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Praxis Capital Management LLC Boosts Stake in Amazon.com Inc.

Guavy AI Editorial Team
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AMZN
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Praxis Capital Management LLC has increased its stake in Amazon.com Inc. (NASDAQ:AMZN) by 53% in the second quarter, according to a recent filing with the Securities & Exchange Commission.

The firm now owns 6,120 shares of the e-commerce giant's stock, making it approximately 2.3% of Praxis Capital Management LLC's portfolio and its 7th largest holding.

This significant stake in Amazon is part of a larger trend of institutional investors increasing their exposure to the company's stock.

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