Category: Markets
Published: 2026-07-07T12:49:33.000Z
Apollon Wealth Management LLC increased its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 13.0% in the first quarter, making it their 5th largest holding valued at $112.9 million. Other institutional investors also adjusted their positions in Amazon, which maintains a "Moderate Buy" consensus rating from analysts with an average target price of $312.79. However, the article highlights both positive sentiments like Amazon's AI investments and negative sentiments such as intensifying e-commerce competition and insider stock sales.
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