Beacon Investment Advisory Services Inc. Sells Stake in Amazon.com
Beacon Investment Advisory Services Inc., a financial institution, disclosed that it had reduced its stake in Amazon.com, Inc. (NASDAQ:AMZN) by selling 1,897 shares of the e-commerce giant's stock during the second quarter.
The company's holdings in Amazon.com were valued at $7,639,000 at the end of the period, according to a recent disclosure with the Securities and Exchange Commission (SEC).
This move reflects Beacon Investment Advisory Services Inc.'s decision to adjust its investment portfolio, which may have been influenced by various market factors or company performance.
Amazon.com has been experiencing significant growth in recent quarters, driven by its e-commerce platform and cloud computing services through Amazon Web Services (AWS).