William John Sempolinski Boosts Amazon Stake with $6.2 Million Purchase

William John Sempolinski significantly increased his stake in Amazon.com, Inc. (NASDAQ: AMZN) during the second quarter, acquiring 26,124 shares valued at approximately $6,226,000. This new position now constitutes 2.5% of Sempolinski's portfolio, making it his seventh-largest holding.

Other institutional investors also made notable moves in Amazon's stock. TOP Private Wealth LLC, Bard Associates Inc., and Longfellow Investment Management Co. LLC all purchased new stakes in the second quarter, with values ranging from $29,000 to $33,000. Lifetime Wealth Management P.C. and Prudent Man Investment Management Inc. also increased their positions, with the latter boosting its holdings by 87.7% in the fourth quarter.

Amazon's stock has attracted significant attention from institutional investors, with 72.2% of its shares now owned by hedge funds and other institutional investors. The company's recent performance and strategic initiatives have contributed to this interest, including a $1 billion investment over five years in U.S. data center communities and strong AWS growth.

Analysts have provided mixed ratings on Amazon, with a consensus of 'Moderate Buy' and an average target price of $321.63. Some analysts, such as Rosenblatt Securities and Royal Bank of Canada, have raised their price targets, while Zacks Research downgraded the stock to a 'Hold' rating.