Apollon Wealth Management LLC Increases Position in Amazon.com, Inc. (NASDAQ:AMZN)

Apollon Wealth Management LLC lifted its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 1.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 330,778 shares of the e-commerce giant's stock after purchasing an additional 4,579 shares during the period. Amazon.com accounts for about 1.9% of Apollon Wealth Management LLC's investment portfolio, making the stock its 6th biggest holding. Apollon Wealth Management LLC's holdings in Amazon.com were worth $63,923,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Cooksen Wealth LLC bought a new stake in shares of Amazon.com during the 4th quarter worth $30,000. Clarity Asset Management Inc. acquired a new stake in shares of Amazon.com in the fourth quarter valued at about $46,000. Steph & Co. acquired a new stake in shares of Amazon.com in the first quarter valued at about $65,000. Advantage Trust Co bought a new position in shares of Amazon.com in the fourth quarter worth about $68,000. Finally, Koesten Hirschmann & Crabtree INC. acquired a new position in shares of Amazon.com during the 1st quarter worth about $69,000. 72.20% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have commented on AMZN shares. Cantor Fitzgerald assumed coverage on Amazon.com in a research report on Thursday. They issued an "overweight" rating and a $230.00 price target on the stock. Itau BBA Securities lowered shares of Amazon.com from an "outperform" rating to a "market perform" rating and set a $186.00 target price on the stock. in a research report on Friday, August 2nd. Piper Sandler reduced their price target on shares of Amazon.com from $220.00 to $215.00 and set an "overweight" rating for the company in a report on Friday, August 2nd. BMO Capital Markets boosted their price objective on shares of Amazon.com from $220.00 to $230.00 and gave the stock an "outperform" rating in a report on Thursday, July 25th. Finally, Benchmark reiterated a "buy" rating and issued a $200.00 target price on shares of Amazon.com in a research note on Friday, August 2nd. One analyst has rated the stock with a hold rating, forty have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Buy" and an average price target of $222.49.

Amazon.com Trading Down 3.7 %

AMZN stock traded down $6.50 during trading on Friday, hitting $171.39. The company had a trading volume of 41,140,309 shares, compared to its average volume of 42,515,004. The firm has a 50-day moving average price of $181.10 and a 200-day moving average price of $181.19. Amazon.com, Inc. has a 12 month low of $118.35 and a 12 month high of $201.20. The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 0.23. The stock has a market cap of $1.78 trillion, a price-to-earnings ratio of 48.01, a PEG ratio of 1.34 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 EPS for the quarter, beating the consensus estimate of $1.05 by $0.18. Amazon.com had a return on equity of 21.39% and a net margin of 7.35%. The company had revenue of $147.98 billion during the quarter, compared to analysts' expectations of $148.63 billion. As a group, analysts predict that Amazon.com, Inc. will post 4.86 earnings per share for the current year.

Insiders Place Their Bets

In other news, CEO Douglas J. Herrington sold 3,500 shares of the firm's stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $195.99, for a total value of $685,965.00. Following the transaction, the chief executive officer now owns 519,753 shares of the company's stock, valued at approximately $101,866,390.47. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Douglas J. Herrington sold 3,500 shares of the stock in a transaction on Monday, July 1st. The stock was sold at an average price of $195.99, for a total value of $685,965.00. Following the transaction, the chief executive officer now owns 519,753 shares of the company's stock, valued at approximately $101,866,390.47. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Andrew R. Jassy sold 20,784 shares of the firm's stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $180.77, for a total value of $3,757,123.68. Following the completion of the transaction, the chief executive officer now owns 2,056,534 shares in the company, valued at $371,759,651.18. The disclosure for this sale can be found here. In the last three months, insiders sold 6,104,317 shares of company stock valued at $1,220,621,322. 10.80% of the stock is currently owned by insiders.

Amazon.com Profile

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.