Amazon Stake Adjustment: Styrax Capital LP Sells Shares Amid Growth Optimism

Styrax Capital LP, an investment firm, has adjusted its holdings in Amazon.com (NASDAQ: AMZN) after selling 16,611 shares of the e-commerce giant's stock during the first quarter. This move resulted in a 1.6% decrease in their stake in Amazon.com.

The firm now owns 1,000,000 shares of Amazon.com's stock, which makes up 14.5% of its holdings. Styrax Capital LP's total investment in Amazon.com is valued at $208,270,000 as per its latest SEC filing.

This adjustment comes amidst a backdrop of significant growth and optimism around Amazon.com. The company recently reported earnings that surpassed analysts' expectations, with revenue rising 19.6% year-over-year to $200.61 billion in the latest quarter.