Weitz Invests in Amazon, Boosting E-Commerce Giant's Portfolio Share

Weitz Investment Management Inc., a notable financial institution, has made significant investments in Amazon.com, Inc. (AMZN) during the second quarter of this year.

According to the Securities and Exchange Commission's most recent disclosure, Weitz bought a new position in shares of Amazon.com, valued at approximately $51.8 million. This acquisition represents 3.6% of Weitz's portfolio, making Amazon its 13th largest holding.

This is not an isolated instance, as other institutional investors and hedge funds have also been purchasing and selling shares of the e-commerce giant in recent periods.