Institutional Investors Expand Amazon Stakes as Aggregate Ownership Reaches About 72.20%

Institutional investors and hedge funds now hold approximately 72.20% of Amazon.com, Inc.'s outstanding shares following multiple new positions established in the second quarter. Harvey Capital Management acquired 156,043 shares valued at roughly $37.19 million, making Amazon its third-largest holding at 7.7% of its portfolio. Additionally, Hayek Kallen Investment Management initiated a position of 25,353 shares worth about $6.04 million. These inflows follow Amazon's recent quarterly earnings beat, where it delivered $5.75 in EPS on $200.61 billion in revenue, alongside Wall Street's consensus Moderate Buy rating and $321.19 average price target.