Amazon Stock Buys by Institutional Investors Continue to Grow

Pure Financial Advisors LLC has recently acquired 120,184 shares of Amazon.com, Inc.'s stock, valued at approximately $28.65 million.

The purchase was made during the second quarter and represents about 0.4% of Pure Financial Advisors LLC's holdings.

This is not an isolated incident; several other institutional investors have also increased their stakes in AMZN recently.

Auto Owners Insurance Co, for example, grew its holdings by a staggering 27,376.7% during the fourth quarter and now owns over 98 million shares of Amazon.com's stock.