Amazon.com, Inc. $AMZN Stake Increased by Global X Japan Co. Ltd.

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Global X Japan Co. Ltd. increased its stake in Amazon.com, Inc. by 27.6% in the fourth quarter, bringing its total holdings to 223,967 shares worth approximately $51.7 million, making Amazon its eighth-largest holding. Despite this institutional increase, company insiders like CEO Andy Jassy and SVP David Zapolsky have been net sellers, disposing of over 71,000 shares in the last quarter. Amazon currently trades near $210 with a “Moderate Buy” consensus rating and a target price of $286.59 from analysts.

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