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Net Worth Advisory Group Purchases 5,140 Shares of Amazon.com, Inc. $AMZN
Net Worth Advisory Group increased its stake in Amazon.com, Inc. by 42.8% in the fourth quarter, acquiring an additional 5,140 shares to bring its total holdings to 17,154 shares, valued at $3.959 million. The increase makes Amazon the group’s 24th largest holding, accounting for approximately 0.8% of its investment portfolio. This comes amidst reports of Amazon’s potential acquisition of satellite operator Globalstar and largely positive analyst sentiment, though the company faces near-term challenges such as a new fuel surcharge, a labor bargaining order, and recent insider selling.