Wed Sep 25 09:20:36 UTC 2024: ## Institutional Investors Show Continued Interest in Amazon.com

**New York, NY (MarketBeat News) -** Several institutional investors and hedge funds have recently adjusted their holdings in Amazon.com, Inc. (NASDAQ:AMZN), highlighting continued interest in the e-commerce giant.

Kings Path Partners LLC made a new investment in Amazon during the second quarter, purchasing 1,000 shares valued at approximately $193,000. Other firms like TFB Advisors LLC, Moloney Securities Asset Management LLC, Adero Partners LLC, and WMG Financial Advisors LLC also increased their positions in Amazon during the same period.

Meanwhile, Hobart Private Capital LLC made a new purchase of Amazon stock worth $208,000.

**Analysts Remain Optimistic**

Despite recent insider selling by Amazon’s CFO and CEO, analysts remain positive on the company’s prospects. Cantor Fitzgerald, Morgan Stanley, Barclays, Wedbush, and Truist Financial have all issued “overweight” or “buy” ratings on Amazon stock.

According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $222.84.

**Amazon Stock Performance**

Amazon’s stock opened at $193.96 on Wednesday. The company has a market cap of $2.02 trillion and a P/E ratio of 54.33.

**Disclaimer:** This news article is based on information publicly available and should not be considered financial advice.

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