Stocks
Institutional Investor Stonebridge Acquires $1.5 Million in AMZN Stock
Stonebridge Capital Management Inc., a new investor in Amazon.com, Inc. (NASDAQ:AMZN), has acquired 6,279 shares of Amazon's stock in the second quarter, according to its Form 13F filing with the Securities and Exchange Commission.
The value of these shares is approximately $1,497,000.
This investment comes as part of a larger trend of institutional investors buying into Amazon's stock. As of now, 72.20% of Amazon's stock is owned by institutional investors.
In other news, senior vice president David Zapolsky sold 9,258 shares of Amazon's stock on August 24th for $2,404,950.66.
Amazon's CEO Douglas Herrington also sold 6,362 shares of the company's stock on August 21st for $1,647,821.62.