The European Central Bank must avoid an excessively restrictive approach that could further burden economic activity and investment, according to Governing Council member Yannis Stournaras . “In the event of a significant but temporary excess of the inflation target, the response should be balanced,” Bank of Greece’s head said Monday, speaking to lawmakers during the process of his reappointment ....
The European Central Bank must avoid an excessively restrictive approach that could further burden economic activity and investment, according to Governing Council member Yannis Stournaras . “In the event of a significant but temporary excess of the inflation target, the response should be balanced,” Bank of Greece’s head said Monday, speaking to lawmakers during the process of his reappointment . European policymakers already discussed the possibility of lifting interest rates at their last meeting. For Stournaras what’s needed is a “careful adjustment of monetary policy toward a more restrictive direction that will be able to limit the intensity of the secondary effects without, however, disproportionately affecting economic activity.” Monday’s comments come after the Greek central bank chief told Bloomberg last week that preserving the ECB’s credibility is a strong argument in favor of a hike on June 11. Economists and investors predict a quarter-point move at that time, and several Governing Council members have suggested that such an outcome may be inevitable in the absence of a lasting peace deal between the US and Iran. ECB Hike May Be Inevitable to Keep Credibility, Stournaras Says ECB Likely to Revise Its Inflation Outlook in June, Lagarde Says ECB Faces Pressure to Hike as Iran War Feeds Prices, Kocher Says
ozgurdonmaz/iStock Unreleased via Getty Images Almost a year ago, I wrote an article covering Apple ( AAPL ). My thesis was that the company fails to meet several known metrics of quality as described in my Five Factor Model , and that the company's AI and device headwinds were not signs of strength at almost 35x earnings. Apple: Steady EPS Compounder, But The Past Will Not Repeat Clearly, I was d...
ozgurdonmaz/iStock Unreleased via Getty Images Almost a year ago, I wrote an article covering Apple ( AAPL ). My thesis was that the company fails to meet several known metrics of quality as described in my Five Factor Model , and that the company's AI and device headwinds were not signs of strength at almost 35x earnings. Apple: Steady EPS Compounder, But The Past Will Not Repeat Clearly, I was dead wrong in terms of how the price action has turned out. But, earnings have materialized how I expected, with very low teens EPS growth, compared to 33.8% from the Mag 5 (Amazon ( AMZN ), Microsoft ( MSFT ), Alphabet ( GOOGL ), Meta Platforms ( META ), Nvidia ( NVDA )) in the forward year of 2025 since that article. much of the appreciation has been due to a valuation change, starting at a somewhat ridiculous 34.5x blended adjusted earnings, towards the current blended valuation of nearly 37x earnings. I've revisited my thesis and found three key reasons Apple's prospects 18 months later are no better, and actually worse, than they were since my initial article compared to alternatives, and in particular, I'll make the case that Apple will no longer remain within the Mag 7 by the end of 2030. 1. Apple's AI Strategy Continues into the Wilderness, With One Caveat 18 months ago investors were hearing about Apple's initial partnership with Open AI . This created excitement, or relief, for shareholders and generated ample discussion online and within the financial media. Most importantly, the partnership was largely seen as an admission of weakness , as well as a genius move by Apple. Given Apple has prided itself as a branded consumer products company instead of a technology-first company, with a work culture and ethos that has long reflected this , the company had no chops in AI like Google did leading up to the initial launch of ChatGPT in late 2022. Google's purchase of DeepMind in 2014 allowed for the development of Google Gemini (then called Bard), launched within nine w...
thexfilephoto/iStock via Getty Images All the year-to-date action across the Energy sector has been in the major integrateds, beginning with notable gains in Exxon Mobil ( XOM ) and Chevron ( CVX ) back in January. Alpha was then seen among domestic drillers, as WTI crude soared from under $70 per barrel to above $100. Oil service stocks have also performed well amid geopolitical conflicts, first ...
thexfilephoto/iStock via Getty Images All the year-to-date action across the Energy sector has been in the major integrateds, beginning with notable gains in Exxon Mobil ( XOM ) and Chevron ( CVX ) back in January. Alpha was then seen among domestic drillers, as WTI crude soared from under $70 per barrel to above $100. Oil service stocks have also performed well amid geopolitical conflicts, first in Venezuela in January and then the war in Iran that began in late February. All the while, often steady midstream pipeline partnerships have tallied solid gains. MPLX ( MPLX ) has returned 10% so far in 2026, slightly outperforming the S&P 500 ETF ( SPY ). I upgraded the Energy sector stock in December , and units have returned 5.7% since then. Today, I reiterate a buy rating. I’ll offer color on the Q1, units’ valuation, and the technical situation heading into mid-year. MPLX: 10% YTD Total Return stockcharts.com In May, MPLX r eported a soft set of quarterly results. Q1 GAAP earnings per unit of $0.90 missed the consensus forecast of $1.05, while revenue of $3.0 billion, down 3% from the same quarter a year ago, was a small $50 million miss. The firm noted mid-single-digit growth initiatives through expansion in the Permian, while guidance included Q1 net income attributable to MPLX of $912 million. Shares declined 2.6% in the session that followed, making it four negative reactions in the last five, despite a generally healthy overall performance chart. Looking ahead to the August Q1 report, the options market prices in a small 3.0% earnings-related unit price swing based on the at-the-money straddle expiring soonest after the release. Implied volatility on units of the now $57 billion Oil & Gas Midstream-industry partnership is low at 19.8.%, the yield is high at 7.63% (forward), and short interest is very muted at 0.7%. Looking back on the quarter that was, MPLX tallied record adjusted EBITDA of $1.7 billion, with overall decent operational performance and key growth...
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Shares in Delivery Hero rose over 10% on Monday morning following a Financial Times report that U.S. rival Uber weighed an improved bid for the German food delivery firm. Delivery Hero confirmed in a statement on Saturday that it had received a takeover offer from Uber of €33 ($38.29) per share, which would value the company's market capitalization at over €10bn. The German company added it "remai...
Shares in Delivery Hero rose over 10% on Monday morning following a Financial Times report that U.S. rival Uber weighed an improved bid for the German food delivery firm. Delivery Hero confirmed in a statement on Saturday that it had received a takeover offer from Uber of €33 ($38.29) per share, which would value the company's market capitalization at over €10bn. The German company added it "remains fully focused on executing its strategic review process and further updates will be provided as required or appropriate". Delivery Hero shares opened 10.5% higher. On Sunday, the FT reported that Uber's board had convened on Saturday to discuss an improved bid for its Berlin-based counterpart, after a €38 per share offer was reportedly rejected by one of Delivery Hero's major shareholders. Delivery Hero said last week that Uber had increased its holding to about 19.5% of issued capital from roughly 7%, becoming its largest shareholder. Shares in Uber fell 2.4 % following the news on Friday. If the deal were to be successful, it would represent further consolidation in the food delivery sector, after DoorDash acquired Deliveroo and Prosus bought Just Eat last year. Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.
Morsa Images/DigitalVision via Getty Images TEVA Q1 2026 Earnings update: reinforcing my buy rating Teva ( TEVA ) delivered a robust Q1 2026 print, further substantiating the company's pivot to growth strategy and my thesis from my initiation report , which is translating to more tangible commercial and also financial momentum. Company IR The company reported revenue of $3.982B, and the non-GAAP E...
Morsa Images/DigitalVision via Getty Images TEVA Q1 2026 Earnings update: reinforcing my buy rating Teva ( TEVA ) delivered a robust Q1 2026 print, further substantiating the company's pivot to growth strategy and my thesis from my initiation report , which is translating to more tangible commercial and also financial momentum. Company IR The company reported revenue of $3.982B, and the non-GAAP EPS of $0.53 came ahead of the consensus expectation. I believe the key message or key takeaway from this quarter is that Teva is increasingly being driven by more high-value innovative assets rather than its relatively boring legacy generic base with limited upside (with more political pressure from all nations). The guidance has been maintained by the management at $16-16.48Bn, which is positive in my view. If we do a deep dive around the key drivers of earnings, the innovative neuroscience franchise, namely AUSTEDO, AJOVY, and Uzedy, collectively generated $838M in Q1 revenue, which is ~41% up year over year in local currency. Although, generics business offset the innovative medicine segments, revenue was down 16% year over year, primarily due to US competition for lenalidomide capsules and divestment of the Japanese business venture, which I believe should have already been expected by investors as part of the company's grand transition story. I continue to see the generics franchise as less of a growth engine and more of a cash-generative platform that can fund Teva's shift toward high-margin innovative medicines and biosimilars. In my view, Biosimilars are becoming more and more of a visible contributor. Importantly, I want to highlight the fact that PONLIMSI was approved as a Prolita biosimilar and the Xolair biosimilar was accepted for review by both the FDA and EMA. Furthermore, the profitability was better than what the market feared, with a non-GAAP gross margin of 52.9%, which was stable year over year and supported by AUSTEDO mix, some offset from the US generi...
The major stock market indexes are hovering around all-time highs, but the economy is chock-full of cracks beneath the surface. Higher gas prices are adding even more pressure on already strained consumers. The housing market is in a prolonged, multi-year slowdown. Wage growth isn't keeping up with the cost of living, and the labor market faces profound paradigm shifts driven by artificial intelli...
The major stock market indexes are hovering around all-time highs, but the economy is chock-full of cracks beneath the surface. Higher gas prices are adding even more pressure on already strained consumers. The housing market is in a prolonged, multi-year slowdown. Wage growth isn't keeping up with the cost of living, and the labor market faces profound paradigm shifts driven by artificial intelligence (AI). Here's why Walmart (WMT 0.88%) and Costco Wholesale (COST 2.11%) are two of the most "recession-proof" stocks out there, why they may appeal to risk-averse investors, and which is the better buy now. Value is in vogue Walmart and Costco have operating margins of just 4.2% and 3.8%, respectively -- meaning they are converting around just $0.04 of every dollar in sales into operating income. But both companies offset these low margins with massive sales volume, passing along value to customers by offering low prices through elite supply chains and efficient operations. Walmart and Costco continue to control a greater portion of their shelf space through their private labels: Costco Wholesale's Kirkland Signature, Walmart's Great Value, and Sam's Club's Member's Mark. While name brands have to justify higher prices through quality guarantees and customer trust, private labels undercut them and deliver more value, which is exactly what folks looking to stretch their dollars are seeking. Walmart and Costco have expanded far beyond their in-store experiences, with Walmart rapidly gaining ground in e-commerce through its Walmart+ home delivery subscription service. Walmart and Costco both offer tons of services, from fuel and auto care to pharmacy, health and wellness, and financial services. Since value is ingrained in both companies' brand messaging, Walmart and Costco have grown their top and bottom lines steadily, while many other retailers and consumer goods companies are experiencing revenue and margin declines. Expand NASDAQ : WMT Walmart Today's Change ( -0.88 ...
Ross Stores Today ROST Ross Stores $234.81 0.00 (0.00%) 52-Week Range $124.49 ▼ $235.80 Dividend Yield 0.76% P/E Ratio 32.79 Price Target $230.88 Add to Watchlist Ross Stores Inc. NASDAQ: ROST demonstrated once again that bargain hunting is alive and well in today's economy. The off-price retailer posted strong first-quarter results on May 21 as higher customer traffic across the board helped driv...
Ross Stores Today ROST Ross Stores $234.81 0.00 (0.00%) 52-Week Range $124.49 ▼ $235.80 Dividend Yield 0.76% P/E Ratio 32.79 Price Target $230.88 Add to Watchlist Ross Stores Inc. NASDAQ: ROST demonstrated once again that bargain hunting is alive and well in today's economy. The off-price retailer posted strong first-quarter results on May 21 as higher customer traffic across the board helped drive growth. The results also extended the company's streak of better-than-expected earnings and helped reignite momentum in the stock. Get Ross Stores alerts: Sign Up Shares, which had pulled back recently as investors took a breather after an impressive run, rose nearly 7% and hit a new all-time high following the report. Strong Traffic Growth Fuels Earnings Beat Revenue for the quarter rose 21% year over year to $6.01 billion, topping analyst estimates by $369 million. Comparable store sales increased 17% from the prior-year period. Customer traffic was the primary driver of the strong sales trend, though the company said higher tax refunds also helped support consumer spending. On the earnings call, Chief Executive James Conroy said the increase in traffic was broad-based among demographic groups. "We saw healthy increases in customer count on a comp store basis across income levels, ethnicities, and all age groups, including the young customers." The strong sales performance also helped drive meaningful margin expansion. Operating margin came in at 13.4%, well above the company's estimate of 11.8% to 12.1%. Net income rose to $650 million from $479 million last year, while earnings per share increased to $2.02 from $1.47 in the prior-year period, and easily topped Wall Street expectations of $1.73 per share. Ross Stores Raises Full-Year Outlook Ross Stores also provided upbeat second-quarter guidance and raised its full-year outlook. For the second quarter, the company expects comparable store sales growth of 6% to 7%, which could translate to earnings per share of $1.85 ...
A Chinese online brokerage tycoon lost more than a quarter of his fortune in a single day after Beijing cracked down on cross-border stock trading to tighten control over capital outflows. The wealth of Leaf Li , the billionaire founder and chief executive officer of Futu Holdings Ltd. , slumped by $1.7 billion to $4.7 billion as of Friday, according to the Bloomberg Billionaires Index. That’s les...
A Chinese online brokerage tycoon lost more than a quarter of his fortune in a single day after Beijing cracked down on cross-border stock trading to tighten control over capital outflows. The wealth of Leaf Li , the billionaire founder and chief executive officer of Futu Holdings Ltd. , slumped by $1.7 billion to $4.7 billion as of Friday, according to the Bloomberg Billionaires Index. That’s less than half the $10.1 billion fortune he had at the end of October last year. The majority of his wealth is derived from his stake in Futu, which is listed in the US. Shares of Futu plunged 28% on Friday, their biggest decline in more than three years. The crackdown marks a dramatic reversal after Li’s company in March said it had been a beneficiary of Hong Kong’s boom in initial public offerings. Over half of IPO issuers in the city partnered with Futu, it said at the time. Read More: China Launches Major Crackdown on Cross-Border Stock Trading (5) Li is among a broader group of brokerage founders who amassed great wealth as China’s population began to invest in stocks. Futu, Tiger Brokers and Long Bridge Securities Ltd. are among the firms that the nation’s securities regulator said it planned to penalize for operating on the mainland without a license. Futu later said regulators proposed about $271 million in fines, while Tiger Brokers owner Up Fintech Holding Ltd. said it was subject to a combined 411 million yuan ($60 million) in fines and confiscated income. Citic Securities estimates that Futu accounts for around HK$150 billion to HK$180 billion ($19 billion to $23 billion) of the affected assets, while Tiger Brokers represents another HK$45 billion to HK$50 billion.
Joumanna Bercetche, Tom Mackenzie and Ven Ram break down today's key themes for analysts and investors on "Bloomberg: The Opening Trade." (Source: Bloomberg)
Joumanna Bercetche, Tom Mackenzie and Ven Ram break down today's key themes for analysts and investors on "Bloomberg: The Opening Trade." (Source: Bloomberg)
ABN Amro Investment Solutions acquired a new position in shares of Astera Labs, Inc. (NASDAQ:ALAB - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,307 shares of the company's stock, valued at approximately $883,000. Several other institutional investors and hedge funds also recently m...
ABN Amro Investment Solutions acquired a new position in shares of Astera Labs, Inc. (NASDAQ:ALAB - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,307 shares of the company's stock, valued at approximately $883,000. Several other institutional investors and hedge funds also recently modified their holdings of the company. Assetmark Inc. boosted its position in Astera Labs by 374.1% during the third quarter. Assetmark Inc. now owns 128 shares of the company's stock valued at $25,000 after purchasing an additional 101 shares during the last quarter. Wexford Capital LP acquired a new position in Astera Labs during the third quarter valued at approximately $39,000. Hilltop National Bank boosted its position in Astera Labs by 100.0% during the fourth quarter. Hilltop National Bank now owns 200 shares of the company's stock valued at $33,000 after purchasing an additional 100 shares during the last quarter. Aventura Private Wealth LLC acquired a new position in Astera Labs during the fourth quarter valued at approximately $33,000. Finally, National Bank of Canada FI boosted its position in Astera Labs by 159.0% during the third quarter. National Bank of Canada FI now owns 202 shares of the company's stock valued at $39,000 after purchasing an additional 124 shares during the last quarter. 60.47% of the stock is owned by institutional investors and hedge funds. Get Astera Labs alerts: Sign Up Analyst Upgrades and Downgrades ALAB has been the subject of several recent research reports. Needham & Company LLC increased their price target on Astera Labs from $220.00 to $260.00 and gave the company a "buy" rating in a research report on Wednesday, May 6th. Morgan Stanley increased their price target on Astera Labs from $210.00 to $240.00 and gave the company an "overweight" rating in a research report on Wednesday, May 6th. TD Cowen increased their price target on ...
Academy Capital Management trimmed its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 0.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 265,379 shares of the e-commerce giant's stock after selling 1,968 shares during the period. Amazon.com makes up approximately 8.1% of Academy Capital Manageme...
Academy Capital Management trimmed its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 0.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 265,379 shares of the e-commerce giant's stock after selling 1,968 shares during the period. Amazon.com makes up approximately 8.1% of Academy Capital Management's holdings, making the stock its 4th largest holding. Academy Capital Management's holdings in Amazon.com were worth $61,255,000 at the end of the most recent reporting period. Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Fairway Wealth LLC boosted its holdings in shares of Amazon.com by 113.2% in the 3rd quarter. Fairway Wealth LLC now owns 113 shares of the e-commerce giant's stock worth $25,000 after acquiring an additional 60 shares in the last quarter. Sellwood Investment Partners LLC acquired a new position in Amazon.com during the 3rd quarter worth $27,000. Bridge Generations Wealth Management LLC lifted its holdings in Amazon.com by 2,330.0% during the 3rd quarter. Bridge Generations Wealth Management LLC now owns 243 shares of the e-commerce giant's stock worth $53,000 after buying an additional 233 shares in the last quarter. Cooksen Wealth LLC lifted its holdings in Amazon.com by 23.5% during the 2nd quarter. Cooksen Wealth LLC now owns 247 shares of the e-commerce giant's stock worth $54,000 after buying an additional 47 shares in the last quarter. Finally, Sagard Holdings Management Inc. acquired a new position in Amazon.com during the 2nd quarter worth $79,000. 72.20% of the stock is currently owned by institutional investors. Get Amazon.com alerts: Sign Up Amazon.com Stock Performance Shares of Amazon.com stock opened at $266.32 on Monday. The firm has a fifty day moving average of $239.50 and a two-hundred day moving average of $231.70. The stock has a market capitalization of $2...
44 Wealth Management LLC increased its stake in shares of Intel Corporation (NASDAQ:INTC - Free Report) by 18.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 33,087 shares of the chip maker's stock after purchasing an additional 5,199 shares during the quarter. 44 Wealth Management LLC's holdings in Intel were worth $1,221,000 as of i...
44 Wealth Management LLC increased its stake in shares of Intel Corporation (NASDAQ:INTC - Free Report) by 18.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 33,087 shares of the chip maker's stock after purchasing an additional 5,199 shares during the quarter. 44 Wealth Management LLC's holdings in Intel were worth $1,221,000 as of its most recent filing with the SEC. Several other institutional investors have also made changes to their positions in INTC. Legacy Bridge LLC bought a new position in Intel during the fourth quarter valued at approximately $26,000. Raleigh Capital Management Inc. bought a new position in Intel during the fourth quarter valued at approximately $29,000. Provenance Wealth Advisors LLC raised its position in Intel by 89.2% during the third quarter. Provenance Wealth Advisors LLC now owns 946 shares of the chip maker's stock valued at $32,000 after acquiring an additional 446 shares in the last quarter. Strengthening Families & Communities LLC bought a new position in Intel during the third quarter valued at approximately $33,000. Finally, HighMark Wealth Management LLC raised its position in Intel by 177.7% during the fourth quarter. HighMark Wealth Management LLC now owns 886 shares of the chip maker's stock valued at $33,000 after acquiring an additional 567 shares in the last quarter. 64.53% of the stock is currently owned by institutional investors and hedge funds. Get Intel alerts: Sign Up Insiders Place Their Bets In other Intel news, EVP Boise April Miller sold 40,256 shares of Intel stock in a transaction on Friday, May 1st. The shares were sold at an average price of $99.53, for a total transaction of $4,006,679.68. Following the sale, the executive vice president owned 105,077 shares in the company, valued at $10,458,313.81. The trade was a 27.70% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commis...
AM Investment Strategies LLC boosted its stake in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 5.0% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 22,755 shares of the social networking company's stock after buying an additional 1,089 shares during the quarter. Meta Platforms makes up about 3.1% of AM Investment S...
AM Investment Strategies LLC boosted its stake in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 5.0% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 22,755 shares of the social networking company's stock after buying an additional 1,089 shares during the quarter. Meta Platforms makes up about 3.1% of AM Investment Strategies LLC's holdings, making the stock its 7th biggest position. AM Investment Strategies LLC's holdings in Meta Platforms were worth $15,020,000 as of its most recent filing with the SEC. A number of other institutional investors and hedge funds have also recently bought and sold shares of META. Vanguard Group Inc. lifted its stake in Meta Platforms by 3.8% in the 4th quarter. Vanguard Group Inc. now owns 199,995,630 shares of the social networking company's stock valued at $132,015,115,000 after buying an additional 7,269,279 shares in the last quarter. State Street Corp lifted its stake in shares of Meta Platforms by 1.9% during the 2nd quarter. State Street Corp now owns 86,925,674 shares of the social networking company's stock worth $64,158,971,000 after purchasing an additional 1,650,435 shares during the period. Danske Bank A S purchased a new position in shares of Meta Platforms during the 3rd quarter worth $1,191,175,000. PFA Pension Forsikringsaktieselskab purchased a new position in shares of Meta Platforms during the 4th quarter worth $813,994,000. Finally, Concentrum Wealth Management lifted its stake in shares of Meta Platforms by 948.7% during the 3rd quarter. Concentrum Wealth Management now owns 1,243,577 shares of the social networking company's stock worth $913,000 after purchasing an additional 1,124,998 shares during the period. Hedge funds and other institutional investors own 79.91% of the company's stock. Get Meta Platforms alerts: Sign Up Insider Activity at Meta Platforms In related news, CTO Andrew Bosworth sold 7,847 shares of the stock in a...
Advanced Asset Management Advisors Inc lowered its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 10.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 44,067 shares of the e-commerce giant's stock after selling 5,148 shares during the period. Amazon.com accounts for 2.8% of Advanced Asset Mana...
Advanced Asset Management Advisors Inc lowered its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 10.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 44,067 shares of the e-commerce giant's stock after selling 5,148 shares during the period. Amazon.com accounts for 2.8% of Advanced Asset Management Advisors Inc's investment portfolio, making the stock its 11th biggest holding. Advanced Asset Management Advisors Inc's holdings in Amazon.com were worth $10,172,000 as of its most recent filing with the Securities & Exchange Commission. A number of other hedge funds have also bought and sold shares of AMZN. Brighton Jones LLC grew its stake in Amazon.com by 10.9% in the 4th quarter. Brighton Jones LLC now owns 4,036,091 shares of the e-commerce giant's stock valued at $885,478,000 after buying an additional 397,007 shares in the last quarter. Revolve Wealth Partners LLC grew its stake in Amazon.com by 4.1% in the 4th quarter. Revolve Wealth Partners LLC now owns 25,045 shares of the e-commerce giant's stock valued at $5,495,000 after buying an additional 986 shares in the last quarter. Bank Pictet & Cie Europe AG grew its stake in Amazon.com by 2.8% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 2,016,869 shares of the e-commerce giant's stock valued at $442,481,000 after buying an additional 54,987 shares in the last quarter. Highview Capital Management LLC DE grew its stake in Amazon.com by 5.5% in the 4th quarter. Highview Capital Management LLC DE now owns 28,975 shares of the e-commerce giant's stock valued at $6,357,000 after buying an additional 1,518 shares in the last quarter. Finally, Liberty Square Wealth Partners LLC purchased a new position in Amazon.com in the 4th quarter valued at approximately $2,153,000. 72.20% of the stock is currently owned by hedge funds and other institutional investors. Get Amazon.com alerts: Sign Up Amazon.com Stock...