Encore Global Management LP Invests Heavily in Amazon.com
Encore Global Management LP has acquired a new stake in Amazon.com (NASDAQ:AMZN) valued at approximately $3,436,000. The company purchased 16,500 shares during the first quarter, which makes up 2.4% of their investment portfolio.
This is not an isolated instance, as several other institutional investors and hedge funds have also recently bought and sold shares of Amazon.com stock. Notably, Auto Owners Insurance Co lifted its position in shares of Amazon.com by a staggering 27,376.7% in the fourth quarter.
Norges Bank acquired a new stake in shares of Amazon.com during the fourth quarter valued at approximately $32,868,735,000. J. Stern & Co. LLP boosted its stake in Amazon.com by 20,598.0% in the fourth quarter. Cardano Risk Management B.V. grew its position in Amazon.com by 879.4% during the fourth quarter.
Institutional investors and hedge funds own approximately 72.2% of the company's stock. The e-commerce giant has a market capitalization of $3 trillion and a price-to-earnings ratio of 22.37.