Was Ronald Hua’s QTRON Investments Right About These 5 Stocks?

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

QTRON Investments’ Stake Value: $10.4 million
Percentage of QTRON Investments’ 13F Portfolio: 2.79%
AMZN’s Performance Over the Past 12 Months as of November 19: -48%

Incorporated in the year 1994 in the state of Washington and reincorporated in 1996 in the state of Delaware, Amazon.com, Inc. (NASDAQ:AMZN) is a leading online retailer and an American multinational technology company. The company is one of the highest-grossing e-commerce aggregators.

At the end of the third quarter of 2021, the company represents 2.79% of the total investment portfolio of the hedge fund. Bank of America analyst Justin Post gave a Buy rating on Amazon.com, Inc. (NASDAQ:AMZN) with a price target of $4,250, saying that the tech giant continues to gain online market share.

At the end of the third quarter of 2021, 242 funds out of the 867 tracked by Insider Monkey held stakes worth $42.5 billion, down from 271 in the preceding quarter worth $60.4 billion.

Davis Funds, an investment management firm, published its Q3 2021 investor letter and mentioned Amazon.com, Inc. (NASDAQ:AMZN). Here is what the fund has to say about the company:

“E-commerce, online search and advertising, social media and software are another component of the portfolio that have proven, attractive businesses. The online portion of the Fund is currently dominated by such market leaders as Amazon.com. We are attracted to these names based on the size and rapid expansion of their market opportunities globally, their ability to generate and grow new revenue sources through constant innovation, ample operating leverage as they continue to scale and capable, focused, highly competitive leadership teams. If purchased at sensible prices, these types of businesses in our experience can contribute meaningfully to long-term results.”