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flag Institutional investors boosted stakes in Amazon, which reported strong earnings and a market cap of $2.32 trillion.

flag In the third quarter of 2024, several institutional investors increased their stakes in Amazon, including Allen Capital Group LLC and Meridian Wealth Management LLC. flag Amazon reported strong earnings of $1.43 per share, surpassing estimates, and saw a market capitalization of $2.32 trillion. flag 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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