Amazon.com Sees Increased Ownership Amid AWS Growth Projections
Amazon.com's stock saw increased ownership by Trust Asset Management LLC in the second quarter. The firm boosted its shares of AMZN by 3.3%, now owning 107,563 shares valued at $26,000.
This is not an isolated instance; other hedge funds and institutional investors have been buying or increasing their stakes in Amazon.com (NASDAQ:AMZN). MilWealth Group LLC increased its holdings by 79% in the fourth quarter, while Elkhorn Partners Limited Partnership raised its position by a staggering 900%.
Amazon's e-commerce business has seen positive sentiment due to accelerating AI-related cloud demand and potential 2027 revenue of $222 billion. Analysts expect AWS to have a significant impact on Amazon's growth, with some predicting it will account for nearly half of the company's revenue by 2027.