Bridgewater Advisors Invests $21M in Amazon.com

Bridgewater Advisors Inc., a well-established financial services firm, has acquired a new position in Amazon.com, Inc. (NASDAQ:AMZN), investing approximately $21,687,000 in shares. The company purchased 76,356 shares during the second quarter, according to its recent 13F filing with the Securities and Exchange Commission.

This investment marks one of Bridgewater Advisors' most significant holdings, comprising 1.2% of its total portfolio. The firm's decision to invest in Amazon underscores the e-commerce giant's continued growth and dominance in the market.

Amazon's recent quarterly earnings report showed a 19.6% increase in revenue compared to the same period last year, with net income reaching $5.75 per share. Analysts anticipate the company will post $8.05 earnings per share for the current fiscal year.