Stocks
One Wealth Advisors Acquires New Stake in Amazon.com
One Wealth Advisors LLC has acquired a new stake in Amazon.com, Inc. (NASDAQ:AMZN) valued at approximately $6,845,000, according to its most recent disclosure with the Securities and Exchange Commission.
The institutional investor purchased 28,719 shares of the e-commerce giant's stock during the second quarter, which comprises about 0.8% of One Wealth Advisors LLC's portfolio, making Amazon.com its 13th biggest position.
Amazon.com has been a subject of multiple research reports, with Sanford C. Bernstein reissuing an 'outperform' rating and increasing its price objective to $320.00. The consensus rating among analysts is 'Moderate Buy,' with a target price of $323.26.