Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Polar Capital LLP

Polar Capital LLP lessened its position in Amazon.com, Inc. (NASDAQ:AMZN) by 11.8% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 130,632 shares of the e-commerce giant’s stock after selling 17,546 shares during the quarter. Amazon.com makes up about 2.1% of Polar Capital LLP’s holdings, making the stock its 6th biggest holding. Polar Capital LLP’s holdings in Amazon.com were worth $196,205,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of AMZN. Signet Investment Advisory Group Inc. acquired a new position in Amazon.com in the 4th quarter valued at approximately $33,000. Spence Asset Management increased its stake in Amazon.com by 127.3% in the 4th quarter. Spence Asset Management now owns 25 shares of the e-commerce giant’s stock valued at $38,000 after buying an additional 14 shares during the period. Financial Advantage Inc. acquired a new position in Amazon.com in the 4th quarter valued at approximately $45,000. Contravisory Investment Management Inc. increased its stake in Amazon.com by 112.5% in the 4th quarter. Contravisory Investment Management Inc. now owns 34 shares of the e-commerce giant’s stock valued at $51,000 after buying an additional 18 shares during the period. Finally, O Brien Wealth Partners LLC increased its stake in Amazon.com by 104.8% in the 4th quarter. O Brien Wealth Partners LLC now owns 43 shares of the e-commerce giant’s stock valued at $72,000 after buying an additional 22 shares during the period. Institutional investors and hedge funds own 55.51% of the company’s stock.

NASDAQ:AMZN opened at $1,855.32 on Thursday. Amazon.com, Inc. has a 1 year low of $1,307.00 and a 1 year high of $2,050.50. The company has a current ratio of 1.09, a quick ratio of 0.83 and a debt-to-equity ratio of 0.48. The firm has a market capitalization of $917.56 billion, a P/E ratio of 92.12, a PEG ratio of 2.12 and a beta of 1.62.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, April 25th. The e-commerce giant reported $7.09 earnings per share for the quarter, beating analysts’ consensus estimates of $4.61 by $2.48. Amazon.com had a net margin of 4.97% and a return on equity of 28.91%. The firm had revenue of $59.70 billion during the quarter, compared to the consensus estimate of $59.73 billion. During the same period in the prior year, the firm earned $3.27 EPS. The business’s revenue was up 17.0% on a year-over-year basis. Research analysts forecast that Amazon.com, Inc. will post 26.55 EPS for the current year.

In other Amazon.com news, VP Shelley Reynolds sold 379 shares of the stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $1,838.32, for a total value of $696,723.28. Following the completion of the sale, the vice president now directly owns 6,307 shares of the company’s stock, valued at approximately $11,594,284.24. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Brian T. Olsavsky sold 1,763 shares of the stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $1,828.48, for a total transaction of $3,223,610.24. Following the completion of the sale, the chief financial officer now directly owns 2,479 shares of the company’s stock, valued at $4,532,801.92. The disclosure for this sale can be found here. Over the last three months, insiders sold 12,932 shares of company stock valued at $24,196,737. Insiders own 16.10% of the company’s stock.

Several brokerages have recently commented on AMZN. CIBC increased their price target on shares of Amazon.com from $1,975.00 to $2,085.00 and gave the stock an “outperform” rating in a research note on Monday, April 1st. Oppenheimer increased their price target on shares of Amazon.com from $1,975.00 to $2,085.00 and gave the stock an “outperform” rating in a research note on Monday, April 1st. Aegis restated a “buy” rating and set a $2,250.00 price target (up previously from $2,225.00) on shares of Amazon.com in a research note on Friday, April 26th. JPMorgan Chase & Co. increased their price target on shares of Amazon.com from $2,050.00 to $2,200.00 and gave the stock an “overweight” rating in a research note on Friday, April 26th. Finally, JMP Securities increased their price target on shares of Amazon.com from $2,050.00 to $2,275.00 and gave the stock an “outperform” rating in a research note on Monday, April 29th. Five research analysts have rated the stock with a hold rating and forty-three have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $2,196.39.

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Amazon.com Company Profile

Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS) segments. It sells merchandise and content purchased for resale from third-party sellers through physical stores and online stores.

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Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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