NS Partners Cuts Amazon Stake as Earnings Boost Optimism
NS Partners Ltd recently sold 10,925 shares of Amazon.com, Inc. (NASDAQ:AMZN) stock in the second quarter, reducing its stake by 2.5%.
The firm now owns 432,524 shares of the e-commerce giant's stock after selling the shares during the period, which accounts for about 4.4% of NS Partners Ltd's investment portfolio.
Amazon.com is the company's fifth-largest holding, with its holdings in Amazon.com worth approximately $103 million as of its most recent filing with the Securities and Exchange Commission.
This sale comes amidst various changes to investment portfolios among other large investors. Trust Asset Management LLC grew its holdings in shares of Amazon.com by 3.3% during the second quarter, while Bard Associates Inc. bought a new stake in shares of Amazon.com valued at approximately $32,000.