Amazon.com Sees Record-Breaking Investment from Generation Investment Management
Generation Investment Management LLP has made a significant investment in Amazon.com, Inc. (NASDAQ:AMZN) by purchasing 5,193,506 shares of its stock in the second quarter.
The value of this purchase is approximately $1,237,820,000, which makes up 12% of Generation Investment Management's investment portfolio and their second largest position.
This acquisition adds to a trend where several institutional investors have increased their holdings in Amazon.com during the first quarter.