Amazon Shareholder Sells Stake Amid Regulatory Pressures

SBI Securities Co. Ltd., an institutional investor, reduced its position in Amazon.com Inc. by 3.6% during the second quarter of this year. The company owned approximately 377,671 shares of AMZN's stock after selling 14,239 shares during the period. This makes up about 2.0% of SBI Securities Co. Ltd.'s holdings, with AMZN being its 12th largest holding.

The value of SBI Securities Co. Ltd.'s holdings in Amazon.com was $90,014,000 at the end of the most recent quarter. Other institutional investors and hedge funds have also been actively buying and selling shares of AMZN, including Vanguard Group Inc., State Street Corp, and Geode Capital Management LLC.

Analysts remain constructive about Amazon's prospects despite some challenges. A number of research firms, such as Oppenheimer, Morgan Stanley, BMO Capital Markets, Robert W. Baird, and Roth Capital, have issued positive ratings on the stock with price targets ranging from $310 to $360.