Krane Financial Solutions Takes Big Bet on Amazon.com

Krane Financial Solutions LLC has acquired a significant position in Amazon.com, Inc. (AMZN) stock. According to the company's recent filing with the Securities and Exchange Commission, Krane purchased 2,335 shares of AMZN during the first quarter, valued at approximately $486,000.

This is not an isolated incident; several other hedge funds have also increased their holdings in Amazon.com in recent quarters. For example, MilWealth Group LLC raised its stake by 79% in Q4 and now owns 179 shares worth $41,000, while Elkhorn Partners Limited Partnership grew its position by a staggering 900% during the same period.

Institutional investors own approximately 72.20% of Amazon.com's stock. The company has seen impressive earnings growth, with Q2 EPS topping analysts' estimates at $5.75. Revenue for the quarter increased by 19.6% year-over-year to $200.61 billion.