Pine Ridge Advisers Doubles Down on Amazon with New $7.57 Million Stake

Pine Ridge Advisers LLC recently purchased 31,780 shares of Amazon.com's stock, valued at approximately $7.57 million in the second quarter.

This new position is a significant holding for Pine Ridge Advisers, accounting for 0.5% of their investment portfolio and making it the company's 24th largest holding.

This purchase is part of a larger trend of institutional investors increasing their stakes in Amazon.com, with other notable purchases including Red Crane Wealth Management LLC, Robinson Smith Wealth Advisors LLC, Sfam LLC, Measured Risk Portfolios Inc., and CoreFirst Bank & Trust.