Category: Markets
Published: 2026-07-07T14:21:19.000Z
Red Door Wealth Management LLC increased its stake in Amazon.com, Inc. by 1.7% in Q1, acquiring 2,171 additional shares, bringing its total holding to 132,673 shares valued at approximately $27.6 million. Amazon reported strong quarterly results with earnings of $2.78 per share and revenue of $181.52 billion, surpassing expectations. Despite recent stock weakness, analysts maintain a "Moderate Buy" consensus with an average price target of $312.79, and institutional ownership remains high at 72.2%.
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