Alaska Department of Revenue adjusts stake in Amazon.com stock
1 report, 1 independent
Updated Oct 24
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What happened
The State of Alaska Department of Revenue reduced its stake in Amazon.com, Inc. by 0.8% during the third quarter. The department’s holdings in the e-commerce giant were valued at $276,229,000 as of the most recent SEC filing. The department owned 1,138,963 shares after also purchasing an additional 8,608 shares during the quarter.
From tickerreport.com
Why it matters
The adjustment by the State of Alaska Department of Revenue is one of several recent modifications to Amazon.com's holdings by institutional investors. Amazon.com represents about 2.6% of the State of Alaska Department of Revenue’s investment portfolio.
From tickerreport.com
Who's involved
- Amazon.comThe core e-commerce platform subject to the stock adjustment.
- Amazon.com, Inc.The corporate entity whose stock was adjusted by the State of Alaska Department of Revenue.
- AmazonThe American multinational technology company that owns Amazon.com.
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The entities involved
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Amazon.com
e-commerce platform