Tue Sep 17 07:18:55 UTC 2024: ## Amazon Stock Sees Mixed Activity: Hedge Funds Adjust Holdings While Insiders Sell Shares

**Seattle, WA – September 17, 2024** – Amazon.com, Inc. (NASDAQ: AMZN) has experienced a flurry of activity in recent months, with hedge funds adjusting their positions and company insiders selling shares.

Clear Creek Financial Management LLC reduced its stake in the e-commerce giant by 3.4% in the second quarter, selling 1,533 shares. Despite the reduction, Amazon.com remains the 17th largest holding in Clear Creek’s portfolio. Meanwhile, other hedge funds have increased their holdings in Amazon. Notably, Norges Bank entered a new position in the fourth quarter valued at $17.7 billion, while Vanguard Group Inc. increased its holdings by 1.9% in the first quarter.

However, insider activity paints a different picture. CEO Douglas J. Herrington sold 3,500 shares in July, followed by VP Shelley Reynolds selling 3,791 shares in August. This insider selling activity totaling over $1.2 billion in the last quarter may raise concerns about the company’s future prospects.

Despite the mixed signals, analysts remain bullish on Amazon. Robert W. Baird, Sanford C. Bernstein, and Royal Bank of Canada have all recently raised their price targets for AMZN shares.

Amazon.com’s stock opened at $184.89 on Tuesday, with a 52-week low of $118.35 and a 52-week high of $201.20. The company currently has a market cap of $1.92 trillion and a consensus rating of “Buy” with an average price target of $222.49.

**Investors will be closely watching to see if the mixed signals from hedge funds and insiders translate into a change in sentiment for Amazon.com stock.**

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