Flossbach Von Storch SE Invests Heavily in Amazon.com

Flossbach Von Storch SE has invested heavily in Amazon.com, Inc. (NASDAQ:AMZN), purchasing a new stake worth approximately $1.31 billion in the second quarter.

The firm acquired 5,500,511 shares of AMZN's stock, which now makes up about 5.9% of Flossbach Von Storch SE's portfolio and its second-largest holding.

This investment is part of a larger trend where Amazon.com has been the subject of numerous research reports from prominent firms such as Wells Fargo & Company, Citizens Jmp, Citigroup, Truist Financial, and UBS Group. Analysts have set price targets ranging from $315 to $350 per share, with an average rating of 'Moderate Buy'.