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Institutional investors boosted stakes in Amazon, which reported strong earnings and a market cap of $2.32 trillion.
In the third quarter of 2024, several institutional investors increased their stakes in Amazon, including Allen Capital Group LLC and Meridian Wealth Management LLC.
Amazon reported strong earnings of $1.43 per share, surpassing estimates, and saw a market capitalization of $2.32 trillion.
The company's stock opened at $220.22, with a PE ratio of 47.16, and analysts have a "Moderate Buy" consensus rating with a price target of $243.00.
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Los inversores institucionales impulsaron las acciones en Amazon, que reportaron fuertes ganancias y un tope de mercado de $2,32 billones.