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Amazon Sees Big Institutional Buys Amid Strong Earnings

Guavy AI Editorial Team
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AMZN
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PenderFund Capital Management Ltd., an institutional investor, acquired 6,100 shares of Amazon.com Inc. (NASDAQ:AMZN) in the second quarter, according to a recent filing with the Securities and Exchange Commission.

The stake was valued at approximately $1,454,000. This is not an isolated instance; other institutional investors have also made significant purchases of Amazon's stock during this period.

Trust Asset Management LLC boosted its holdings in Amazon by 3.3% during the second quarter and now owns 107,563 shares worth $26,000.

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