Aurora Investment Managers Boosts Amazon Holdings Amid Bullish Sentiment
Aurora Investment Managers LLC has increased its holdings in Amazon.com Inc., purchasing an additional 5,256 shares during the 2nd quarter. The fund owned 27,702 shares of the e-commerce giant's stock after the purchase.
The investment in Amazon.com makes up approximately 4.0% of Aurora Investment Managers LLC.'s holdings, making it the firm's 14th largest holding. At the end of the most recent quarter, the value of these holdings was $6,602,000.
Aurora Investment Managers LLC is not alone in its investment in Amazon.com. Other hedge funds and institutional investors have also purchased shares during the first and second quarters. Red Crane Wealth Management LLC boosted its holdings by 2.3% in the first quarter, while Robinson Smith Wealth Advisors LLC increased its stake by 0.7%.
The investment community remains bullish on Amazon.com, with many analysts predicting significant growth in the coming years. In fact, Wall Street's average price target implies substantial potential upside for the company, with analysts citing improving earnings estimates and AWS reacceleration.