Suncoast Equity Management Cuts Amazon Stake by 5,183 Shares

Suncoast Equity Management, managed by Donald R. Jowdy, has significantly reduced its stake in Amazon.com (AMZN) by selling 5,183 shares.

This transaction is a notable shift in the hedge fund's position on the e-commerce giant, which has been a major player in the market for years.

Amazon's price performance year-to-date (YTD) stands at 17.66%, with an average trading volume of 49,359,405 shares and a current market cap of $2921.4 billion.