Stonehage Fleming Buys New Stake in Amazon.com Worth Nearly $140 Million

Stonehage Fleming Financial Services Holdings Ltd has acquired a new position in Amazon.com Inc. (NASDAQ: AMZN), buying 584,784 shares of the e-commerce giant's stock worth approximately $139,377,000 during the second quarter.

This purchase represents about 4.8% of Stonehage Fleming Financial Services Holdings Ltd's portfolio and makes it the company's 8th largest position.

Amazon.com Inc.'s quarterly earnings data was released on July 30th, with the company reporting $5.75 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.82 by $3.93.