Pennington Partners Boosts Stake in Amazon.com
Pennington Partners & CO. LLC has increased its stake in Amazon.com by 37.9% in the first quarter, according to a recent filing with the Securities & Exchange Commission.
The institutional investor now owns 15,882 shares of the e-commerce giant's stock after buying an additional 4,369 shares during the period.
Amazon.com makes up about 1.1% of Pennington Partners & CO. LLC's investment portfolio, making it the company's 13th largest holding.