Amazon's Institutional Support Soars as S&A Financial Services Takes a $1 Million Stake

S&A Financial Services Inc., a financial services firm, has taken a new position in Amazon.com, Inc. (NASDAQ:AMZN) shares during its first quarter filings with the SEC.

The company acquired approximately 5,006 shares of Amazon's stock valued at $1,043,000.

This isn't an isolated instance; several other institutional investors and hedge funds also recently added to or reduced their stakes in Amazon.com.