Plan Group Financial LLC Takes Position in Amazon.com, Inc.
Plan Group Financial LLC has taken a position in Amazon.com, Inc. (NASDAQ:AMZN), purchasing 3,104 shares of the e-commerce giant's stock worth approximately $740,000 in the second quarter.
This new stake is one of several recent changes to institutional investors' holdings in AMZN. Trust Asset Management LLC boosted its stake by 3.3% during the same period, while MilWealth Group LLC increased its position by 79.0%, buying an additional 79 shares worth $41,000.
Other large investors have also made adjustments to their holdings. Elkhorn Partners Limited Partnership saw a 900.0% increase in its stake, and Fairway Wealth LLC lifted its position by 95.6%. As of the end of the second quarter, institutional investors owned 72.20% of AMZN's stock.
Amazon has been performing well financially, with revenue up 19.6% year over year and earnings per share (EPS) exceeding analysts' expectations in its latest quarterly report. The company's CEO, Douglas Herrington, sold 1,000 shares on September 1st for $254,770, reducing his ownership by 0.21%. Additionally, CEO Andrew Jassy sold 20,000 shares on August 21st for $5,180,200.