Serenus Wealth Advisors LLC Increases Stock Holdings in Amazon.com, Inc. $AMZN

Serenus Wealth Advisors LLC lifted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 17.8% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 59,098 shares of the e-commerce giant's stock after buying an additional 8,942 shares during the quarter. Amazon.com accounts for approximately 1.4% of Serenus Wealth Advisors LLC's holdings, making the stock its 11th largest holding. Serenus Wealth Advisors LLC's holdings in Amazon.com were worth $11,244,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of AMZN. Castlekeep Investment Advisors LLC acquired a new stake in Amazon.com during the 4th quarter valued at approximately $25,000. Prudent Man Investment Management Inc. acquired a new stake in Amazon.com during the 4th quarter valued at approximately $27,000. LSV Asset Management acquired a new stake in Amazon.com during the 4th quarter valued at approximately $35,000. Cooksen Wealth LLC acquired a new stake in Amazon.com during the 1st quarter valued at approximately $36,000. Finally, Inlight Wealth Management LLC acquired a new stake in Amazon.com during the 1st quarter valued at approximately $40,000. Institutional investors and hedge funds own 72.20% of the company's stock.

Amazon.com Trading Down 0.4%

NASDAQ:AMZN opened at $227.94 on Tuesday. Amazon.com, Inc. has a 12-month low of $161.38 and a 12-month high of $242.52. The firm has a market capitalization of $2.43 trillion, a P/E ratio of 34.75, a P/E/G ratio of 1.54 and a beta of 1.31. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.81. The business has a 50 day simple moving average of $222.87 and a 200 day simple moving average of $207.84.

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 for the quarter, beating the consensus estimate of $1.31 by $0.37. The firm had revenue of $167.70 billion for the quarter, compared to the consensus estimate of $161.80 billion. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%.The firm's revenue for the quarter was up 13.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.26 EPS. Amazon.com has set its Q3 2025 guidance at EPS. Equities research analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current year.

Analysts Set New Price Targets

AMZN has been the subject of a number of recent analyst reports. HSBC raised their price objective on Amazon.com from $240.00 to $256.00 in a research note on Tuesday, July 22nd. BMO Capital Markets lifted their target price on Amazon.com from $270.00 to $280.00 and gave the stock an "outperform" rating in a research report on Friday, August 1st. Bank of America lifted their target price on Amazon.com from $265.00 to $272.00 and gave the stock a "buy" rating in a research report on Friday, August 1st. Truist Financial lifted their target price on Amazon.com from $226.00 to $250.00 and gave the stock a "buy" rating in a research report on Wednesday, July 2nd. Finally, Benchmark reiterated a "buy" rating and issued a $260.00 target price on shares of Amazon.com in a research report on Friday, May 2nd. Two research analysts have rated the stock with a Strong Buy rating, forty-six have given a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat, Amazon.com currently has an average rating of "Buy" and a consensus price target of $262.87.

Insider Activity

In other Amazon.com news, VP Shelley Reynolds sold 2,715 shares of Amazon.com stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $221.64, for a total transaction of $601,752.60. Following the sale, the vice president owned 119,780 shares of the company's stock, valued at $26,548,039.20. The trade was a 2.22% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Douglas J. Herrington sold 6,835 shares of Amazon.com stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $221.62, for a total value of $1,514,772.70. Following the sale, the chief executive officer directly owned 520,507 shares in the company, valued at $115,354,761.34. The trade was a 1.30% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 25,097,911 shares of company stock worth $5,675,986,299 over the last ninety days. 10.80% of the stock is currently 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.

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