Stocks
Beacon Pointe Advisors Acquires New Stake in Amazon.com
Beacon Pointe Advisors LLC, a financial institution, has acquired a new position in Amazon.com, Inc. (NASDAQ:AMZN) during the second quarter, according to its most recent 13F filing with the SEC.
The company purchased 885,351 shares of the e-commerce giant's stock, valued at approximately $211,009,000.
This acquisition represents about 1.0% of Beacon Pointe Advisors LLC's portfolio, making Amazon.com its 15th largest holding.
Amazon.com has a market cap of $2.69 trillion, with a P/E ratio of 20.09 and a beta of 1.44.