Amazon.com, Inc. (NASDAQ:AMZN) Shares Purchased by Polar Capital Holdings Plc

Polar Capital Holdings Plc lifted its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 35.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,684,619 shares of the e-commerce giant's stock after acquiring an additional 441,095 shares during the period. Amazon.com makes up 2.1% of Polar Capital Holdings Plc's portfolio, making the stock its 6th biggest position. Polar Capital Holdings Plc's holdings in Amazon.com were worth $369,589,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Regent Peak Wealth Advisors LLC grew its holdings in Amazon.com by 0.7% during the 4th quarter. Regent Peak Wealth Advisors LLC now owns 45,153 shares of the e-commerce giant's stock worth $9,906,000 after acquiring an additional 318 shares in the last quarter. RMR Wealth Builders grew its stake in Amazon.com by 2.5% in the fourth quarter. RMR Wealth Builders now owns 70,423 shares of the e-commerce giant's stock worth $15,450,000 after purchasing an additional 1,690 shares in the last quarter. Sendero Wealth Management LLC increased its holdings in Amazon.com by 2.4% in the fourth quarter. Sendero Wealth Management LLC now owns 91,107 shares of the e-commerce giant's stock valued at $19,988,000 after buying an additional 2,125 shares during the last quarter. BluePath Capital Management LLC increased its holdings in Amazon.com by 8.4% in the fourth quarter. BluePath Capital Management LLC now owns 15,897 shares of the e-commerce giant's stock valued at $3,473,000 after buying an additional 1,229 shares during the last quarter. Finally, St. Louis Financial Planners Asset Management LLC acquired a new stake in Amazon.com during the fourth quarter valued at approximately $2,838,000. Institutional investors and hedge funds own 72.20% of the company's stock.

Amazon.com Trading Down 0.9%

NASDAQ AMZN traded down $1.77 on Friday, hitting $203.93. 51,641,602 shares of the company were exchanged, compared to its average volume of 42,021,406. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve month high of $242.52. The company's 50 day moving average price is $190.57 and its 200-day moving average price is $208.61. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.87. The firm has a market capitalization of $2.16 trillion, a P/E ratio of 36.88, a price-to-earnings-growth ratio of 1.50 and a beta of 1.30.

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

Insider Activity at Amazon.com

In related news, CEO Douglas J. Herrington sold 2,500 shares of the stock in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $190.67, for a total value of $476,675.00. Following the transaction, the chief executive officer now owns 506,974 shares in the company, valued at approximately $96,664,732.58. This represents a 0.49% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP David Zapolsky sold 13,570 shares of Amazon.com stock in a transaction on Thursday, May 22nd. The shares were sold at an average price of $202.41, for a total transaction of $2,746,703.70. Following the completion of the sale, the senior vice president now directly owns 47,030 shares of the company's stock, valued at approximately $9,519,342.30. The trade was a 22.39% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 99,537 shares of company stock valued at $20,018,625. Company insiders own 9.70% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on AMZN shares. Phillip Securities lowered Amazon.com from a "strong-buy" rating to a "moderate buy" rating in a research report on Monday, February 10th. Canaccord Genuity Group reiterated a "buy" rating on shares of Amazon.com in a research note on Thursday, February 13th. Benchmark restated a "buy" rating and issued a $260.00 price target on shares of Amazon.com in a research report on Friday, May 2nd. Oppenheimer lowered their price objective on shares of Amazon.com from $260.00 to $220.00 and set an "outperform" rating for the company in a research report on Monday, April 28th. Finally, Telsey Advisory Group reissued an "outperform" rating and issued a $235.00 target price on shares of Amazon.com in a report on Friday, May 2nd. Four investment analysts have rated the stock with a hold rating and forty-four have assigned a buy rating to the company. According to MarketBeat.com, Amazon.com currently has an average rating of "Moderate Buy" and a consensus target price of $244.09.

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.