Amazon Stock Holdings Decline Despite Institutional Buying
Coppell Advisory Solutions LLC decreased its position in Amazon.com, Inc. (NASDAQ:AMZN) by 65.1% during the second quarter, according to a recent disclosure with the Securities & Exchange Commission.
The institutional investor owned 17,977 shares of the e-commerce giant's stock after selling 33,497 shares during the period. Coppell Advisory Solutions LLC's holdings in Amazon.com were worth $43,000 at the end of the most recent quarter.
Meanwhile, other institutional investors and hedge funds have also made changes to their positions in AMZN. Auto Owners Insurance Co lifted its holdings in shares of Amazon.com by 27,376.7% in the fourth quarter. The company now owns 98,448,885 shares of the e-commerce giant's stock valued at $2,272,397,000 after buying an additional 98,090,585 shares during the period.
Amazon's CEO Andrew Jassy sold 20,000 shares of the firm's stock in a transaction on Friday, August 21st. The shares were sold at an average price of $259.01, for a total value of $5,180,200.00. Following the transaction, the chief executive officer owned 2,235,766 shares of the company's stock, valued at approximately $579,085,751.66.