Bezos Sells Billions in Amazon Shares on Wedding

Amazon.com, Inc. (AMZN) is experiencing a challenging trading session, with its stock price declining by 0.43% to $222.34 due to significant selling pressure and high-volume trading, breaking below the previous day's closing price and indicating bearish market momentum.

Shares of Amazon.com Inc. (NASDAQ:AMZN) gained 6.43% over the past five trading sessions, bringing the e-commerce and cloud storage solutions stock's...

Amazon's stock exhibits bullish signs as it crosses key moving averages, indicating potential upward momentum. Despite insider selling, technical indicators suggest increased buying pressure, with puts open interest declining, signaling reduced bearish sentiment and growing optimism among traders.

Jeff Bezos, founder and executive chair of Amazon · AMZN. +2.85% .com, was planning to do more than exchange vows on his wedding day, June 27.

Signature Resources Capital Management LLC reduced its Amazon.com stake by 18% in Q1, while Amazon's earnings beat expectations with $1.59 EPS on $155.67 billion revenue. Analysts maintain a consensus "Moderate Buy" rating with a target price of $245.81.

CCM Investment Advisers LLC reduced its Amazon shares by 5.7% in the first quarter, with holdings valued at $26,647,000. Analysts maintain a moderate buy rating with an average price target of $245.81. Amazon's quarterly earnings surpassed expectations.

Griffin Asset Management Inc. slightly increased its investment in Amazon, holding 70,627 shares worth $13,437,000. Institutional investors own 72.20% of Amazon, while insiders sold 102,037 shares worth $20,531,075 recently. Analysts rate Amazon as "Moderate Buy" with a $245.81 target price.

Argus Investors Counsel Inc. reduced its stake in Amazon by 7.8% in the first quarter, retaining 16,705 shares valued at $3,178,000. Despite the sale, Amazon remains the firm's 9th largest position. Institutional investors hold 72.20% of AMZN stock.

West Branch Capital LLC increased its stake in Amazon.com by 2.5% in Q1, owning 87,208 shares worth $16,592,000. Institutional investors and hedge funds hold 72.20% of Amazon stock, which has a "Moderate Buy" consensus rating with a $245.81 price target.

Jackson Square Capital LLC reduced its holdings in Amazon.com, Inc. by 33.6% in the first quarter, selling 33,125 shares. Amazon's recent quarterly earnings surpassed expectations with $1.59 EPS, and analysts maintain a "Moderate Buy" rating for AMZN.

Goldstone Financial Group LLC increased its Amazon holdings by 11.8% in Q1, owning 16,235 shares worth $3,089,000. Various hedge funds and institutional investors adjusted their stakes, while insiders sold significant shares. Analysts continue to issue "buy" ratings with varying price targets.

Amazon's advertising segment, now its fourth-largest business unit, grew 18% in Q1, driven by valuable consumer data, boosting profit margins. AWS accounted for 63% of operating profit despite being 19% of revenue, with Redburn analysts optimistic about its rebound.

Amazon.com reported quarterly earnings surpassing analysts' expectations with an EPS of $1.59 and revenue of $155.67 billion, reflecting an 8.6% year-over-year increase. Institutional investors and hedge funds own 72.20% of the company's stock, highlighting significant market confidence.

Kelly Financial Group LLC increased its stake in Amazon.com by 30.4% in the first quarter, owning 6,572 shares valued at $1,251,000. Amazon.com reported $155.67 billion in revenue for the quarter, exceeding estimates, with earnings per share of $1.59.

Campbell Newman Asset Management Inc. reduced its stake in Amazon.com by 4.7% in the first quarter, holding 82,612 shares worth $15,718,000. Institutional investors and hedge funds own 72.20% of Amazon's stock, while insider transactions involved sales worth $20,531,075 recently.

Institutional investor New England Research & Management Inc. increased its Amazon.com (AMZN) holdings by 13.5% in the first quarter, owning 22,763 shares valued at $4,331,000. Analysts largely rate Amazon shares as a "Moderate Buy" with a target price of $245.81.

Ipswich Investment Management Co. Inc. increased its Amazon stake by 0.1% in Q1 2023, owning 49,029 shares worth $9,328,000. Analysts issued buy ratings, with a consensus "Moderate Buy" and average price target of $245.81, amid recent price adjustments.

Cypress Point Wealth Management LLC reduced its Amazon.com holdings by 8.3% in Q1 2023, owning 1,299 shares valued at $247,000. Institutional investors hold 72.20% of Amazon shares, with insiders owning 10.80%. Analysts have a "Moderate Buy" rating with a $245.81 target price.

Amazon.com's stock is performing well with a market cap of $2.37 trillion and analysts rating it as a "Moderate Buy," averaging a target price of $245.81. The e-commerce giant reported better-than-expected earnings for the recent quarter.

Hickory Asset Management Inc. reduced its Amazon holdings by 3.8% in Q1, owning 7,675 shares worth $1,460,000, now its 22nd largest holding. Meanwhile, other institutional investors adjusted their stakes, and Amazon shares gained 2.8% to $223.30.

Stock Yards Bank & Trust Co. slightly reduced their Amazon holdings by 0.9% in Q1, selling 3,353 shares, now holding 380,148 shares valued at $72,327,000. Insider trades included CEO Douglas J. Herrington selling 2,500 shares. Amazon’s consensus price target is $245.81.

Institutional investors significantly adjusted their stakes in Amazon.com, with new acquisitions and increased holdings noted. Analysts maintain a mixed but mostly positive outlook, while Amazon's strong quarterly earnings exceeded expectations. Insider transactions revealed notable stock sales by top executives.

Institutional investors are adjusting their positions in Amazon.com, with Elevation Point Wealth Partners reducing its stake by 2.4% in the first quarter. Various hedge funds have also increased or adjusted their holdings, reflecting active interest in AMZN stock.

Institutional investors increased positions in Amazon.com, with a 22.7% rise by Matauro LLC in Q1. Analysts mostly rate AMZN a buy, despite target price cuts. Insider selling included CEO Herrington's shares, enhancing market liquidity. Stock performance remained strong, reflecting robust earnings.

Amazon.com, Inc. shares increased significantly in institutional holdings, with BigSur Wealth Management LLC slightly increasing its stake and other major investors like GAMMA Investing LLC and Vanguard Group Inc. also expanding their positions, reflecting a strong market interest in AMZN.

Opinicus Capital Inc. increased its stake in Amazon.com by 2.5% in the first quarter, owning 18,082 shares valued at $3,440,000. Various institutional investors also adjusted their positions, and analysts predict Amazon.com will post 6.31 earnings per share this year.

Howard Capital Management Group LLC reduced its position in Amazon.com by 1.1% during Q1, owning 352,437 shares valued at $67,055,000, while various institutional investors altered their stakes. Insider transactions and analyst ratings indicate overall positive sentiment towards AMZN.

CVA Family Office LLC increased its holdings in Amazon.com by 3.2% during the first quarter, owning 25,587 shares worth $4,868,000. Analyst reports have set varied price targets for AMZN, with a consensus rating of “Moderate Buy” and a target average of $245.81.

Institutional investor New Century Financial Group LLC drastically reduced its Amazon holdings by 81.1% in the first quarter. Concurrently, other investors like GAMMA Investing LLC and Norges Bank increased their positions significantly, reflecting varied institutional investment strategies in Amazon.com.

Tritonpoint Wealth LLC increased its Amazon.com holdings by 1.9% in Q1, owning 179,752 shares valued at $34,200,000. Analysts maintain a moderate buy rating with a consensus price target of $245.81. Insiders sold 102,037 AMZN shares recently.

Amazon.com (AMZN) traded at $223.30, with 119,087,933 shares exchanged against its average volume of 42,161,413. Its market capitalization is $2.37 trillion, and the stock has a 12-month range between $151.61 and $242.52.