Amazon Stake Boosted by Trustmark Bank Trust Department

Trustmark Bank Trust Department has increased its stake in Amazon.com by 7.0% during the second quarter, according to a recent SEC disclosure.

The institutional investor now owns 60,671 shares of Amazon's stock, which represents approximately 0.9% of its portfolio and makes it the company's 23rd largest holding.

This significant boost in Amazon's stake is not an isolated incident; other investors have also shown increased interest in the e-commerce giant. For instance, Bard Associates Inc. purchased a new stake in shares of Amazon during the second quarter valued at $32,000, while Prudent Man Investment Management Inc. boosted its position in Amazon by 87.7% during the fourth quarter.

Amazon's strong performance has led to increased attention from analysts and investors alike. Recently, several analysts have weighed in on AMZN shares, with Monness Crespi & Hardt lifting their price target to $330.00 and giving the company a 'buy' rating. Similarly, JPMorgan Chase & Co. upped its price target on Amazon.com from $330.00 to $365.00 and gave the stock an 'overweight' rating.