Eminence Capital Trims Amazon.com Stake, Sheds 73,281 Shares

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Eminence Capital LLC, managed by Ricky Sandler, reduced its stake in Amazon.Com, Inc. by 73,281 shares. Despite recent stock volatility and concerns about a large capital expenditure plan, analysts maintain a “Strong Buy” rating for Amazon, citing strong AWS and AI investments, and growth in advertising. TipRanks’ AI Analyst, Spark, rates AMZN as “Neutral” due to financial performance and earnings outlook balanced against free cash flow conversion and valuation.

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