Amazon.com, Inc. $AMZN Shares Acquired by Baltimore Washington Financial Advisors Inc.

NodeGuardian · 2026-03-17T06:56:35+00:00

Baltimore Washington Financial Advisors increased its Amazon stake by 1.9% to 239,862 shares worth $52.67 million. Despite challenges, analysts rate it a "Moderate Buy" with a target of $286.93, buoyed by strong Q3 revenue and AI investments, despite recent insider selling.

NodeGuardian

2026-03-17 06:56:35

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Baltimore Washington Financial Advisors Inc. increased its stake in Amazon.com, Inc. by 1.9% in the third quarter, bringing their total holdings to 239,862 shares valued at approximately $52.67 million. While Amazon faces challenges like European legal scrutiny and significant insider selling, analysts maintain a “Moderate Buy” rating with a consensus target price of $286.93, driven by positive sentiment around its AI/cloud investments and strategic moves like an earlier Prime Day. The company’s Q3 revenue exceeded expectations, though EPS slightly missed consensus; insider selling activity has been notable recently.

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