The Evolution of Jeff Bezos. Amazon Close to Securing “Amazon Pharmacy” Trademark

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.

CWEB.com is not registered as an investment adviser with the U.S. Securities and Exchange Commission. Rather, CWEB.com relies upon the “publisher’s exclusion” from the definition of investment adviser as provided under Section 202(a)(11) of the Investment Advisers Act of 1940 and corresponding state securities laws.

 

Comments


CWEB.com is not registered as an investment adviser with the U.S. Securities and Exchange Commission. Rather, CWEB.com relies upon the “publisher’s exclusion” from the definition of investment adviser as provided under Section 202(a)(11) of the Investment Advisers Act of 1940 and corresponding state securities laws.

Full Disclaimer

%d bloggers like this: