Headlands Technologies LLC Boosts Amazon Stake by 50.8% in Q2
Headlands Technologies LLC has significantly increased its stake in Amazon.com, Inc. (NASDAQ:AMZN), purchasing an additional 47,073 shares during the second quarter. This growth represents a 50.8% increase in the company's ownership of AMZN.
The institutional investor now owns 139,685 shares of Amazon's stock, valued at $33,293,000. This makes AMZN the largest holding in Headlands Technologies LLC's investment portfolio, accounting for 3.6% of its total assets.
This news is part of a larger trend of increased investment in Amazon by institutional investors and hedge funds. Other notable investors who have purchased shares of AMZN during the second quarter include Susquehanna Fundamental Investments LLC, Benjamin Edwards Inc., GTS Securities LLC, Jasper Ridge Partners L.P., and Private Harbour Investment Management & Counsel LLC.
Amazon has a market capitalization of $2.66 trillion, with a price-to-earnings ratio of 19.80. The company's quarterly revenue reached $200.61 billion, exceeding analyst expectations of $197.03 billion.