Public Event Detail
Wealthspire Advisors LLC Has $58.72 Million Stock Position in Amazon.com, Inc. $AMZN
Public historical observation from the Merrowstone archive. This page shows event-level context only. Accepted assertions, evidence lineage, and relationship intelligence remain part of the premium research layer.
Event summary
Wealthspire Advisors LLC significantly increased its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 47.4% in the fourth quarter, bringing its total holding to 254,380 shares valued at approximately $58.7 million. This move is part of a broader trend of institutional investors and hedge funds holding about 72.2% of Amazon's stock, despite insider selling and investor concerns over AI spending. Wall Street analysts largely maintain a "Moderate Buy" rating for Amazon, with an average target price of $312.78, indicating continued bullish sentiment.