Compagnie Lombard Odier SCmA invests $451.64 million in Amazon.com, Inc.
Compagnie Lombard Odier SCmA opened a new position by buying 2,056,938 shares of Amazon.com, Inc. stock worth approximately $451.64 million during the third quarter, making Amazon its 5th-largest holding. Amazon's AWS division is expanding AI/data infrastructure and data centers, which falls under the infrastructure definition.
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Deal Analysis
- Compagnie Lombard Odier SCmA invested $451.64 million in Amazon.com, Inc.
- This new position makes Amazon Lombard Odier's 5th-largest holding.
- The investment targets Amazon's AWS division, specifically its AI/data infrastructure and data center expansion.
- Involves a prominent Swiss private bank and asset manager, Lombard Odier, as the investor.
Source Intelligence
Compagnie Lombard Odier SCmA opened a new position by buying 2,056,938 shares of Amazon.com, Inc. stock during the third quarter, making Amazon its 5th-largest holding and approximately 5.0% of the fund's portfolio. Amazon's AWS division is expanding AI/data infrastructure and data centers. Quotes: - "Compagnie Lombard Odier SCmA opened a new position of 2,056,938 AMZN shares worth about $451.64 million in Q3, making Amazon roughly 5.0% of the fund's portfolio and its 5th-largest holding." - "Compagnie Lombard Odier SCmA bought a new position in shares of Amazon.com, Inc. ( NASDAQ:AMZN ) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 2,056,938 shares of the e-commerce giant's stock, valued at approximately $451,642,000." - "Amazon.com accounts for about 5.0% of Compagnie Lombard Odier SCmA's investment portfolio, making the stock its 5th largest holding." - "Amazon's AWS is accelerating (recently +24% YoY) and the company is expanding AI/data infrastructure"
"Compagnie Lombard Odier SCmA Invests $451.64 Million in Amazon.com, Inc."
"Compagnie Lombard Odier SCmA Invests $451.64 Million in Amazon.com, Inc."
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