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Eastern Bank Scales Back Its Amazon Bet

Guavy AI Editorial Team
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AMZN
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Eastern Bank trimmed its holdings in Amazon.com by 4.6% during the second quarter, according to its most recent SEC filing.

The firm owned 670,857 shares of the e-commerce giant's stock after selling 32,215 shares during the quarter.

Amazon.com makes up approximately 2.4% of Eastern Bank's holdings, making it the company's tenth biggest position.

The value of Amazon.com in Eastern Bank's portfolio was $159,892,000 as of its most recent SEC filing.

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