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Amazon Stake Reduced by Top Investor Amid Growing Sentiment Around AI

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AMZN
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Allen Mooney & Barnes Investment Advisors LLC has reduced its position in Amazon.com, Inc. (NASDAQ:AMZN) by 5.1% during the second quarter, according to a recent Form 13F filing with the Securities & Exchange Commission.

The firm owned 70,428 shares of the e-commerce giant's stock after selling 3,800 shares during the period.

Amazon.com comprises approximately 2.5% of Allen Mooney & Barnes Investment Advisors LLC's holdings, making it their 12th largest position.

This reduction in Amazon.com holdings was part of a broader trend, as other institutional investors also adjusted their stakes in the company during the same quarter.

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