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Coronation Fund Managers Sells 8.8% Stake in Amazon.com

Guavy AI Editorial Team
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AMZN
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Coronation Fund Managers Ltd. has significantly reduced its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by selling 31,855 shares during the first quarter of this year.

The firm now owns 330,915 shares of the e-commerce giant's stock after reducing its stake by 8.8% from its previous holding.

Coronation Fund Managers Ltd.'s holdings in Amazon.com are worth approximately $68.92 million at the end of the most recent quarter, making it the company's 7th largest position, accounting for about 3.1% of its overall portfolio.

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