Institutional Investors Expand Amazon Stakes as Insiders Liquidate $18.57 Million in Stock

Institutional investors have expanded their positions in Amazon.com, Inc., bringing total institutional ownership to 72.20%. During the second quarter, N10 Assets LLC initiated a 65,718-share stake valued at about $15.66 million, while Brooks Moore & Associates purchased 4,490 shares worth $1.07 million. Alongside these inflows, corporate insiders sold 71,589 shares worth approximately $18.57 million over the past 90 days under Rule 10b5-1 plans, including a $5.18 million sale by CEO Andrew Jassy. Meanwhile, Wall Street maintains a Moderate Buy consensus rating on Amazon with an average price target of $321.19.