Wed Sep 25 09:20:36 UTC 2024: ## Amazon Stock Sees Increased Interest from Institutional Investors
**New York, NY – September 25, 2024** – Amazon.com, Inc. (NASDAQ:AMZN) has caught the attention of institutional investors in recent months, with several funds increasing their positions in the e-commerce giant.
Atlas Capital Advisors LLC significantly boosted its holdings in Amazon during the second quarter, increasing its stake by a whopping 631.3%. The firm now owns 45,715 shares of AMZN, representing 1.1% of its portfolio.
Other notable moves include Collective Family Office LLC and Phillips Wealth Planners LLC, both increasing their Amazon holdings in the first quarter. Bayesian Capital Management LP, Summa Corp., and Concord Investment Counsel Inc. all acquired new positions in the company during the fourth quarter and first quarter, respectively.
Institutional investors and hedge funds now own 72.20% of Amazon’s stock, indicating strong confidence in the company’s future prospects.
Despite the bullish sentiment, insider trading activity has been mixed. Jeffrey P. Bezos, Amazon’s founder and former CEO, sold a significant number of shares in July, while other insiders have also offloaded stock in recent months.
Analysts remain optimistic about Amazon’s future, with numerous analysts issuing “buy” or “outperform” ratings on the stock. JMP Securities, Barclays, Wolfe Research, BMO Capital Markets, and Jefferies Financial Group have all recently expressed positive views on the company.
Amazon shares opened at $193.96 on Wednesday, with a market capitalization of $2.02 trillion. The company’s strong financial position and continued growth in its cloud computing business, Amazon Web Services (AWS), are key factors driving investor interest.
First Piper 