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Robinhood Takes Aim at Amazon with New Multi-Million Stake

Guavy AI Editorial Team
Instruments
AMZN
Share

Robinhood Asset Management LLC has bought new shares in Amazon.com, Inc., valued at approximately $28.75 million.

The institutional investor purchased 120,630 shares of Amazon's stock during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC).

This represents 1.5% of Robinhood Asset Management LLC's investment portfolio, making it the company's ninth largest position.

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