Norris Perne & French LLP MI Cuts Stake in Amazon.com
Norris Perne & French LLP MI has sold 2,996 shares of Amazon.com (NASDAQ:AMZN), reducing its stake in the e-commerce giant by 2.1% during the second quarter.
The institutional investor now owns 139,623 shares of Amazon's stock after the sale, which represents a value of $33,278,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
This is not an isolated instance; other large investors have also been buying and selling Amazon.com shares. For example, Gryphon Financial Partners LLC boosted its stake in Amazon by 7.5% during the first quarter.