Amazon Sees Big Bet from Sandro Wealth as E-Commerce Giant Expands
Sandro Wealth Management LLC has taken a significant position in Amazon.com, Inc. (NASDAQ:AMZN), buying approximately $4.85 million worth of shares during the second quarter.
The fund acquired 20,356 shares, which make up about 3.5% of their portfolio and rank as their fifth largest holding.
Other investors have also been active in Amazon.com, with Trust Asset Management LLC increasing its holdings by 3.3% in the second quarter and MilWealth Group LLC boosting its position by 79.0% in the fourth quarter.
Amazon's stock price has fluctuated, currently trading down 1.8%, but the company continues to expand its operations with a major AI-chip supply agreement with Qualcomm and plans to invest $1.6 billion in Texas for advanced-manufacturing jobs.