Wed Sep 25 07:14:58 UTC 2024: ## Amazon Stock Sees Mixed Signals from Institutional Investors

**Seattle, WA – September 25, 2024** – While some institutional investors are increasing their holdings in Amazon.com (NASDAQ: AMZN), others are taking a more cautious approach. Azzad Asset Management Inc. ADV, for instance, lowered its stake in the e-commerce giant by 0.6% during the second quarter, selling 60 shares. This follows a trend of several other institutional investors who also adjusted their positions in Amazon.com during the recent quarters.

Garrison Point Advisors LLC, Meridian Investment Counsel Inc., Ridgecrest Wealth Partners LLC, Stordahl Capital Management Inc., and Lutz Financial Services LLC all increased their holdings in Amazon.com during the first and second quarters of 2024. However, these increases were generally small, ranging from 0.3% to 2.1%.

Despite the mixed signals from institutional investors, Amazon.com continues to see activity from company insiders. VP Shelley Reynolds sold 3,791 shares on August 21st, while SVP David Zapolsky sold 4,710 shares on June 27th. These sales, along with other insider transactions, amounted to 6,104,317 shares worth $1,220,621,322 over the past quarter.

Amazon.com’s stock opened at $193.96 on Wednesday. The company reported strong earnings per share (EPS) of $1.23 for the quarter, beating analyst estimates. However, revenue fell short of expectations. Analysts anticipate that Amazon.com, Inc. will post 4.86 EPS for the current fiscal year.

Overall, the recent activity from institutional investors and insiders suggests a cautious approach to Amazon.com’s stock. While some see potential for growth, others are taking profits or maintaining their existing positions. Investors will be watching closely to see how Amazon.com performs in the coming months.

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