Turim 21 Investimentos Ltda. Boosts Amazon Stake by Over 600%

Turim 21 Investimentos Ltda., an institutional investor, significantly increased its stake in Amazon.com, Inc. (NASDAQ:AMZN) during the first quarter, according to a recent SEC filing. The company purchased an additional 101,406 shares of Amazon's stock, resulting in a total holding of 118,177 shares.

Turim 21 Investimentos Ltda.'s holdings in Amazon.com now comprise 7.4% of its investment portfolio, making it the firm's fifth-largest position. The value of their Amazon holdings at the end of the reporting period was $24,613,000.

This is not an isolated instance of increased investment in Amazon. Other institutional investors have also added to or reduced their stakes in AMZN during the same period.