Amazon.com, Inc. (AMZN) Nasdaq — Amazon Jeff Bezos started selling book and today we highlight his evolution from selling books to selling everything on Amazon. Nasdaq the behemoth e-commerce makes its foray into the pharmaceutical world by registering a trademark with the intellectual property office in the UK named Amazon Pharmacy.
The trademark has been published on April 27, 2020 but has not yet been registered. Anyone can comment the publication up to 2 of the publication date and prepare an opposition to the registration of a trademark.
Amazon acquired Pillpack in 2018 in the United States. Pillpack is an online service where consumers can buy prescription drugs from businesses. The Amazon website Pillpack has filed trademark applications in China, and the European Union.
CEO Jeff Bezos matches gifts to Washington Nonprofits up to $25M for the Coronavirus pandemic. In addition, he has donated $1 million to the Seattle Foundation’s Covid-19 Response Fund. Bezos gave $100 million to Feeding America for the Covid-19 Response Fund, which supports the work carried out by 200 food banks.
According to Forbes, Jeff Bezos worth is $120 billion.
Amazon has been a savings grace for many Americans and citizens abroad shipping consumers essential items during the Coronavirus shutdown of the economy. Amazon’s stock can only go higher from here with the increase of e-commerce even after the pandemic. UBS analysts led by Eric Sheridan reiterated their ‘buy’ rating with a $3,000 price target.
Top 6 Institutional Holders
Holder Shares Date Reported % Out Value
Advisor Group, Inc. 35,429,155 Mar 30, 2020 7.10% 69,076,932,086
Vanguard Group, Inc. (The) 32,975,915 Mar 30, 2020 6.61% 64,293,800,993
Blackrock Inc. 27,023,092 Mar 30, 2020 5.42% 52,687,462,934
State Street Corporation 16,267,474 Mar 30, 2020 3.26% 31,717,019,407
FMR, LLC 15,839,627 Mar 30, 2020 3.18% 30,882,837,554
Price (T.Rowe) Associates Inc 15,605,864 Mar 30, 2020 3.13% 30,427,065,158
Top Mutual Fund Holders
Holder Shares Date Reported % Out Value
Vanguard Total Stock Market Index Fund 11,871,374 Dec 30, 2019 2.38% 21,936,399,732
Vanguard 500 Index Fund 8,320,475 Dec 30, 2019 1.67% 15,374,906,524
SPDR S&P 500 ETF Trust 4,806,785 Jan 30, 2020 0.96% 9,655,485,165
Fidelity Contrafund Inc 4,207,147 Jan 30, 2020 0.84% 8,450,980,321
Growth Fund Of America Inc 4,194,198 Dec 30, 2019 0.84% 7,750,206,832
Invesco ETF Tr-Invesco QQQ Tr, Series 1 ETF 3,795,642 Jan 30, 2020 0.76% 7,624,381,998
Vanguard Institutional Index Fund-Institutional Index Fund 3,766,355 Dec 30, 2019 0.76% 6,959,621,423
Fidelity 500 Index Fund 3,674,258 Jan 30, 2020 0.74% 7,380,555,529
Price (T.Rowe) Blue Chip Growth Fund Inc. 3,326,620 Dec 30, 2019 0.67% 6,147,061,500
iShares Core S&P 500 ETF 3,160,739 Jan 30, 2020 0.63% 6,349,039,644
Our Top Stock are Walmart which is so undervalued and should be trading above $300 and Groupon (NASDAQ:GRPN) with a potential upside $50 by end of the year with strong holiday sales and retail spending. Another company we like is Google Alphabet ( NASDAQ:GOOGL ) with an upside of $2000 and Apple ( NASDQ:AAPL ) with upside of $1000.
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