Amazon Shareholder Cuts Stake by 84.7% Amid Increased Institutional Confidence
NWI Management LP has reduced its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 84.7% in the first quarter of this year.
The institutional investor owned 87,000 shares of the e-commerce giant's stock after selling 480,000 shares during the period.
Amazon.com comprises about 1.0% of NWI Management LP's investment portfolio, making it the company's 20th biggest holding.
NWI Management LP's holdings in Amazon.com were worth $18,119,000 at the end of the most recent quarter.