Amazon Stake Sells Off by 78% as Institutional Investors Cut Exposure
Sanders Morris Harris LLC reduced its stake in Amazon.com, Inc. by 78.4% during the second quarter, according to a recent disclosure with the Securities & Exchange Commission.
The fund owned 3,670 shares of the e-commerce giant's stock after selling 13,340 shares during the quarter.
Sanders Morris Harris LLC's holdings in Amazon.com were worth $875,000 as of its most recent SEC filing.