Apollon Wealth Management LLC Grows Stock Position in Amazon.com, Inc. $AMZN

Apollon Wealth Management LLC grew its position in Amazon.com, Inc. (NASDAQ:AMZN) by 0.6% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 463,740 shares of the e-commerce giant’s stock after acquiring an additional 2,966 shares during the quarter. Amazon.com accounts for 2.0% of Apollon Wealth Management LLC’s portfolio, making the stock its 6th biggest holding. Apollon Wealth Management LLC’s holdings in Amazon.com were worth $101,740,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Carderock Capital Management Inc. bought a new position in shares of Amazon.com during the 2nd quarter valued at approximately $27,000. Cooksen Wealth LLC bought a new position in shares of Amazon.com during the 1st quarter valued at approximately $36,000. Inlight Wealth Management LLC bought a new position in shares of Amazon.com during the 1st quarter valued at approximately $40,000. Maryland Capital Advisors Inc. increased its position in shares of Amazon.com by 81.9% during the 2nd quarter. Maryland Capital Advisors Inc. now owns 211 shares of the e-commerce giant’s stock valued at $46,000 after purchasing an additional 95 shares during the last quarter. Finally, Capitol Family Office Inc. bought a new position in shares of Amazon.com during the 1st quarter valued at approximately $42,000. Institutional investors own 72.20% of the company’s stock.

Amazon.com Price Performance

Shares of AMZN stock opened at $244.22 on Friday. Amazon.com, Inc. has a twelve month low of $161.38 and a twelve month high of $250.50. The stock has a market capitalization of $2.60 trillion, a price-to-earnings ratio of 37.23, a P/E/G ratio of 1.52 and a beta of 1.28. The stock has a fifty day simple moving average of $225.49 and a two-hundred day simple moving average of $216.08. The company has a current ratio of 1.02, a quick ratio of 0.81 and a debt-to-equity ratio of 0.15.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, October 30th. The e-commerce giant reported $1.95 earnings per share for the quarter, topping the consensus estimate of $1.57 by $0.38. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%.The business had revenue of $180.17 billion during the quarter, compared to analysts’ expectations of $177.53 billion. During the same period in the prior year, the business earned $1.43 EPS. The business’s revenue for the quarter was up 13.4% compared to the same quarter last year. Amazon.com has set its Q4 2025 guidance at EPS. On average, analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Analyst Ratings Changes

AMZN has been the topic of several analyst reports. Cantor Fitzgerald boosted their target price on Amazon.com from $280.00 to $315.00 and gave the company an “overweight” rating in a research report on Friday. Jefferies Financial Group reaffirmed a “buy” rating on shares of Amazon.com in a research report on Monday, October 20th. Maxim Group upped their price objective on Amazon.com from $272.00 to $280.00 and gave the company a “buy” rating in a research report on Friday. DA Davidson upped their price objective on Amazon.com from $265.00 to $300.00 and gave the company a “buy” rating in a research report on Friday. Finally, UBS Group set a $310.00 price objective on Amazon.com in a research report on Friday. Three investment analysts have rated the stock with a Strong Buy rating, forty-nine have assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $289.88.

Insiders Place Their Bets

In other Amazon.com news, CEO Douglas J. Herrington sold 2,500 shares of the company’s stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $217.10, for a total value of $542,750.00. Following the completion of the sale, the chief executive officer directly owned 515,507 shares in the company, valued at approximately $111,916,569.70. This represents a 0.48% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Shelley Reynolds sold 2,715 shares of the company’s stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $221.64, for a total value of $601,752.60. Following the completion of the sale, the vice president owned 119,780 shares of the company’s stock, valued at $26,548,039.20. This represents a 2.22% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 95,411 shares of company stock worth $21,222,702. 9.70% of the stock is owned by company 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.