Amazon.com, Inc. $AMZN Shares Bought by Western Wealth Management LLC

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Western Wealth Management LLC increased its stake in Amazon.com, Inc. during the third quarter, purchasing an additional 4,058 shares, bringing their total to 147,457 shares valued at $32.38 million. Other institutional investors and hedge funds also adjusted their positions in Amazon, with 72.20% of the stock owned by institutional investors. Wall Street analysts maintain a “Moderate Buy” consensus rating for AMZN with an average target price of $287.29, despite recent insider selling and concerns about high AI capital expenditures.

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