Amazon Stakeholder Udine Wealth Management Inc. Boosts Holdings
Udine Wealth Management Inc., a prominent institutional investor, has increased its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 7.9% in the second quarter. This is according to the company's most recent disclosure with the Securities & Exchange Commission.
The firm now owns approximately 2.7% of Udine Wealth Management Inc.'s holdings in Amazon.com, making it their 9th largest position. The value of these shares was $6,642,000 at the end of the quarter.
Other hedge funds have also modified their stakes in Amazon.com recently. Norges Bank purchased a new position in the company worth about $32,868,735,000 during the fourth quarter. Auto Owners Insurance Co boosted its stake by 27,376.7% and now owns 98,448,885 shares valued at $2,272,397,000.
Institutional investors and hedge funds own approximately 72.20% of Amazon.com's stock.