Amazon.com Stake Boosted by Revolve Wealth Partners LLC Amid Earnings Success
Revolve Wealth Partners LLC has increased its stake in Amazon.com, Inc. by 14.2% during the second quarter, according to the company's most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,651 shares of Amazon.com's stock after purchasing an additional 3,441 shares during the quarter.
Amazon.com comprises about 0.7% of Revolve Wealth Partners LLC's investment portfolio, making it its 27th biggest position. As of its most recent filing with the SEC, the value of Revolve Wealth Partners LLC's holdings in Amazon.com was $6,590,000.
The e-commerce giant reported $5.75 EPS for the quarter, topping the consensus estimate of $1.82 by $3.93. Amazon.com had a return on equity of 18.00% and a net margin of 17.44%. The company's revenue was up 19.6% on a year-over-year basis.