Institutional Investors Castleview Partners and Castle Rock Trim Stakes in Amazon

Institutional investors have trimmed their holdings in Amazon.com, Inc. ahead of its third-quarter earnings report. Castleview Partners LLC reduced its position by 33.8% to 4,308 shares valued at approximately $1.07 million, while Castle Rock Wealth Management LLC cut its stake by 10.9% to 32,991 shares worth about $8.46 million. Despite these reductions, overall institutional ownership stands at roughly 72.20%. Amazon recently opened at $250.00 with a market capitalization of $2.70 trillion, and Wall Street maintains a consensus 'Moderate Buy' rating with an average target price of $322.53.