Brooks Moore & Associates Inc. Takes New Position in Amazon.com

Brooks Moore & Associates Inc., an investment firm, purchased 4,490 shares of Amazon.com's stock in its second-quarter filing with the Securities and Exchange Commission. The value of these shares is approximately $1,070,000.

This marks a new position for Brooks Moore & Associates Inc. in Amazon.com's stock. Other institutional investors have also been buying into Amazon.com's stock recently, including Auto Owners Insurance Co., which increased its holdings by 27,376.7% in the fourth quarter, and Bank of America Corp DE, which acquired a new position worth $22,218,775,000.

Amazon.com's e-commerce business continues to grow, with revenue increasing 19.6% year-over-year in the second quarter. The company reported earnings per share of $5.75, beating analyst expectations by $3.93.