Prospect Financial Services LLC Acquires New Position in Amazon.com, Inc.

Prospect Financial Services LLC has acquired a new position in Amazon.com, Inc. (NASDAQ:AMZN) during the second quarter, according to a recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased approximately 13,785 shares of the e-commerce giant's stock, valued at $3,286,000.

This represents about 1.7% of Prospect Financial Services LLC's holdings, making Amazon.com its 17th biggest holding. Several other institutional investors and hedge funds have also recently added to or reduced their stakes in AMZN.