one8zero8 LLC Acquires New Stake in Amazon.com
one8zero8 LLC has acquired a new stake in Amazon.com, Inc. (NASDAQ:AMZN), purchasing 43,803 shares of the e-commerce giant's stock during the second quarter.
The institutional investor bought the shares valued at approximately $10,440,000, making them one of the largest shareholders of Amazon.com, with its holdings accounting for about 2.1% of one8zero8 LLC's total portfolio.
This is not an isolated instance; other large investors have also recently acquired and sold shares of Amazon.com, including Longfellow Investment Management Co. LLC, MilWealth Group LLC, Lifetime Wealth Management P.C., Prudent Man Investment Management Inc., and Strategic Wealth Advisors LLC.
The recent investment in Amazon.com has been met with positive sentiment from Wall Street analysts, who have issued reports on the company's growth prospects. Royal Bank Of Canada raised its price target for Amazon.com shares to $330.00, while Pivotal Research reiterated a 'buy' rating and increased its price objective to $333.00.