Fri Sep 20 09:12:52 UTC 2024: ## Amazon Stock Sees Mixed Investor Activity: K.J. Harrison & Partners Reduces Holdings, While Others Buy

**Seattle, WA – September 20, 2024** – Amazon.com, Inc. (NASDAQ:AMZN) saw a mixed bag of investor activity in the recent quarter, with some large investors reducing their holdings while others increased their stakes.

K.J. Harrison & Partners Inc, a notable investor, decreased its stake in Amazon by 11.2% during the second quarter, selling 13,081 shares. Despite the reduction, Amazon remains their third-largest holding, representing 3.3% of their portfolio.

However, other investors took a different approach. Vanguard Group Inc. boosted its position in Amazon by 1.9% in the first quarter, acquiring 14,724,687 additional shares. Capital Research Global Investors also increased their holdings by 8.5% in the first quarter, purchasing 6,810,145 shares.

Norges Bank made a significant move by purchasing a new position in Amazon during the fourth quarter, valued at $17,700,551,000. Bank of New York Mellon Corp also added to its holdings by 0.4% in the second quarter, acquiring 289,532 shares. Jennison Associates LLC increased its stake by 0.5% in the first quarter, purchasing 295,132 shares.

Overall, institutional investors hold 72.20% of Amazon stock.

Amazon’s stock opened at $189.87 on Friday, with a 12-month low of $118.35 and a 12-month high of $201.20. The company has a market capitalization of $1.98 trillion.

Several analysts have issued reports on Amazon. JMP Securities upgraded their target price to $265.00, while Rosenblatt Securities and Maxim Group also raised their price objectives. However, Wells Fargo & Company and JPMorgan Chase & Co. reduced their price targets. Overall, analysts currently have a consensus “Buy” rating for the stock, with an average price target of $222.49.

In recent insider activity, CEO Andrew R. Jassy and VP Shelley Reynolds each sold shares of Amazon stock.

Amazon, Inc. operates as an e-commerce retailer, cloud service provider, and media content producer, with operations in North America and internationally.

For more information on Amazon’s stock and other investor activities, please visit HoldingsChannel.com.

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