Amazon's Stock Soars as Dockside LLC Takes a Major Stake

Dockside LLC has acquired 9,451 shares of Amazon.com, Inc. (NASDAQ:AMZN) stock in its most recent disclosure to the SEC. This new position is valued at approximately $2,253,000.

The firm's purchase is not the only change in Amazon's ownership structure. Trust Asset Management LLC has increased its stake in the e-commerce giant by 3.3% during the second quarter, while MilWealth Group LLC boosted its position by 79.0% during the same period.

Analysts have also been weighing in on AMZN shares, with Wedbush raising their price target from $293.00 to $310.00 and giving the stock an 'outperform' rating. BMO Capital Markets has reiterated its 'outperform' rating and issued a $360.00 price objective.

Amazon.com's recent quarterly earnings report showed that the company earned $5.75 per share, beating analysts' expectations by $3.93. The firm's revenue was up 19.6% year over year, and it has a market capitalization of $2.79 trillion.