Stocks
Avior Sells Amazon Shares Amid Hedge Fund Adjustments
Avior Wealth Management LLC sold 16,671 shares of Amazon.com (NASDAQ:AMZN) in the second quarter, reducing its position by 17.2%. The firm now owns 80,017 shares, worth $19,071,000 at the end of the most recent quarter.
This reduction is part of a larger trend as several other hedge funds have adjusted their stakes in AMZN. Vanguard Group Inc., for example, raised its position by 1.1% in the first quarter and now owns 832,274,556 shares worth $158,348,557,000.
Amazon.com's financial performance has been strong, with earnings per share of $5.75 for the second quarter, exceeding the consensus estimate of $1.82 by $3.93.