Stocks
Jericho Financial Doubles Down on Amazon with $8.6 Billion Bet
A recent Form 13F filing revealed that Jericho Financial LLP has acquired a new position in Amazon.com, Inc. (NASDAQ:AMZN) during the second quarter.
The firm purchased 36,000 shares of AMZN's stock, valued at approximately $8,580,000.
This represents about 4.4% of Jericho Financial LLP's investment portfolio and makes it their 9th biggest position.
Other institutional investors have also recently bought and sold shares of Amazon.com, including Trust Asset Management LLC, which raised its holdings by 3.3%, and Longfellow Investment Management Co. LLC, which acquired a new position in the company.