Markets
OMERS ADMINISTRATION Corp Acquires Shares of 2,190,282 Amazon.com, Inc. $AMZN
OMERS Administration Corp. recently acquired over 2.19 million shares of Amazon.com, Inc. (AMZN) valued at approximately $522 million, making Amazon its fifth-largest holding. This acquisition highlights continued institutional confidence in Amazon, which reported strong quarterly results with revenues up 19.6% year-over-year and earnings significantly exceeding analyst expectations. Despite strong performance and bullish analyst ratings, the company faces concerns regarding heavy capital expend