Lombard Odier Doubles Down on Amazon with $95 Million Bet

Lombard Odier Asset Management Switzerland SA has increased its stake in Amazon.com by 6.8% during the first quarter, according to a recent filing with the Securities & Exchange Commission.

The firm now owns 459,654 shares of the e-commerce giant's stock after purchasing an additional 29,172 shares during the period.

Amazon makes up 3.6% of Lombard Odier Asset Management Switzerland SA's portfolio and is its fourth largest position, valued at $95,732,000 as of the end of the quarter.