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Amazon Sees Major Institutional Investment

Guavy AI Editorial Team
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AMZN
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A significant investment in Amazon.com, Inc.

Empirical Asset Management LLC purchased 18,878 shares of Amazon's stock, worth approximately $4.499 million, according to a recent filing with the Securities and Exchange Commission (SEC). This purchase marks the beginning of a new stake in Amazon for Empirical Asset Management LLC, which comprises about 1% of their investment portfolio.

Other institutional investors have also adjusted their stakes in Amazon during the second quarter. Longfellow Investment Management Co. LLC bought a new stake worth $33,000, while MilWealth Group LLC increased its position by 79% and now owns 179 shares valued at $41,000.

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