Cornerstone Wealth Management LLC Reduces Position in Amazon.com, Inc. (NASDAQ:AMZN) – Insider Transactions and Analyst Upgrades

Are you interested in learning more about the recent activities surrounding Amazon.com, Inc. (NASDAQ:AMZN)? Cornerstone Wealth Management LLC recently made a strategic move by cutting its position in Amazon.com by 2.4% in the 1st quarter. This decision resulted in the fund owning 79,589 shares of the e-commerce giant’s stock, making it their 16th biggest position.

But that’s not all – other institutional investors and hedge funds have also been active in the market. Cooksen Wealth LLC acquired a new stake in Amazon.com, while E Fund Management Hong Kong Co. Ltd. and Strid Group LLC increased their holdings. Harbor Investment Advisory LLC and Clarity Asset Management Inc. also made significant moves in the market.

In terms of insider transactions, Jeffrey P. Bezos, the founder and CEO of Amazon.com, sold a substantial amount of shares in recent weeks. These transactions have caught the attention of investors and analysts alike.

Despite these activities, Amazon.com’s stock has been trading down slightly. However, analysts remain optimistic about the company’s future, with several brokerages reiterating their buy ratings and raising their target prices.

If you want to delve deeper into the world of Amazon.com and stay updated on the latest news and analyst ratings, make sure to visit HoldingsChannel.com for the most recent 13F filings and insider trades.

Amazon.com, Inc. is a powerhouse in the retail industry, with a strong presence in North America and internationally. The company’s diverse range of products and services, including electronic devices and media content, have solidified its position in the market.

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