Bontempo Ohly Capital Mgmt LLC Purchases New Holdings in Amazon.com Inc
Bontempo Ohly Capital Mgmt LLC has purchased new holdings in Amazon.com, Inc. (NASDAQ:AMZN) according to its latest 13F filing with the Securities & Exchange Commission.
The institutional investor bought 2,192 shares of Amazon's stock valued at approximately $522,000 in the second quarter.
This is not an isolated instance; several other hedge funds and institutional investors have modified their holdings of AMZN. Trust Asset Management LLC boosted its stake in shares of Amazon by 3.3% during the second quarter.
The company's stock price has been affected by various market conditions, including rising Treasury yields and oil prices, which increased valuation pressure on growth-oriented companies. Additionally, Amazon is facing challenges such as sustainability execution, macroeconomic conditions, and labor costs that may weigh on its margins.