North Star Asset Management Bets Big on Amazon

North Star Asset Management Inc., a financial institution, has acquired a new stake in Amazon.com, Inc. (NASDAQ:AMZN), worth approximately $53.18 million. This investment represents about 2.1% of North Star's portfolio and makes it the company's sixth-largest holding.

In addition to North Star Asset Management, several other hedge funds have increased their positions in Amazon.com during the second quarter. Auto Owners Insurance Co., for example, boosted its stake by 27,376.7%, acquiring an additional 98,090,585 shares worth $2.27 billion.

The institutional ownership of Amazon.com stands at 72.20%. Meanwhile, insiders have sold a total of 71,589 shares valued at $18.57 million over the last three months.