AMI Asset Management Cuts Stake in Amazon Amid AI Investments
AMI Asset Management Corp recently reduced its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 2.1% during the second quarter.
The firm sold 7,026 shares of the e-commerce giant's stock, leaving it with 331,221 shares worth $78,943,000 at the end of the most recent quarter.
Amazon.com comprises approximately 4.5% of AMI Asset Management Corp's holdings, making the stock its fifth largest position.