Stocks
Amazon.com Shares Surge as Institutional Investors Take a Bite
A recent SEC filing reveals that Caitlin John LLC acquired 2,905 shares of Amazon.com, Inc. (NASDAQ:AMZN) in the second quarter, valued at approximately $692,000.
This is not an isolated instance; other institutional investors have also been purchasing and selling AMZN shares. Trust Asset Management LLC lifted its stake in shares of Amazon.com by 3.3% in the 2nd quarter.
Analysts remain optimistic about Amazon's prospects, with Roth Capital reaffirming a 'buy' rating and setting a $325.00 target price on shares of Amazon.com in a research note on August 3rd.