Fisher Asset Management LLC Increases Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Are you interested in investing in Amazon.com, Inc. (NASDAQ:AMZN)? Well, you’re not alone. Fisher Asset Management LLC recently raised its stake in the e-commerce giant, making it their 3rd largest holding. With over 42 million shares worth billions of dollars, it’s clear that Fisher Asset Management sees potential in Amazon’s future.

But they’re not the only ones. Other hedge funds and institutional investors have also been increasing their holdings in Amazon.com. From PayPay Securities Corp to E Fund Management Hong Kong Co. Ltd., it seems like everyone wants a piece of the Amazon pie.

And let’s not forget about the insider transactions happening at Amazon.com. CEO Andrew R. Jassy recently sold a significant number of shares, totaling millions of dollars. With insiders selling over $21 million worth of stock in the last quarter, it’s clear that there’s a lot of activity happening behind the scenes.

Despite all this, Amazon.com’s stock has been trading down slightly. But with a market capitalization of nearly $2 trillion and a strong financial performance in their latest earnings report, it’s clear that Amazon.com is still a powerhouse in the e-commerce industry.

Analysts have been quick to upgrade their ratings on Amazon.com, with many giving the stock a “buy” or “outperform” rating. With an average target price of over $200, it seems like analysts are bullish on Amazon’s future prospects.

So, if you’re looking to invest in a company with a strong track record, innovative products, and a growing market share, Amazon.com might just be the stock for you. Keep an eye on this e-commerce giant as it continues to dominate the industry and drive growth for investors.