Apollon Wealth Management LLC Has $62.74 Million Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Apollon Wealth Management LLC raised its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 1.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 336,720 shares of the e-commerce giant’s stock after buying 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 biggest position. Apollon Wealth Management LLC’s holdings in Amazon.com were worth $62,741,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in AMZN. PayPay Securities Corp increased its position in Amazon.com by 64.6% during the 2nd quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant’s stock valued at $32,000 after purchasing an additional 64 shares during the period. Hoese & Co LLP bought a new stake in shares of Amazon.com in the 3rd quarter valued at $37,000. Bull Oak Capital LLC bought a new stake in shares of Amazon.com in the 3rd quarter valued at $45,000. Christopher J. Hasenberg Inc increased its position in shares of Amazon.com by 650.0% during the second quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant’s stock worth $58,000 after buying an additional 260 shares during the period. Finally, Values First Advisors Inc. acquired a new position in Amazon.com in the third quarter valued at $56,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Amazon.com Stock Performance

NASDAQ:AMZN opened at $224.92 on Friday. The company has a market capitalization of $2.37 trillion, a P/E ratio of 48.16, a P/E/G ratio of 1.54 and a beta of 1.16. The business has a fifty day simple moving average of $205.83 and a two-hundred day simple moving average of $191.38. 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 1 year low of $144.05 and a 1 year high of $233.00.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.14 by $0.29. The company had revenue of $158.88 billion during the quarter, compared to analyst estimates of $157.28 billion. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The firm’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.85 EPS. On average, analysts expect that Amazon.com, Inc. will post 5.29 earnings per share for the current year.

Insider Activity

In related news, Director Daniel P. Huttenlocher sold 1,237 shares of the business’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $199.06, for a total transaction of $246,237.22. Following the sale, the director now directly owns 24,912 shares in the company, valued at approximately $4,958,982.72. The trade was a 4.73 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Matthew S. Garman sold 15,260 shares of the firm’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $200.19, for a total value of $3,054,899.40. Following the completion of the transaction, the chief executive officer now owns 349,261 shares of the company’s stock, valued at approximately $69,918,559.59. This represents a 4.19 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 6,034,534 shares of company stock valued at $1,253,883,872 over the last quarter. Company insiders own 10.80% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on AMZN shares. Wedbush increased their price target on Amazon.com from $225.00 to $250.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Susquehanna lifted their target price on Amazon.com from $220.00 to $230.00 and gave the stock a “positive” rating in a report on Friday, November 1st. Morgan Stanley increased their price target on Amazon.com from $210.00 to $230.00 and gave the stock an “overweight” rating in a report on Monday, November 4th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Amazon.com from $225.00 to $232.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Finally, Monness Crespi & Hardt increased their target price on shares of Amazon.com from $225.00 to $245.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Two analysts have rated the stock with a hold rating, forty-one have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Amazon.com presently has an average rating of “Moderate Buy” and an average target price of $243.00.

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.