Amazon.com Stock Sees Increased Institutional Interest Amid Bullish Sentiment
Institutional investor Insight Wealth Strategies LLC has increased its holdings in Amazon.com Inc. (NASDAQ:AMZN) by 7.4% in the second quarter, according to a recent disclosure with the Securities & Exchange Commission.
The firm owned 30,273 shares of the e-commerce giant's stock after buying an additional 2,081 shares during the period. Insight Wealth Strategies LLC's holdings in Amazon.com were worth $7,317,000 as of its most recent filing with the SEC.
This is not an isolated instance; several other hedge funds and institutional investors have also bought or sold shares of Amazon.com stock in the second quarter. Trust Asset Management LLC raised its holdings by 3.3%, while MilWealth Group LLC grew its position in shares of Amazon.com by 79%.