Amazon Shareholder Sells Stake Amid Institutional Investor Buying Spree
SBI Okasan Asset Management Co.Ltd., an institutional investor, has reduced its stake in Amazon.com, Inc. (NASDAQ:AMZN) by selling 2,208 shares during the second quarter.
The sale brought SBI Okasan's total ownership to 26,370 shares of Amazon stock, valued at $6,332,000.
This represents a 7.7% decrease in their holdings and makes up approximately 0.2% of the company's overall portfolio.