Tortoise Investment Management Buys $1.5M Worth of Amazon Stock
Tortoise Investment Management LLC purchased 6,243 shares of Amazon.com, Inc. (NASDAQ:AMZN) in the second quarter, worth approximately $1,488,000, according to a recent Form 13F filing with the Securities and Exchange Commission.
This is not an isolated instance; several other institutional investors have also made changes to their positions in the company during this period. For example, Trust Asset Management LLC grew its stake in Amazon.com by 3.3% in the second quarter, while MilWealth Group LLC boosted its position in the e-commerce giant's stock by 79.0% during the fourth quarter.
In related news, CEO Douglas J. Herrington sold 1,000 shares of Amazon.com stock on September 1st, at an average price of $254.77, for a total value of $254,770.00. This trade represents a 0.21% decrease in their position.