Stocks
Amazon.com Investment Surges as Element Pointe Advisors Buys into E-commerce Giant
Element Pointe Advisors LLC has invested $1.38 million in Amazon.com, Inc. (NASDAQ:AMZN) by purchasing 5,809 shares of the e-commerce giant's stock.
The investment accounts for only 0.2% of Element Pointe Advisors LLC's holdings and makes it the company's 27th largest position.
Amazon's AI buildout requires significant capital spending and new debt, which poses a risk to investors.
Northstar Financial Companies Inc., Gryphon Financial Partners LLC, First Citizens Bank & Trust Co., GSA Capital Partners LLP, and Narwhal Capital Management have all recently increased their stakes in Amazon.com.