Amazon Stock Boosted by Institutional Adjustments, Price Target Increases

Amazon.com, Inc. (NASDAQ: AMZN) is attracting significant attention from investors as hedge funds adjust their holdings and analysts raise price targets, reflecting strong confidence in the company's growth potential. The stock has shown momentum, recently trading at $212.32 per share, and 72.2% of its shares are now owned by institutional investors. Notable movements among hedge funds include Tectonic Advisors LLC reducing its stake by 15.6%, while Foundations Investment Advisors LLC increased its holdings by 9.7%. Analysts have raised price targets, with Mizuho increasing its forecast from $240 to $260, and Amazon's recent earnings report showed EPS of $1.86, exceeding estimates. Despite some insider sales, including significant transactions by CEO Douglas J. Herrington, the overall sentiment towards Amazon remains bullish, with expectations of continued profitability. The company is well-positioned in both e-commerce and cloud computing, further bolstering its long-term outlook.