Despite major investors selling off shares, Amazon's earnings and revenue surpassed analyst expectations.

BlueSpruce Investments LP reduced its Amazon holdings by 7.6%, while Captrust Financial Advisors increased its stake by 9.4%. Blackstone Inc. sold off 36.6% of its Amazon shares. Despite these moves, Amazon's stock performed well, reporting earnings of $1.59 per share and revenue of $155.67 billion, both surpassing analyst expectations. Analysts predict a 6.31 EPS for the year with a Moderate Buy rating.