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Amazon.com Stake Cut by Wedge Capital as Firm Continues to Bet Big on Cloud Revenue

Guavy AI Editorial Team
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AMZN
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Wedge Capital Management L P NC has reduced its stake in Amazon.com by 11.6% during the second quarter, selling 1,952 shares of the e-commerce giant's stock.

The institutional investor now owns 14,828 shares of Amazon.com's stock after the sale, with a total value of $3,534,000 at the end of the most recent reporting period.

This is not an isolated incident as several other hedge funds and institutional investors have also modified their holdings in Amazon.com in recent quarters.

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