Amazon.com Sees New Stake Acquired Amid E-Commerce Boom
ORBA Wealth Advisors L.L.C., an investment firm, has acquired a new stake in Amazon.com, Inc. (NASDAQ:AMZN), according to its most recent filing with the SEC. The company purchased 3,225 shares of AMZN's stock, valued at approximately $769,000.
Several other institutional investors have also modified their holdings of AMZN in the past quarter. Gryphon Financial Partners LLC increased its position by 7.5%, now owning 73,085 shares worth $15,221,000. First Citizens Bank & Trust Co. lifted its stake by 1.7% to 303,862 shares valued at $63,285,000.
Amazon's e-commerce and cloud computing businesses have been major drivers of growth for the company. In recent news, Amazon has announced plans to purchase around 2 million Nvidia GPUs and invest approximately $200 billion in AI infrastructure by 2026. This investment could support cloud revenue and advertising, but it also requires significant near-term capital spending.