Stocks
Epoch Sells Stake in Amazon Amid Bullish Analyst Views
Epoch Investment Partners Inc., a prominent investment firm, has reduced its stake in Amazon.com, Inc. (NASDAQ:AMZN) by selling 27,504 shares during the first quarter.
This move resulted in a 4.4% decrease in Epoch's position in Amazon, with the firm now owning 597,495 shares of the e-commerce giant's stock.
The value of Epoch's holdings in Amazon is approximately $124,440,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also made changes to their stakes in Amazon during the quarter, including Red Crane Wealth Management LLC, which raised its stake by 2.3%, and Sfam LLC, which increased its holdings by 3.4%.