Mowery & Schoenfeld Wealth Management LLC Acquires New Shares in Amazon.com

Mowery & Schoenfeld Wealth Management LLC has acquired new shares in Amazon.com, Inc. (NASDAQ:AMZN) worth approximately $955,000, according to its most recent 13F filing with the SEC. The institutional investor bought 4,006 shares of the e-commerce giant's stock in the second quarter.

This is not an isolated move by Mowery & Schoenfeld Wealth Management LLC; several other large investors have also made significant changes to their positions in Amazon.com during this period. Norges Bank purchased a new stake in the company worth about $32,868,735,000, while Auto Owners Insurance Co raised its holdings in shares of Amazon.com by 27,376.7% and now owns 98,448,885 shares.

Amazon's AI buildout requires substantial capital spending and new debt, which poses risks to the company's operations and financials. Additionally, a fatal accident involving an aircraft operating for Prime Air has increased regulatory and reputational risk for Amazon's aviation network.