Stillwater Private Wealth Buys New Stake in Amazon.com
Stillwater Private Wealth LLC has purchased a new stake in Amazon.com, Inc. (NASDAQ: AMZN) shares during the first quarter, according to its latest Form 13F filing with the SEC.
The firm acquired approximately 4,952 shares of Amazon's stock, valued at around $1,031,000.
This is not an isolated instance; numerous other hedge funds and institutional investors have recently altered their positions in AMZN. For example, Brighton Jones LLC increased its stake by 10.9% during the fourth quarter, owning 4,036,091 shares worth approximately $885,478,000 after acquiring an additional 397,007 shares.
Amazon's e-commerce business continues to experience growth, with a 19.6% revenue increase in the latest quarter compared to the same period last year. Analysts forecast that Amazon will post earnings per share of 8.05 for the current fiscal year.