9258 Wealth Management LLC has recently reduced its position in Amazon.com, Inc. (NASDAQ:AMZN), according to American Banking and Market News. This event occurred during the third quarter, and the company’s holdings in Amazon.com were cut by a significant amount. This development is important because it indicates a change in the investment strategy of 9258 Wealth Management LLC, and it may have implications for the overall performance and valuation of Amazon.com on the NASDAQ stock exchange.

abrdn plc reduces its holdings in Amazon.com, Inc.

abrdn plc, another investment company, also decreased its holdings in Amazon.com, Inc. during the third quarter. The reduction amounted to 8.3% of the company’s shares. This decision made by abrdn plc could be influenced by various factors, including their assessment of Amazon.com’s future prospects, market conditions, and overall investment portfolio strategy. The move by abrdn plc is noteworthy as it suggests an adjustment in their investment positions and market perception of Amazon.com’s value.

Holistic Financial Partners trims its holdings in Amazon.com, Inc.

Holistic Financial Partners, a financial management firm, has also decreased its holdings in Amazon.com, Inc. during the third quarter. They sold off 1.9% of their shares during this time. The reason for this reduction is not explicitly mentioned, but it could be due to a variety of factors, such as changing market conditions or the need for portfolio diversification. This decrease in holdings by Holistic Financial Partners indicates a potential shift in their investment strategy and risk assessment of Amazon.com.

Phraction Management LLC trims its position in Amazon.com, Inc.

Phraction Management LLC, an investment firm, has trimmed its position in Amazon.com, Inc. by 8.1% during the third quarter. This reduction could be driven by various factors, such as profit booking, risk management, or rebalancing their investment portfolio. The decision made by Phraction Management LLC to decrease their position in Amazon.com represents a potentially significant change in their investment strategy and outlook on the company’s future performance.

Summary:

• 9258 Wealth Management LLC has reduced its holdings in Amazon.com, Inc.
• abrdn plc also decreased its holdings in Amazon.com, Inc.
• Holistic Financial Partners has sold off some of its shares in Amazon.com, Inc.
• Phraction Management LLC has trimmed its position in Amazon.com, Inc.

These actions by different investment firms indicate a possible reevaluation of Amazon.com’s value and performance in the market. It may also suggest shifts in investment strategy and risk assessment by these firms. The changes made to their positions in Amazon.com could have implications for the stock’s overall performance on the NASDAQ exchange and provide insights into the current market perception of the company’s prospects.