Investment Firms Increase Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Are you looking to invest in a company that has been consistently growing and showing strong performance? Look no further than Amazon.com, Inc. (NASDAQ:AMZN). With a market cap of $2.08 trillion, Amazon has been a powerhouse in the e-commerce industry, and institutional investors and hedge funds have taken notice.

Griffin Asset Management Inc. recently increased its holdings in Amazon by 0.9%, now owning 72,389 shares of the company’s stock. Other notable investors, such as Longbow Finance SA, Manchester Global Management UK Ltd, and Mystic Asset Management Inc., have also seen significant growth in their positions in Amazon.

In terms of price performance, Amazon’s stock has been on the rise, with a 52-week low of $118.35 and a high of $200.55. The company reported strong quarterly earnings, beating analysts’ estimates and showing a return on equity of 19.86%.

Insider activity has also been notable, with CEO Adam Selipsky and insider Jeffrey P. Bezos selling shares of the company’s stock. However, analysts remain bullish on Amazon, with several firms upping their price targets and giving the company a “buy” rating.

Amazon’s business profile includes retail sales, advertising, and subscription services, as well as the manufacturing and selling of electronic devices. With a strong presence in North America and internationally, Amazon continues to be a leader in the industry.

If you’re interested in learning more about Amazon and its potential for growth, be sure to check out the latest research report on the company. And for a comprehensive look at Amazon’s holdings and insider trades, visit HoldingsChannel.com for the most up-to-date information.

Don’t miss out on the opportunity to invest in a company with a track record of success and a promising future. Stay informed with the latest news and ratings for Amazon.com by signing up for MarketBeat.com’s daily email newsletter.