318 shares of the company’s stock, valued at approximately $115,434,843.92. This represents a 1.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 107,298 shares of company stock worth $23,818,478 over the last 90 days. 9.70% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on AMZN shares. Evercore ISI reduced their target price on shares of Amazon.com from $270.00 to $260.00 and set an “outperform” rating on the stock in a report on Friday. Phillip Securities cut Amazon.com from a “strong-buy” rating to a “moderate buy” rating in a research note on Monday, February 10th. Bank of America decreased their target price on Amazon.com from $257.00 to $225.00 and set a “buy” rating for the company in a research report on Wednesday, April 9th. Morgan Stanley dropped their target price on Amazon.com from $280.00 to $245.00 and set an “overweight” rating on the stock in a report on Monday, April 14th. Finally, Telsey Advisory Group restated an “outperform” rating and issued a $235.00 price target on shares of Amazon.com in a report on Friday. Four analysts have rated the stock with a hold rating and forty-four have given a buy rating to the company’s stock. According to data from MarketBeat.com, Amazon.com currently has an average rating of “Moderate Buy” and an average target price of $243.55.

About Amazon.com

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.