Amazon.com Continues to Attract Institutional Investors
Brasada Capital Management LP has acquired a new position in Amazon.com, Inc. (NASDAQ:AMZN) during the second quarter, according to its latest disclosure with the Securities and Exchange Commission.
The institutional investor bought 64,191 shares of the e-commerce giant's stock, valued at approximately $15,299,000. This represents about 0.0% of Brasada Capital Management LP's investment portfolio, making Amazon.com its 29th biggest holding.
Other hedge funds have also made changes to their positions in AMZN during the second quarter. Silvant Capital Management LLC acquired a new position worth about $60,065,000. Northstar Financial Companies Inc. acquired a new stake valued at approximately $3,376,000.
A number of equities analysts have recently weighed in on AMZN shares, with TD Cowen reissuing a 'buy' rating and setting a price target of $350.00 (up from $340.00) on Friday, July 31st. Pivotal Research reiterated a 'buy' rating and set a target price of $333.00 (up from $320.00) on the same day.