Peak Asset Management LLC Purchases New Shares in Amazon.com, Inc. $AMZN

Peak Asset Management LLC acquired 25,575 shares of Amazon.com, Inc. (NASDAQ:AMZN) in the second quarter, valuing the new position at approximately $6.1 million and making it about 0.9% of their portfolio. The e-commerce giant reported strong quarterly earnings of $5.75 per share and revenue of $200.61 billion, surpassing analyst expectations. Despite a consensus "Moderate Buy" rating from analysts with an average price target of $321.19, investors remain cautious about the potential margin pres