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

Apollon Financial LLC boosted its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 4.7% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 72,386 shares of the e-commerce giant's stock after buying an additional 3,278 shares during the period. Amazon.com makes up approximately 3.2% of Apollon Financial LLC's portfolio, making the stock its 4th biggest position. Apollon Financial LLC's holdings in Amazon.com were worth $13,772,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of AMZN. Norges Bank purchased a new stake in Amazon.com in the 4th quarter valued at about $27,266,582,000. GAMMA Investing LLC raised its holdings in Amazon.com by 21,420.5% in the 1st quarter. GAMMA Investing LLC now owns 30,245,061 shares of the e-commerce giant's stock valued at $5,754,425,000 after buying an additional 30,104,520 shares during the period. Capital World Investors increased its stake in Amazon.com by 36.8% during the fourth quarter. Capital World Investors now owns 65,709,496 shares of the e-commerce giant's stock worth $14,416,078,000 after purchasing an additional 17,681,004 shares during the period. Vanguard Group Inc. increased its stake in Amazon.com by 2.2% during the fourth quarter. Vanguard Group Inc. now owns 823,360,597 shares of the e-commerce giant's stock worth $180,637,081,000 after purchasing an additional 17,635,391 shares during the period. Finally, Capital International Investors increased its stake in Amazon.com by 26.5% during the fourth quarter. Capital International Investors now owns 57,268,523 shares of the e-commerce giant's stock worth $12,564,961,000 after purchasing an additional 12,000,745 shares during the period. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, insider Jeffrey P. Bezos sold 4,273,237 shares of Amazon.com stock in a transaction that occurred on Friday, July 11th. The stock was sold at an average price of $224.81, for a total transaction of $960,666,409.97. Following the sale, the insider owned 897,722,088 shares of the company's stock, valued at approximately $201,816,902,603.28. The trade was a 0.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In the last ninety days, insiders sold 25,096,253 shares of company stock worth $5,673,745,409. 9.70% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of analysts have issued reports on AMZN shares. Raymond James Financial reiterated an "outperform" rating and set a $195.00 price target (down from $275.00) on shares of Amazon.com in a research note on Monday, April 21st. Wedbush boosted their price target on shares of Amazon.com from $235.00 to $250.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 30th. Citizens Jmp started coverage on shares of Amazon.com in a research note on Thursday, July 10th. They set a "strong-buy" rating on the stock. Cantor Fitzgerald boosted their price target on shares of Amazon.com from $260.00 to $280.00 and gave the stock an "overweight" rating in a research note on Friday, August 1st. Finally, Pivotal Research upped their target price on shares of Amazon.com from $260.00 to $285.00 and gave the stock a "buy" rating in a research note on Friday, August 1st. One equities research analyst has rated the stock with a hold rating, forty-seven have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, Amazon.com presently has an average rating of "Buy" and an average target price of $262.87.

Amazon.com Stock Up 3.1%

Shares of AMZN traded up $6.93 during trading on Thursday, reaching $231.49. The company's stock had a trading volume of 47,711,633 shares, compared to its average volume of 44,886,172. The company has a fifty day moving average of $220.60 and a two-hundred day moving average of $208.72. Amazon.com, Inc. has a twelve month low of $161.38 and a twelve month high of $242.52. The company has a market cap of $2.47 trillion, a price-to-earnings ratio of 35.27, a P/E/G ratio of 1.49 and a beta of 1.31. The company has a quick ratio of 0.81, a current ratio of 1.02 and a debt-to-equity ratio of 0.15.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.31 by $0.37. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%. The company had revenue of $167.70 billion for the quarter, compared to analyst estimates of $161.80 billion. During the same period in the prior year, the company posted $1.26 EPS. Amazon.com's quarterly revenue was up 13.3% on a year-over-year basis. On average, sell-side analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

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.