Stocks
Amazon Share Sell-Offs Continue as ICONIQ Capital Reduces Stake
ICONIQ Capital LLC reduced its stake in Amazon.com (NASDAQ:AMZN) shares by 79.3% during the second quarter, according to a recent SEC filing.
The fund owned 51,917 shares of the e-commerce giant's stock after selling 199,144 shares during the quarter.
Amazon makes up 0.4% of ICONIQ Capital LLC's holdings, making it the company's 18th biggest holding.
In other news, Amazon CEO Douglas J. Herrington sold 6,362 shares of the stock on August 21st at an average price of $259.01 for a total value of $1,647,821.62.
Meanwhile, another executive, Matthew Garman, sold 14,541 shares of the firm's stock on the same day at an average price of $259.06 for a total value of $3,766,991.46.