Amit Nitin Doshi’s Harbor Spring Capital Portfolio: Top 5 Stock Picks

4. Amazon.com, Inc. (NASDAQ:AMZN)

Harbor Spring Capital’s Stake Value: $42,706,000

Percentage of Harbor Spring Capital’s 13F Portfolio: 3.00%

Number of Hedge Fund Holders: 271

Billionaire Jeff Bezos’ Amazon.com, Inc. (NASDAQ:AMZN) is a tech mega corporation, specializing in ecommerce, artificial intelligence, cloud computing, and digital streaming. It was revealed in a November 15 story that Amazon.com, Inc. (NASDAQ:AMZN) will collaborate with International Business Machines Corporation (NYSE:IBM) to speed up the energy sector’s transition to the cloud, which will allow them to benefit from the on-demand services provided by AWS Cloud and IBM Cloud, resultantly freeing up resources and capital for energy companies to invest in a sustainable future. 

Doshi’s Harbor Spring Capital holds 13,000 shares in Amazon.com, Inc. (NASDAQ:AMZN) as of September 2021, worth $42.7 million, representing 3% of the firm’s investment portfolio. 

The Q3 results for Amazon.com, Inc. (NASDAQ:AMZN) failed to meet analysts’ expectations. Earnings for the quarter were announced on October 28, with EPS for the period totaling $6.12, missing analysts’ consensus estimates by $2.78. Similarly, revenue for Q3 came in at $110.81 billion, missing target revenue by -$784.89 million. 

Ivan Feinseth from Tigress Financial kept a Buy rating on Amazon.com, Inc. (NASDAQ:AMZN) on November 10, raising the price target from $4,370 to $4,460. The analyst believes that 2022 sales growth will be solid, and Amazon.com, Inc. (NASDAQ:AMZN) is positioned well to navigate the supply chain bottlenecks. 

Here is what Polen Capital has to say about Amazon.com, Inc. (NASDAQ:AMZN) in its Q3 2021 investor letter:

“Amazon has also lagged as its revenue growth is slowing on the very difficult comparisons from last year when this behemoth was growing revenue by over 40%. We still expect exceptional long-term growth and significant margin expansion as the fastest growing (and now large) segments of Amazon are also generating the highest margins.”