Tue Oct 01 08:01:45 UTC 2024: ## Amazon.com (AMZN) Stock Sees Increased Interest from Institutional Investors

**New York, NY** – Amazon.com, Inc. (AMZN) continues to attract significant attention from institutional investors, with several major players adjusting their holdings in the e-commerce giant during recent quarters. Notably, Willis Johnson & Associates Inc. increased its position in AMZN by 23.6% in the second quarter, now owning 9,133 shares worth $1,765,000.

Several other institutional investors have also shown interest in Amazon.com, including:

* **Norges Bank:** Bought a new position worth $17.7 billion in the fourth quarter.
* **Vanguard Group Inc.:** Increased its holdings by 1.9% in the first quarter, now owning 785,811,114 shares worth $141.7 billion.
* **Swedbank AB:** Acquired a new position worth $2.24 billion in the first quarter.
* **Capital World Investors:** Increased its stake by 64.6% in the first quarter, now holding 29,359,677 shares valued at $5.3 billion.
* **Capital Research Global Investors:** Expanded its position by 8.5% in the first quarter, now owning 86,982,857 shares valued at $15.7 billion.

Overall, 72.2% of AMZN stock is currently owned by institutional investors, indicating a strong level of confidence in the company’s future.

Analyst sentiment towards Amazon.com remains positive, with forty-one analysts giving the stock a “buy” rating and one a “strong buy.” The consensus rating is “Buy,” with a target price of $223.65.

Despite the positive outlook, recent insider transactions have raised some eyebrows. Jeffrey P. Bezos sold 3,085,116 shares of Amazon.com stock in July, for a total value of $617.2 million, reducing his stake to 931,925,277 shares. Similarly, SVP David Zapolsky sold 2,190 shares in September for $427,050.

Amazon.com last reported earnings on August 1st, beating analyst expectations with $1.23 EPS and $147.98 billion in revenue. The company is expected to post 4.86 EPS for the current fiscal year.

Amazon.com’s stock opened at $186.33 on Tuesday, with a market capitalization of $1.94 trillion. While institutional investors remain bullish on the company, insider selling activity and recent market fluctuations may warrant further attention.

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