Palmer Knight Co Buys Up 35,492 Shares of Amazon.com Stock

Palmer Knight Co has bought a new stake in Amazon.com's stock. According to its most recent Form 13F filing with the SEC, Palmer Knight Co purchased 35,492 shares of AMZN during the second quarter, valued at approximately $8,459,000.

This represents about 3.3% of Palmer Knight Co's holdings and makes Amazon.com its 14th largest position.

Other investors have also been buying up Amazon.com stock in recent quarters. For example, MilWealth Group LLC raised its stake in shares by 79.0% in the fourth quarter, while Lifetime Wealth Management P.C. acquired a new stake in the e-commerce giant's stock valued at $45,000.

Amazon.com stock opened at $253.54 on Tuesday, with a market cap of $2.73 trillion and a P/E ratio of 20.40.