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Guinness Asset Management LTD Trims Stock Position in Amazon.com, Inc. $AMZN
Guinness Asset Management LTD reduced its stake in Amazon.com, Inc. by 4.6% in the third quarter, selling 10,070 shares and ending with 208,983 shares valued at $46.43 million. Meanwhile, Amazon is investing heavily in AI and cloud strategy, including a potential $50 billion commitment to OpenAI and expanding AWS data centers. Insider selling has occurred, yet analysts maintain a “Moderate Buy” consensus with a price target of $287.29.