Fri Sep 20 07:12:57 UTC 2024: ## MWA Asset Management Slightly Reduces Amazon Holdings While Other Investors Buy Up Shares

**Seattle, Washington – September 20, 2024** – MWA Asset Management trimmed its Amazon.com, Inc. (NASDAQ:AMZN) stake by 0.7% during the second quarter, according to a recent SEC filing. While the institutional investor sold 152 shares, they still own 22,869 shares of the e-commerce giant, representing 3.1% of their portfolio. This makes Amazon the fourth largest position for MWA Asset Management.

However, other institutional investors are showing greater confidence in Amazon. Vanguard Group Inc. increased its Amazon holdings by 1.9% in the first quarter, now owning 785,811,114 shares valued at $141,744,609,000. Notably, Norges Bank entered the market with a new stake in Amazon in the fourth quarter, valued at $17,700,551,000. Capital Research Global Investors and Bank of New York Mellon Corp also boosted their positions in Amazon during the first and second quarters, respectively.

While MWA Asset Management’s slight reduction might indicate a cautious approach, overall sentiment from institutional investors appears bullish.

**Analyst Opinions Remain Positive**

Research firms remain positive on Amazon’s prospects. Morgan Stanley lowered its price target but maintained an “overweight” rating, while other firms like Benchmark, Sanford C. Bernstein, Wedbush, and Barclays have issued “buy” or “overweight” ratings, with target prices ranging from $200 to $235. Overall, the average analyst rating for AMZN is “Buy,” with a consensus target price of $222.49.

**Recent Earnings and Insider Transactions**

Amazon reported strong earnings in the second quarter, beating analysts’ expectations on both earnings per share and revenue. However, insider transactions have been mixed, with SVP David Zapolsky and CEO Douglas J. Herrington selling shares in recent months.

**Looking Ahead**

Amazon remains a prominent player in the e-commerce and cloud computing sectors. Despite some investor caution, the overall trend suggests continued positive sentiment toward the company. The market will be watching closely to see how Amazon navigates the evolving digital landscape and maintains its dominant position.

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