Wed Sep 25 09:20:28 UTC 2024: ## Hantz Financial Services Acquires Significant Stake in Amazon, Joining Institutional Investors

**New York, NY** – Hantz Financial Services Inc. has made a significant investment in e-commerce giant Amazon.com, Inc. (NASDAQ:AMZN) during the second quarter, according to HoldingsChannel.com. The firm purchased 765,939 shares, valuing the investment at approximately $148 million, making Amazon.com their third largest holding, representing 2.8% of their portfolio.

This investment follows a trend of institutional investors increasing their stakes in Amazon. Several other firms, including Cooksen Wealth LLC, Clarity Asset Management Inc., Christopher J. Hasenberg Inc., Steph & Co., and Advantage Trust Co. have also acquired new positions in the company’s stock during various quarters of the past year.

Overall, hedge funds and institutional investors collectively own 72.2% of Amazon.com shares, highlighting the strong confidence in the company’s future prospects.

Amazon.com stock opened at $193.96 on Wednesday, with a 12-month low of $118.35 and a high of $201.20. The company has a market cap of $2.02 trillion and enjoys a “Buy” rating from analysts, with a consensus target price of $222.84.

In recent months, Amazon.com has seen insider trading activity, with both CEO Jeffrey P. Bezos and CFO Brian T. Olsavsky selling shares. However, the company continues to be a major player in the e-commerce, cloud computing, and media content industries.

**Analysts Remain Bullish**

While some analysts have adjusted their price targets, most maintain a positive outlook for Amazon.com, with Truist Financial, Goldman Sachs, Jefferies Financial Group, Morgan Stanley, and Maxim Group all issuing “Buy” or “Overweight” ratings.

This news further reinforces the strong position Amazon.com holds in the market, attracting substantial investment from both institutional and individual investors. As the company continues to innovate and expand its reach, it remains a key player in the global technology and retail landscape.

Read More