Howard Financial Services LTD. Boosts Stake in Amazon.com to 12.2%

Howard Financial Services LTD., an institutional investor, boosted its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 12.2% during the second quarter. The fund acquired 3,990 additional shares of AMZN stock, bringing its total holdings to 36,786 shares.

The value of these shares was approximately $8,768,000 at the end of the most recent quarter, which accounts for about 0.9% of Howard Financial Services LTD.'s overall portfolio. Amazon.com is the company's 27th largest position.

Amazon's stock has been trending upward due to several factors, including its strong earnings performance and expanding growth opportunities. The e-commerce giant reported $5.75 EPS for the quarter, beating analysts' expectations by $3.93. Its quarterly revenue was up 19.6% compared to the same period last year.

Several other institutional investors have also increased their stakes in Amazon.com during the second quarter. Brighton Jones LLC, Revolve Wealth Partners LLC, and Bank Pictet & Cie Europe AG each acquired more shares of AMZN stock, with total values ranging from $5,495,000 to $442,481,000.