Hudson Portfolio Management Doubles Down on Amazon.com
Hudson Portfolio Management LLC acquired 2,689 shares of Amazon.com's stock in the second quarter, worth approximately $641,000. This is not an isolated incident; multiple hedge funds and institutional investors have recently modified their holdings of the business.
Elevation Point Wealth Partners LLC purchased a new stake in Amazon.com during the second quarter valued at around $76 million. Other notable purchases include Alta Advisers Ltd's $22 million investment, Daiichi Life Insurance Co. Ltd.'s $126.5 million purchase, Commerce Bank's $622.97 million acquisition, and GQG Partners LLC's $136.8 million stake.
Institutional investors currently own 72.2% of the stock. Analysts have been positive about Amazon.com's prospects, with JPMorgan Chase & Co. raising their price target from $330 to $365 and giving the stock an 'overweight' rating.