Institutional Investors Pile into Amazon, NFJ Group Acquires New Stake

NFJ Investment Group LLC recently acquired a new stake in shares of Amazon.com, Inc. (NASDAQ:AMZN), purchasing 107,871 shares valued at approximately $25,710,000.

This move comes as part of a larger trend of institutional investors increasing their positions in the e-commerce giant. In fact, Auto Owners Insurance Co increased its stake in Amazon by a staggering 27,376.7% during the fourth quarter, owning 98,448,885 shares worth $2,272,397,000.

Meanwhile, Bank of New York Mellon Corp purchased a new position in shares of Amazon.com in the 2nd quarter worth approximately $16,341,405,000.