Alta Fox Trims Amazon.com, Inc. (AMZN) Holdings, But Stock Poised for Strong Gains

Amazon.com, Inc. (NASDAQ:AMZN) is among the high growth mega cap stocks you can buy and hold for the next 3 years. Alta Fox Capital Management LLC has trimmed its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 19.9% during the first quarter. Following the sale of 20,652 shares, the firm now owns 83,000 shares of the e-commerce giant, worth $15,792,000, making the stock its fifth-largest holding.

If there’s one company that is on the brink due to tariff risks, it’s definitely Amazon.com, Inc. (NASDAQ:AMZN). But all thanks to the extended tariff break for Chinese imports, there is a good chance that management will deliver as promised. So for now, if we anchor our analysis on the possible U.S.-China deal, Amazon demonstrates the biggest upside potential among the Mag 7.

Amazon.com, Inc. (AMZN) Is "An Overall Piece," Says Jim Cramer

The empire that Amazon.com, Inc. (NASDAQ:AMZN) is, each of its segments is performing well. Of particular importance is its subsidiary Zoox, which just launched a driverless ride-hailing service on the Las Vegas Strip, emerging as the first business to operate a fully autonomous service through a purpose-built robotaxi.

Amazon.com, Inc. (NASDAQ:AMZN) is a Washington-based provider of consumer products, advertising, and subscription services via online and physical outlets. Founded in 1994, the company operates through three segments: North America, International, and Amazon Web Services (AWS).

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