Petrus Trust Company LTA Invests Heavily in Amazon.com Stock

A significant investment in Amazon.com, Inc.'s (NASDAQ:AMZN) stock has been made by Petrus Trust Company LTA. The company acquired 246,167 shares of AMZN's stock during the second quarter, valued at approximately $58.7 million. This purchase represents a new stake for Petrus Trust Company LTA in Amazon.com.

Amazon.com comprises 5.5% of Petrus Trust Company LTA's portfolio, making it the company's fifth largest holding.

This investment is part of a larger trend of institutional investors and hedge funds acquiring shares in AMZN during the second quarter. Silvant Capital Management LLC acquired a new position in shares of Amazon.com valued at about $60 million, while Northstar Financial Companies Inc. bought a new stake in shares of Amazon.com worth around $3.4 million.