Stocks
Amazon.com Inc Stake Reduced by SlateStone Wealth LLC, Analysts Remain Bullish
SlateStone Wealth LLC reduced its position in Amazon.com Inc (NASDAQ:AMZN) shares by 4.2% during the second quarter, according to a recent filing with the Securities and Exchange Commission.
The fund owned 112,677 shares of the e-commerce giant's stock after selling 4,911 shares during the period.
Amazon.com accounts for 2.1% of SlateStone Wealth LLC's investment portfolio, making the stock its 8th largest position.
The company had a market capitalization of $2.76 trillion and a P/E ratio of 20.62 as of Friday.