Vista Investment Management Takes $1.20M Position in Amazon.com Inc.
Vista Investment Management has made a significant investment in Amazon.com Inc., purchasing 5,041 shares of the e-commerce giant's stock valued at approximately $1.20 million.
This is not the only institution showing faith in Amazon; Auto Owners Insurance Co grew its position by 27,376.7% in the fourth quarter, while Bank of New York Mellon Corp bought a new position worth around $16 billion during the second quarter.
The institutional investors and hedge funds own approximately 72.20% of Amazon's stock, with analysts predicting an 8.01 EPS for the current fiscal year.