Amazon.com Attracts Institutional Investors Amid Record Earnings

Amazon.com, Inc.'s (NASDAQ:AMZN) stock has been attracting significant attention from institutional investors. Recently, Maxi Investments CY Ltd acquired a new stake in Amazon.com during the second quarter, purchasing 129,622 shares valued at approximately $30,894,000.

This acquisition represents about 6.3% of Maxi Investments CY Ltd's portfolio, making Amazon.com its 4th largest position.

In addition to this, other institutional investors have also been increasing their holdings in Amazon.com. Auto Owners Insurance Co, for example, lifted its holdings by a staggering 27,376.7% in the fourth quarter and now owns 98,448,885 shares valued at $2,272,397,000.

Analysts remain bullish on Amazon's stock, with a consensus rating of 'Moderate Buy' and an average price target of $321.19.