Amazon.com Shares Slump as Jackson Wealth Management Sells 26,816 AMZN Holdings
Jackson Wealth Management LLC has significantly reduced its holdings in Amazon.com (NASDAQ:AMZN), selling 26,816 shares during the second quarter. The fund now owns 2,575 shares of Amazon's stock, valued at $614,000.
This reduction is part of a broader trend, with other hedge funds and institutional investors making changes to their positions in AMZN. Despite this, institutional ownership remains high, with 72.20% of the stock currently held by institutional investors.
The e-commerce giant's cloud computing arm, Amazon Web Services (AWS), continues to be a major growth driver for the company. Analysts argue that rising AI workloads could support faster AWS growth and higher margins, even as model commoditization puts pressure on revenue per inference call.