Amazon CEO Sells $5.02M Stake as Institutions Boost Holdings
Amazon CEO Douglas Herrington sold 20,500 shares at an average price of $245, reducing his direct holdings to 499,861 shares valued at $122.5 million. Meanwhile, Cidel Asset Management, Leo Wealth LLC and Mezzasalma Advisors raised their stakes by 19.4%, 44.2% and 10.8%, holding 26,714, 133,098 and 65,695 shares respectively.
1. CEO Stock Sale
Douglas Herrington sold 20,500 Amazon shares on April 14 at an average price of $245, reducing his direct holdings to 499,861 shares valued at approximately $122.5 million.
2. Cidel Asset Management Stake Increase
Cidel Asset Management raised its position by 19.4% to 26,714 shares during the latest quarter, representing an investment of about $6.17 million in Amazon stock.
3. Leo Wealth LLC Boosts Holdings
Leo Wealth LLC expanded its Amazon stake by 44.2% to 133,098 shares in the period, increasing its holding value to roughly $30.72 million.
4. Mezzasalma Advisors Raises Position
Mezzasalma Advisors increased its Amazon stake by 10.8% to 65,695 shares in the fourth quarter, making the stock 3.5% of its overall portfolio.