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Tue Jan 21 10:40:00 UTC 2025: **Institutional Investors Increase Stakes in Amazon; Analysts Remain Bullish**
NEW YORK, NY – Several institutional investors have increased their holdings in Amazon.com (NASDAQ: AMZN) in recent quarters, signaling continued confidence in the e-commerce giant despite recent market fluctuations. Weaver Consulting Group notably boosted its stake by 16.8% in Q4, now owning 14,152 shares valued at $3.1 million. Other firms, including Semus Wealth Partners LLC, Bell Investment Advisors Inc., O Connor Financial Group LLC, Cherrydale Wealth Management LLC, and Cedar Point Capital Partners LLC, also reported increased positions, albeit on a smaller scale. Institutional investors collectively own 72.2% of Amazon’s stock.
This positive sentiment from institutional investors aligns with the overwhelmingly bullish outlook from analysts. Several firms recently raised their price targets on AMZN, including Maxim Group ($260), Morgan Stanley ($280), JPMorgan Chase & Co. ($280), and Monness Crespi & Hardt ($245). MarketBeat reports an average analyst rating of “Moderate Buy” with a $245.65 price target.
Despite insider selling activity—with CEO Matthew S. Garman and founder Jeffrey P. Bezos recently offloading significant shares—the positive analyst sentiment and increased institutional investment suggest continued confidence in Amazon’s long-term prospects. Amazon’s Q3 earnings beat expectations, reporting $1.43 EPS on revenue of $158.88 billion.
AMZN opened at $225.94 on Tuesday, with a market cap of $2.38 trillion. The company’s financial health appears strong, with a current ratio of 1.09 and a debt-to-equity ratio of 0.21. However, investors should conduct their own thorough research before making any investment decisions.