Stocks
Nippon Life Acquires $129M Stake in Amazon
Nippon Life Global Investors Americas Inc., an institutional investor, acquired a new stake in Amazon.com, Inc. (NASDAQ:AMZN) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission.
The company purchased 542,210 shares of Amazon's stock, valued at approximately $129,230,000. This represents about 5.1% of Nippon Life Global Investors Americas Inc.'s portfolio, making it their 4th largest position.
Amazon.com's stock price opened at $252.40 on Thursday, and the company has a market cap of $2.72 trillion, a PE ratio of 20.31, a P/E/G ratio of 1.98, and a beta of 1.44.