Amazon.com, Inc. (NASDAQ:AMZN) Shares Bought by Apollon Financial LLC

Apollon Financial LLC increased its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 0.6% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 67,527 shares of the e-commerce giant’s stock after purchasing an additional 414 shares during the quarter. Amazon.com accounts for 3.7% of Apollon Financial LLC’s investment portfolio, making the stock its 6th largest position. Apollon Financial LLC’s holdings in Amazon.com were worth $12,582,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of AMZN. Alterna Wealth Management Inc. boosted its holdings in shares of Amazon.com by 38.3% during the second quarter. Alterna Wealth Management Inc. now owns 11,686 shares of the e-commerce giant’s stock worth $2,258,000 after purchasing an additional 3,238 shares during the last quarter. Cardinal Point Capital Management ULC lifted its position in Amazon.com by 25.9% during the second quarter. Cardinal Point Capital Management ULC now owns 3,401 shares of the e-commerce giant’s stock valued at $657,000 after buying an additional 699 shares in the last quarter. Compton Wealth Advisory Group LLC increased its holdings in Amazon.com by 3.9% in the 2nd quarter. Compton Wealth Advisory Group LLC now owns 30,881 shares of the e-commerce giant’s stock valued at $5,968,000 after purchasing an additional 1,161 shares in the last quarter. Diversify Advisory Services LLC lifted its position in Amazon.com by 49.6% during the 2nd quarter. Diversify Advisory Services LLC now owns 298,770 shares of the e-commerce giant’s stock worth $59,557,000 after acquiring an additional 99,084 shares in the last quarter. Finally, FSM Wealth Advisors LLC boosted its position in Amazon.com by 1.5% in the 2nd quarter. FSM Wealth Advisors LLC now owns 12,945 shares of the e-commerce giant’s stock valued at $2,502,000 after buying an additional 190 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Amazon.com Price Performance

Shares of Amazon.com stock opened at $224.92 on Monday. The stock has a market capitalization of $2.37 trillion, a P/E ratio of 48.16, a price-to-earnings-growth ratio of 1.54 and a beta of 1.16. Amazon.com, Inc. has a one year low of $144.05 and a one year high of $233.00. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.87. The business’s 50 day simple moving average is $205.83 and its two-hundred day simple moving average is $191.38.

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

Insider Activity at Amazon.com

In related 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 value of $427,050.00. Following 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 transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Jonathan Rubinstein sold 5,004 shares of Amazon.com stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $199.85, for a total value of $1,000,049.40. Following the transaction, the director now directly owns 99,396 shares in the company, valued at approximately $19,864,290.60. The trade was a 4.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 6,034,534 shares of company stock valued at $1,253,883,872. 10.80% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have weighed in on AMZN shares. Needham & Company LLC reissued a “buy” rating and set a $250.00 price objective on shares of Amazon.com in a report on Tuesday, December 10th. Maxim Group increased their price objective on Amazon.com from $251.00 to $260.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Evercore ISI boosted their target price on Amazon.com from $240.00 to $260.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Royal Bank of Canada raised their target price on Amazon.com from $215.00 to $225.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Finally, Moffett Nathanson increased their target price on shares of Amazon.com from $235.00 to $248.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Two research analysts have rated the stock with a hold rating, forty-one have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $243.00.

About Amazon.com

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.