Amazon Stake Trimmed by Financial Avengers Inc.

Financial Avengers Inc., an experienced investment firm, has made some adjustments to its portfolio in the first quarter. The company sold 4,243 shares of Amazon.com, Inc. (NASDAQ:AMZN), reducing its stake by 3.8%. This move is notable as Amazon.com makes up approximately 10.2% of Financial Avengers Inc.'s investment portfolio.

As a result of this sale, Financial Avengers Inc. now owns 106,966 shares of Amazon.com's stock, valued at $22,278,000 according to its most recent SEC filing. This represents a significant holding for the firm, making Amazon.com its second-largest investment.

The e-commerce giant reported strong earnings results in its latest quarterly report, beating analysts' expectations with $5.75 EPS and revenue of $200.61 billion. The company's AWS segment has been a key driver of growth, with revenue increasing 36.7% year-over-year to $42.2 billion.