Wealth Effects LLC Takes Stakes in Amazon.com Amid E-Commerce Giant's Expansion
Wealth Effects LLC has acquired a new position in Amazon.com Inc's (NASDAQ: AMZN) shares, as disclosed in its latest 13F filing with the SEC. The institutional investor bought approximately 63,876 shares of the e-commerce giant's stock, valued at around $15.2 million.
This represents about 4.1% of Wealth Effects LLC's holdings, making Amazon.com its sixth largest position among the company's portfolio.
Several other large investors have also made changes to their positions in Amazon.com during the second and fourth quarters. Longfellow Investment Management Co. LLC purchased a new position in shares of Amazon.com worth about $33,000, while MilWealth Group LLC grew its holdings in shares of Amazon.com by 79%.
Amazon.com's stock price opened at $251.89 on Friday, with a market capitalization of $2.72 trillion and a P/E ratio of 20.26. The company has a 52-week low of $196.00 and a 52-week high of $287.20.