Amazon.com Attracts $9 Billion Institutional Investment

Amazon.com, Inc. (NASDAQ:AMZN) has continued to attract significant investment interest. Intrinsic Edge Capital Management LLC raised its position in Amazon.com by 12.5% during the first quarter, according to a recent disclosure with the Securities & Exchange Commission.

The institutional investor owned 45,000 shares of the e-commerce giant's stock after buying an additional 5,000 shares during the period. Amazon.com accounts for about 1.6% of Intrinsic Edge Capital Management LLC's investment portfolio, making it the company's 17th biggest position.

The value of Intrinsic Edge Capital Management LLC's holdings in Amazon.com was $9,372,000 at the end of the most recent reporting period. Several other institutional investors have also increased their stakes in Amazon.com recently.