Abbot Financial Management Inc. Snaps Up $4.1M Worth of Amazon.com Stock

Abbot Financial Management Inc., an institutional investor, has made a significant purchase in Amazon.com, Inc. (NASDAQ:AMZN). In its most recent 13F filing with the SEC, Abbot revealed it purchased 17,271 shares of AMZN during the second quarter, valued at approximately $4,116,000.

This new position makes up about 1.4% of Abbot's holdings and ranks as its 16th largest holding among its various investments in Amazon.com.

Others have also taken a stake in AMZN during the second quarter, including Peachtree Investment Partners LLC, Tulsa Wealth Advisors INC, OMC Financial Services LTD, Briggs Wealth Management Inc, and German American Bancorp Inc. These investors acquired new positions in AMZN worth approximately $7,418,000, $4,204,000, $5,324,000, $231,000, and $35,291,000 respectively.

Institutional investors and hedge funds currently own 72.20% of Amazon.com's stock.