Altarock Cuts Massive Amazon Stake Amid Concerns Over Cash Flow
Altarock Partners Llc has made a significant change to its investment portfolio by reducing its stake in Amazon.Com, Inc. (AMZN) by a substantial number of shares.
The hedge fund managed by Mark Thomas Massey sold 1,837,974 shares, marking a notable shift in their holdings.
According to Spark's analysis, AMZN is a strong stock with improving profitability and returns, as well as a robust trend strength versus major moving averages.
However, the score is tempered by concerns over negative TTM free cash flow and management's large CapEx plan, which could impact cash generation and margins in the near term.