Stocks
Coastal Bridge Advisors Buys into Amazon with $31.9 Million Stake
Coastal Bridge Advisors LLC has acquired a new position in Amazon.com, Inc. (NASDAQ:AMZN) shares in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission.
The firm purchased 133,997 shares of the e-commerce giant's stock valued at approximately $31,937,000. This accounts for about 2.0% of Coastal Bridge Advisors LLC's investment portfolio, making it the company's 10th largest position.
Other institutional investors and hedge funds have also recently bought and sold Amazon.com shares.