Stocks
Worth Asset Management Ups Stake in Amazon by 30.4%
Worth Asset Management LLC has increased its stake in Amazon.com, Inc. by 30.4% during the second quarter.
The firm now owns 8,400 shares of the e-commerce giant's stock, valued at $2,002,000, according to its most recent 13F filing with the Securities and Exchange Commission.
This represents Amazon.com making up 0.6% of Worth Asset Management LLC's investment portfolio, ranking it as their 28th biggest holding.
Amazon.com reported a net profit margin of 17.44% and a return on equity of 18.00% in its latest earnings report, topping analysts' consensus estimates by $3.93 per share.