Amazon.com Stake Reduced by Clarkston Capital Partners LLC as Institutional Ownership Hits New High
Clarkston Capital Partners LLC sold 55,672 shares of Amazon.com, Inc. stock during the first quarter, reducing its stake by 91.6%. The firm owned 5,099 shares after the sale and the value of those holdings was $1,062,000 as of its most recent filing with the SEC.
Clarkston Capital Partners LLC is not the only large investor to make changes to their positions in Amazon.com's stock. Vanguard Group Inc. boosted its position by 1.1% during the first quarter and now owns 832,274,556 shares worth $158,348,557,000. State Street Corp raised its holdings by 1.8% in the fourth quarter and now owns 388,653,121 shares valued at $89,708,913,000.
Amazon.com reported earnings per share of $5.75 for the second quarter, beating the consensus estimate of $1.82. The company's revenue was up 19.6% compared to the same quarter last year and it now has a market capitalization of $2.94 trillion.