Stocks
Amazon Share Buy: OneDigital Investment Adds $85.5M to Holdings
OneDigital Investment Advisors LLC has purchased shares of Amazon.com, Inc. (NASDAQ:AMZN) worth approximately $85.5 million, according to a recent filing with the Securities & Exchange Commission.
The firm bought 358,850 shares of the e-commerce giant's stock during the second quarter, making it the company's 20th biggest holding, comprising about 0.7% of OneDigital Investment Advisors LLC's portfolio.
This purchase is part of a larger trend of institutional investors and hedge funds increasing their stakes in Amazon.com. Trust Asset Management LLC raised its holdings by 3.3% in the second quarter, while Elkhorn Partners Limited Partnership boosted its position by 900% in the fourth quarter.