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Amazon Shareholder Sells Stake Amid Institutional Investor Buying Spree

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AMZN
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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.

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