Amazon.com Receives Encouraging Buy Rating from Pivotal Research
On October 11, 2024, Pivotal Research began their coverage of Amazon.com (BRSE:AMZN) with a strong Buy recommendation.
Growing Fund Interest in Amazon.com
A total of 6,846 funds and institutions have reported their positions in Amazon.com, marking an increase of 117 owners, or 1.74%, from the previous quarter. The average portfolio weight of all funds dedicated to AMZN is now at 2.50%, reflecting a growth of 2.19%. Notably, total shares owned by institutions rose by 5.67% over the last three months, totaling 7,337,459K shares.
Vanguard Total Stock Market Index Fund Investor Shares (VTSMX) holds 295,886K shares, equating to 2.82% ownership. This reflects an increase of 0.68% from their previous total of 293,875K shares and signifies a 4.90% boost in their portfolio allocation for AMZN this quarter.
Vanguard 500 Index Fund Investor Shares (VFINX) owns 235,043K shares, amounting to 2.24% ownership. Previously, they reported 230,356K shares, marking a growth of 1.99% and a 3.48% increase in their portfolio allocation in AMZN.
Geode Capital Management holds 193,369K shares, representing 1.84% ownership. This is an increase from 187,843K shares, showcasing a 2.86% growth and a 4.66% rise in their overall portfolio allocation for AMZN over the last quarter.
Price T Rowe Associates has 181,610K shares, reflecting 1.73% ownership. This shows a decrease from their previous holding of 189,705K shares, representing a drop of 4.46%. However, they still managed to increase their portfolio allocation in AMZN by 0.13% over the last quarter.
JPMorgan Chase possesses 172,868K shares, equal to 1.65% ownership. This total has increased from 171,742K shares, indicating a rise of 0.65%, alongside a 4.72% increase in their portfolio allocation in AMZN.
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