Stocks
Gamco Investors Boosts Stake in Amazon.com with Additional 9,347 Shares
Investment firm Gamco Investors INC. ET AL has increased its stake in Amazon.com, Inc., buying an additional 9,347 shares of the e-commerce giant's stock during the first quarter.
The institutional investor now owns a total of 179,074 shares of Amazon.com, valued at $37,296,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
This represents a 5.5% increase in Gamco Investors INC. ET AL's position in Amazon.com.
Amazon.com has been performing well, exceeding analysts' estimates for revenue and earnings per share in its latest quarterly report.
The company's AWS and AI demand remain strong, with recent growth of approximately 37%, a reported $496 billion backlog, and sustained demand for AI infrastructure.