Puff Wealth Management Buys New Stake in Amazon.com
Puff Wealth Management LLC has acquired a new stake in Amazon.com, Inc. (NASDAQ:AMZN) in its second-quarter filings with the Securities and Exchange Commission. The fund bought approximately 11,144 shares of the e-commerce giant's stock, valued at $2,656,000.
The investment makes up 2.7% of Puff Wealth Management LLC's portfolio, making it their 11th largest holding. Other notable investors in Amazon.com include Brighton Jones LLC, which increased its holdings by 10.9% in the fourth quarter, and Bank Pictet & Cie Europe AG, which grew its stake by 2.8% during the same period.
Amazon has a current market cap of $2.87 trillion, with a PE ratio of 21.39 and a beta of 1.45. The company's 50-day moving average price is $249.09, and its two-hundred day moving average price is $239.06.
The firm reported $5.75 earnings per share for the latest quarter, beating analysts' estimates by $3.93. Revenue for the quarter was up 19.6% year-over-year to $200.61 billion, with AWS revenue growing 37% year over year to $42.2 billion.