D1 Capital Trims Amazon Stake by Over 1 Million Shares
D1 Capital Partners LP, a hedge fund managed by Daniel Sundheim, has reduced its stake in Amazon.com (AMZN) by selling nearly 1.2 million shares.
The transaction occurred recently and involved a significant reduction of the hedge fund's position in AMZN.
According to Spark, an AI Analyst on TipRanks, Amazon is considered a 'Outperform' stock due to improving profitability and returns alongside strong trend strength versus major moving averages.