Amazon Sees Growing Institutional Support as SGL Investment Advisors Buys New Shares

SGL Investment Advisors Inc., a financial institution, has taken a new position in Amazon.com, Inc. (NASDAQ:AMZN) shares during the second quarter, as per its most recent disclosure with the Securities & Exchange Commission.

The institutional investor bought approximately 6,799 shares of Amazon's stock, valued at around $1,891,000.

This is not the only new stake in Amazon. Northstar Financial Companies Inc. also purchased a new stake worth about $3,376,000 in the second quarter.

On the other hand, some insiders have sold their shares. CEO Matthew Garman sold 14,541 shares on August 21st at an average price of $259.06, resulting in a total transaction value of $3,766,991.46.