Stocks
Amazon Sees Significant Institutional Investment Amid Earnings Beat
Amazon.com, Inc., the e-commerce giant, has seen significant institutional investment from Performance Wealth Partners LLC. In the second quarter, Performance Wealth Partners bought a new position in Amazon's stock, purchasing approximately $239.64 million worth of shares.
The firm acquired 1,005,472 shares of Amazon's stock, which makes up about 6% of their portfolio and is currently their fifth-largest holding.
Other large investors have also made changes to their positions in the company, with Red Crane Wealth Management LLC increasing its holdings by 2.3% in the first quarter, and Robinson Smith Wealth Advisors LLC boosting its stake by 0.7% during the same period.