Amazon.com: AFG Fiduciary Services Cuts Stake by 99.1%

AFG Fiduciary Services Limited Partnership, an investment firm, revealed its reduced stake in Amazon.com, Inc. (NASDAQ:AMZN) in a recent filing with the Securities and Exchange Commission. The company's holdings in Amazon make up 3.0% of its investment portfolio, making it the ninth largest holding.

In the second quarter, AFG Fiduciary Services Limited Partnership sold 1,800,445 shares of Amazon.com's stock, reducing its stake by 99.1%. The company now owns 15,946 shares of the e-commerce giant's stock, valued at $3,870,000 as of its most recent filing.

Amazon.com is a diversified technology and retail company best known for its e-commerce marketplace. The company's quarterly earnings data was released on Thursday, July 30th, showing a revenue of $200.61 billion and a net margin of 17.44%. Equities research analysts forecast that Amazon.com will post 8.05 EPS for the current fiscal year.