Apollon Wealth Management LLC grew its position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 1.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 336,720 shares of the e-commerce giant's stock after acquiring an additional 5,942 shares during the period. Amazon.com comprises about 1.8% of Apollon Wealth Management LLC's portfolio, making the stock its 7th largest holding. Apollon Wealth Management LLC's holdings in Amazon.com were worth $62,741,000 at the end of the most recent reporting period.
Other institutional investors have also made changes to their positions in the company. Foundations Investment Advisors LLC increased its position in Amazon.com by 9.7% during the third quarter. Foundations Investment Advisors LLC now owns 184,594 shares of the e-commerce giant's stock worth $34,395,000 after acquiring an additional 16,392 shares during the period. Umpqua Bank lifted its stake in shares of Amazon.com by 0.4% in the 3rd quarter. Umpqua Bank now owns 35,120 shares of the e-commerce giant's stock valued at $6,544,000 after acquiring an additional 137 shares during the last quarter. BayBridge Capital Group LLC boosted its position in Amazon.com by 51.8% during the 3rd quarter. BayBridge Capital Group LLC now owns 14,368 shares of the e-commerce giant's stock worth $2,677,000 after buying an additional 4,905 shares during the period. Zhang Financial LLC grew its stake in shares of Amazon.com by 12.9% in the third quarter. Zhang Financial LLC now owns 51,091 shares of the e-commerce giant's stock worth $9,520,000 after purchasing an additional 5,828 shares during the last quarter. Finally, Washington Trust Advisors Inc. increased its position in Amazon.com by 0.4% during the 3rd quarter. Washington Trust Advisors Inc. now owns 225,254 shares of the e-commerce giant's stock valued at $41,972,000 after purchasing an additional 982 shares during the period. 72.20% of the stock is owned by institutional investors and hedge funds.
Insider Transactions at Amazon.com
In other Amazon.com news, SVP David Zapolsky sold 2,190 shares of the firm's stock in a transaction that occurred on Tuesday, September 24th. The shares were sold at an average price of $195.00, for a total transaction of $427,050.00. Following the completion of the transaction, the senior vice president now owns 62,420 shares of the company's stock, valued at approximately $12,171,900. This trade represents a 3.39 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jonathan Rubinstein sold 4,351 shares of Amazon.com stock in a transaction on Monday, December 9th. The shares were sold at an average price of $229.85, for a total value of $1,000,077.35. Following the transaction, the director now owns 88,203 shares of the company's stock, valued at $20,273,459.55. The trade was a 4.70 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 6,034,534 shares of company stock valued at $1,253,883,872. Company insiders own 10.80% of the company's stock.
Wall Street Analyst Weigh In
Several analysts have recently weighed in on the stock. Evercore ISI lifted their price objective on shares of Amazon.com from $240.00 to $260.00 and gave the company an "outperform" rating in a research note on Friday, November 1st. UBS Group upped their price target on Amazon.com from $230.00 to $264.00 and gave the stock a "buy" rating in a report on Monday, December 16th. Roth Mkm increased their price objective on shares of Amazon.com from $220.00 to $250.00 and gave the company a "buy" rating in a research note on Monday, December 9th. Truist Financial raised their target price on Amazon.com from $265.00 to $270.00 and gave the company a "buy" rating in a research report on Friday, November 1st. Finally, Scotiabank increased their price objective on Amazon.com from $245.00 to $246.00 and gave the company a "sector outperform" rating in a report on Friday, November 1st. Two equities research analysts have rated the stock with a hold rating, forty-one have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $243.00.
Check Out Our Latest Analysis on Amazon.com
Amazon.com Trading Up 0.7 %
Amazon.com stock traded up $1.63 during trading hours on Friday, reaching $224.92. The company had a trading volume of 87,060,734 shares, compared to its average volume of 41,415,395. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.87. Amazon.com, Inc. has a 12-month low of $144.05 and a 12-month high of $233.00. The company has a 50-day moving average price of $205.83 and a 200 day moving average price of $191.38. The firm has a market cap of $2.37 trillion, a price-to-earnings ratio of 48.16, a P/E/G ratio of 1.54 and a beta of 1.16.
Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, beating analysts' consensus estimates of $1.14 by $0.29. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The business had revenue of $158.88 billion during the quarter, compared to analyst estimates of $157.28 billion. During the same quarter in the prior year, the company posted $0.85 EPS. Amazon.com's quarterly revenue was up 11.0% compared to the same quarter last year. Equities analysts forecast that Amazon.com, Inc. will post 5.29 earnings per share for the current year.
About Amazon.com
(
Free Report)
Amazon.com, Inc engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Echo, Ring, Blink, and eero; and develops and produces media content.
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