Public Event Detail
Apriem Advisors Sells 2,228 Shares of Amazon.com, Inc. $AMZN
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Event summary
Apriem Advisors recently reduced its stake in Amazon.com, Inc. by 2.0% in the fourth quarter, selling 2,228 shares and retaining 109,721 shares valued at approximately $25.3 million. Despite this reduction, Amazon continues to attract significant institutional investment, with major firms acquiring substantial stakes, leading to institutions owning 72.2% of the company. The article notes mixed sentiment regarding Amazon, highlighting strong earnings and AI advancements but also concerns over high AI-related capital expenditure impacting margins and free cash flow.