Stocks
Korea Investment CORP Dives into Amazon with $1.66 Billion Stake
Korea Investment CORP has made a significant investment in Amazon.com, Inc. ($AMZN), acquiring 6,990,711 shares valued at approximately $1,666,166,000 during the second quarter.
This acquisition represents about 3.2% of Korea Investment CORP's portfolio, making it its fifth-largest holding.
Amazon.com has seen significant investment from various firms, with Auto Owners Insurance Co increasing its stake by a staggering 27,376.7% in the fourth quarter and Bank of New York Mellon Corp purchasing a new stake worth about $16,341,405,000 during the same period.