Tiger Global Management, led by Chase Coleman, significantly reduced its stake in Amazon.Com, Inc. (AMZN) by selling over 1 million shares. This move comes amidst Amazon’s volatile stock performance due to concerns over large capital expenditures and weaker near-term free cash flow, despite strong Q4 results and bullish analyst targets. TipRanks’ AI Analyst, Spark, rates AMZN as Neutral, noting financial strengths balanced by free cash flow and technical weaknesses.
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Tiger Global Management Cuts Over 1 Million Amazon Shares
Tiger Global Management, led by Chase Coleman, significantly reduced its stake in Amazon.Com, Inc. (AMZN) by selling over 1 million shares. This move comes amidst Amazon’s volatile stock performance due to concerns over large capital expenditures and weaker near-term free cash flow, despite strong Q4 results and bullish analyst targets. TipRanks’ AI Analyst, Spark, rates AMZN as Neutral, noting financial strengths balanced by free cash flow and technical weaknesses.