Generate Investment Management Ltd Raises Stock Position in Amazon.com, Inc. $AMZN

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Generate Investment Management Ltd significantly increased its stake in Amazon.com, Inc. ($AMZN) by 59.2% in the fourth quarter, making it their second-largest holding. Despite this institutional confidence, insiders have been net sellers of the stock, offloading shares worth nearly $15 million in the last 90 days. Amazon is also reportedly in advanced talks to acquire satellite operator Globalstar, aiming to bolster its Project Kuiper and compete with SpaceX’s Starlink, while facing near-term challenges like a seller surcharge and labor union negotiations.

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