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Genesis Financial Group Cuts Holdings in Amazon.com

Guavy AI Editorial Team
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AMZN
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Genesis Financial Group LLC, an institutional investor, reduced its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 14.1% in the first quarter, according to a recent disclosure with the Securities and Exchange Commission.

The company owned 30,162 shares of Amazon's stock after selling 4,964 shares during the period. The value of Genesis Financial Group LLC's holdings in Amazon.com was $6,282,000 as of its most recent SEC filing.

This reduction makes Amazon.com comprise 4.0% of Genesis Financial Group LLC's portfolio, making it the company's 7th largest holding.

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