Amazon Sees Significant Investment From Institutional Investors
Amazon.com, Inc. (NASDAQ:AMZN) saw significant investment activity in the second quarter, with Grandfield & Dodd LLC buying a new stake worth approximately $2.65 million. The firm acquired 11,132 shares of Amazon's stock.
The move was not an isolated incident, as several other institutional investors increased their stakes in the e-commerce giant during this period. Vanguard Group Inc., for instance, raised its position by 1.1% and now owns a staggering 832,274,556 shares valued at $158,348,557,000.
State Street Corp also boosted its holdings by 1.8%, taking ownership to 388,653,121 shares worth $89,708,913,000. Geode Capital Management LLC lifted its position by 1.1% and now owns 225,120,994 shares valued at $51,753,622,000.
Auto Owners Insurance Co, on the other hand, increased its stake by a massive 27,376.7%, owning 98,448,885 shares worth $2,272,397,000. These significant investments in Amazon underscore the company's potential for growth and expansion.