Maripau Wealth Management Doubles Down on Amazon

Maripau Wealth Management LLC has increased its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 23.6% in the first quarter.

The firm purchased an additional 2,434 shares during the period, bringing its total holdings to 12,761 shares of Amazon's stock.

Maripau Wealth Management LLC's investment portfolio is valued at $2,658,000, with Amazon.com accounting for approximately 1.2% of its holdings.

The company's e-commerce giant accounts for the 23rd largest holding in Maripau Wealth Management LLC's investment portfolio.

Amazon.com reported a revenue of $200.61 billion for the quarter, up 19.6% year-over-year, and earnings per share of $5.75, beating analysts' consensus estimates of $1.82.