Amazon Gains Traction as Investor Confidence Grows

180 GPS Investments IC Ltd made a significant investment in Amazon.com, Inc. (NASDAQ:AMZN) during the second quarter, purchasing 45,214 shares valued at approximately $10,776,000.

This acquisition accounts for about 8% of 180 GPS Investments IC Ltd's portfolio and makes it the company's fifth-largest position.

The e-commerce giant reported a revenue increase of 19.6% year-over-year during its last earnings report, with $5.75 EPS beating analyst estimates by $3.93.