SRB Corp Trims Stake in Amazon, Other Institutional Investors Adjust Positions

SRB Corp trimmed its position in Amazon.com, Inc. (NASDAQ:AMZN) by 2.2% in the first quarter, according to a recent disclosure with the Securities and Exchange Commission.

The institutional investor owned 450,434 shares of the e-commerce giant's stock after selling 10,016 shares during the quarter. This represents about 5.8% of SRB Corp's portfolio, making Amazon.com its 6th biggest position.

The value of SRB Corp's holdings in Amazon.com was $93,812,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in AMZN. Empirical Finance LLC boosted its holdings in shares of Amazon.com by 9.9% during the first quarter, while Bridgewater Advisors Inc. grew its position in shares of Amazon.com by 2.2%.

Amazon.com's stock has a market capitalization of $2.96 trillion and a P/E ratio of 22.08. The company reported $5.75 EPS for the second quarter, topping analysts' consensus estimates of $1.82.