Apollon Wealth Management LLC Raises Stock Holdings in Amazon.com, Inc. $AMZN

Key Points

• Apollon Wealth Management increased its Amazon stake by 26.3% in the second quarter, buying 142,793 additional shares for a total of 684,960 shares valued at approximately $163.3 million.
• Institutional investors own 72.2% of Amazon’s stock, while insiders sold 70,589 shares worth about $18.3 million over the past three months, including sales by CEO Matthew Garman and VP Shelley Reynolds.
• Amazon reported strong quarterly results, with revenue rising 19.6% year over year to $200.6 billion and EPS substantially exceeding estimates. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $323.09.

Apollon Wealth Management LLC boosted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 26.3% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 684,960 shares of the e-commerce giant's stock after buying an additional 142,793 shares during the quarter. Amazon.com makes up about 2.0% of Apollon Wealth Management LLC's holdings, making the stock its 11th biggest holding. Apollon Wealth Management LLC's holdings in Amazon.com were worth $163,253,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Trust Asset Management LLC grew its stake in shares of Amazon.com by 3.3% in the second quarter. Trust Asset Management LLC now owns 107,563 shares of the e-commerce giant's stock worth $26,000 after purchasing an additional 3,414 shares during the last quarter. MilWealth Group LLC raised its position in Amazon.com by 79.0% during the 4th quarter. MilWealth Group LLC now owns 179 shares of the e-commerce giant's stock valued at $41,000 after purchasing an additional 79 shares during the last quarter. Lifetime Wealth Management P.C. purchased a new stake in Amazon.com in the 4th quarter worth approximately $45,000. Elkhorn Partners Limited Partnership lifted its holdings in Amazon.com by 900.0% in the 4th quarter. Elkhorn Partners Limited Partnership now owns 200 shares of the e-commerce giant's stock worth $46,000 after buying an additional 180 shares during the period. Finally, Fairway Wealth LLC grew its position in shares of Amazon.com by 95.6% in the 4th quarter. Fairway Wealth LLC now owns 221 shares of the e-commerce giant's stock worth $51,000 after buying an additional 108 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company's stock.

Insider Activity at Amazon.com

In other Amazon.com news, CEO Matthew S. Garman sold 14,541 shares of the business's stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $259.06, for a total value of $3,766,991.46. Following the completion of the transaction, the chief executive officer owned 17,794 shares of the company's stock, valued at approximately $4,609,713.64. The trade was a 44.97% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Shelley Reynolds sold 2,343 shares of the company's stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $259.01, for a total transaction of $606,860.43. Following the transaction, the vice president owned 119,780 shares in the company, valued at $31,024,217.80. This represents a 1.92% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 70,589 shares of company stock valued at $18,314,015 over the last three months. 8.90% of the stock is owned by insiders.

Trending Headlines about Amazon.com

Here are the key news stories impacting Amazon.com this week:

• Positive Sentiment: AWS and AI expansion remain key catalysts. Amazon’s planned $5.3 billion investment in a Saudi Arabia cloud region, expanded access to OpenAI, Meta, and Anthropic models through AWS GovCloud, and a deeper partnership with Nvidia—including two million additional GPUs—could strengthen AWS’s position in government and enterprise AI. AMZN’s Saudi Arabia investment
• Positive Sentiment: New commerce initiatives could broaden monetization. YouTube’s integration of Amazon products into its Shopping Affiliate Program may increase product discovery and sales, while Alexa’s personalized shopping alerts and Amazon Pharmacy’s Solv integration could improve customer engagement and conversion. YouTube Amazon partnership
• Positive Sentiment: Analysts remain constructive. Citi reiterated a Buy rating and a $350 price target despite the legal risks, while recent results showed $200.6 billion in revenue and substantially stronger-than-expected earnings, with AWS revenue reportedly growing 36.7% year over year. Analyst reiterates Amazon Buy rating
• Neutral Sentiment: Zoox is expanding its robotaxi efforts. Amazon’s autonomous-vehicle unit plans testing in Houston and San Diego, but the initiative is still early-stage and has limited near-term earnings impact. Zoox and Waymo robotaxi expansion
• Negative Sentiment: The FTC lawsuit is driving the immediate pressure. The FTC and 22 states allege Amazon manipulated advertising auctions and overcharged approximately 1.2 million advertisers by more than $20 billion. Potential penalties, refunds, operational changes, and limits on ad-pricing practices threaten a rapidly growing, high-margin business. Amazon denies the allegations. FTC lawsuit against Amazon
• Negative Sentiment: AI spending and shareholder concerns remain overhangs. Investors are weighing the capital required for Amazon’s AI infrastructure against future returns, while reports of an institutional investor trimming its stake add near-term selling pressure.

Amazon.com Stock Performance

AMZN stock opened at $254.92 on Wednesday. The stock's 50 day simple moving average is $252.57 and its 200 day simple moving average is $241.40. The company has a current ratio of 1.03, a quick ratio of 0.87 and a debt-to-equity ratio of 0.23. Amazon.com, Inc. has a 12-month low of $196.00 and a 12-month high of $287.20. The stock has a market capitalization of $2.75 trillion, a PE ratio of 20.51, a price-to-earnings-growth ratio of 2.00 and a beta of 1.44.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its earnings results on Thursday, July 30th. The e-commerce giant reported $5.75 EPS for the quarter, topping analysts' consensus estimates of $1.82 by $3.93. Amazon.com had a return on equity of 18.00% and a net margin of 17.44%.The business had revenue of $200.61 billion during the quarter, compared to analyst estimates of $197.03 billion. During the same quarter last year, the company earned $1.68 EPS. The company's quarterly revenue was up 19.6% compared to the same quarter last year. As a group, research analysts forecast that Amazon.com, Inc. will post 8.05 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

AMZN has been the subject of a number of research analyst reports. Citizens Jmp reaffirmed a "market outperform" rating and issued a $315.00 price target on shares of Amazon.com in a research note on Friday, July 31st. BMO Capital Markets restated an "outperform" rating and issued a $360.00 price objective (up from $355.00) on shares of Amazon.com in a report on Tuesday, July 28th. Sanford C. Bernstein reaffirmed an "outperform" rating and issued a $320.00 target price (up from $315.00) on shares of Amazon.com in a research report on Friday, July 31st. KeyCorp raised their target price on shares of Amazon.com from $335.00 to $350.00 and gave the stock an "overweight" rating in a research report on Friday, July 31st. Finally, DA Davidson reaffirmed a "neutral" rating and set a $250.00 target price on shares of Amazon.com in a research note on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, fifty-six have given a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $323.09.

Amazon.com Company Profile

Amazon.com, Inc is a diversified technology and retail company best known for its e-commerce marketplace and broad portfolio of consumer and enterprise services. Founded by Jeff Bezos in 1994 and headquartered in Seattle, Washington, the company launched as an online bookseller and expanded into a global retail platform that sells products directly to consumers and provides a marketplace for third-party sellers. Over time Amazon has grown beyond retail into areas including cloud computing, digital media, devices and logistics.

Key businesses and offerings include Amazon’s online marketplace and fulfillment services, the Amazon Prime membership program (which bundles expedited shipping with streaming and other benefits), Amazon Web Services (AWS) which supplies on-demand cloud computing and storage to businesses and public-sector customers, and a range of content and advertising services such as Prime Video and Amazon Advertising.

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