Canoe Financial LP Purchases New Shares in Amazon.com, Inc. $AMZN

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Canoe Financial LP recently acquired 52,700 shares of Amazon.com, Inc. (AMZN) totaling approximately $12.16 million in the fourth quarter, establishing a new position. This purchase is part of a broader trend where large institutions continue to increase their holdings in Amazon, with institutional investors now owning about 72.20% of the stock. Despite this institutional confidence and positive catalysts such as potential Globalstar acquisition talks and a raised Wells Fargo outlook, Amazon faces near-term risks including a 3.5% seller surcharge, an NLRB bargaining order, and significant insider selling.

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