Amazon.com (AMZN) Shares Trimmed by Empire Life Investments Inc.

Amazon.com, Inc. (AMZN) saw its shares trimmed by Empire Life Investments Inc., which reduced its stake in the e-commerce giant by 7.0% during the second quarter, according to a recent disclosure with the Securities and Exchange Commission (SEC).

The firm owned 319,666 shares of Amazon.com's stock after selling 24,050 shares during the period. Amazon.com comprises about 4.3% of Empire Life Investments Inc.'s investment portfolio, making it its 4th largest position.

Empire Life Investments Inc.'s holdings in Amazon.com were worth $76,189,000 as of its most recent filing with the SEC.

This is not the only change to institutional investors' positions in Amazon.com. Trust Asset Management LLC raised its stake in shares of Amazon.com by 3.3% during the second quarter, while MilWealth Group LLC increased its position in shares of Amazon.com by 79.0% in the 4th quarter.

CEO Andrew R. Jassy sold 20,000 shares of the business's stock on August 21st at an average price of $259.01 for a total value of $5,180,200.00 under a pre-arranged Rule 10b5-1 trading plan.