Serenus Wealth Advisors LLC Raises Position in Amazon.com, Inc. $AMZN

Key Points

• Serenus Wealth Advisors LLC increased its stake in Amazon.com, Inc. by 17.8%, now holding approximately 59,098 shares valued at around $11.2 million, representing 1.4% of their investment portfolio.
• In the most recent quarter, Amazon reported earnings per share of $1.68, significantly surpassing analysts' expectations of $1.31, while also achieving a revenue of $167.70 billion.
• Wall Street analysts have a consensus rating of "Buy" for Amazon's stock, with price targets ranging from $244 to $266, reflecting positive growth forecasts for the company.

Serenus Wealth Advisors LLC grew its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 17.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 59,098 shares of the e-commerce giant's stock after purchasing an additional 8,942 shares during the quarter. Amazon.com comprises approximately 1.4% of Serenus Wealth Advisors LLC's portfolio, making the stock its 11th largest holding. Serenus Wealth Advisors LLC's holdings in Amazon.com were worth $11,244,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in AMZN. Talisman Wealth Advisors LLC boosted its position in Amazon.com by 1.2% in the 4th quarter. Talisman Wealth Advisors LLC now owns 4,647 shares of the e-commerce giant's stock valued at $1,020,000 after buying an additional 53 shares during the period. SWAN Capital LLC lifted its position in shares of Amazon.com by 3.1% during the 4th quarter. SWAN Capital LLC now owns 1,804 shares of the e-commerce giant's stock worth $396,000 after purchasing an additional 55 shares during the last quarter. Hamel Associates Inc. lifted its position in shares of Amazon.com by 1.4% during the 1st quarter. Hamel Associates Inc. now owns 4,100 shares of the e-commerce giant's stock worth $780,000 after purchasing an additional 55 shares during the last quarter. Lokken Investment Group LLC lifted its position in shares of Amazon.com by 1.5% during the 4th quarter. Lokken Investment Group LLC now owns 3,866 shares of the e-commerce giant's stock worth $848,000 after purchasing an additional 56 shares during the last quarter. Finally, CWC Advisors LLC. lifted its position in shares of Amazon.com by 3.1% during the 4th quarter. CWC Advisors LLC. now owns 1,872 shares of the e-commerce giant's stock worth $411,000 after purchasing an additional 56 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

AMZN has been the subject of several recent analyst reports. The Goldman Sachs Group reaffirmed a "buy" rating on shares of Amazon.com in a research report on Friday, August 1st. Monness Crespi & Hardt lifted their price objective on shares of Amazon.com from $265.00 to $275.00 and gave the stock a "buy" rating in a research report on Friday, August 1st. Citigroup reaffirmed an "overweight" rating on shares of Amazon.com in a research report on Wednesday, August 13th. HSBC lifted their price objective on shares of Amazon.com from $240.00 to $256.00 in a research report on Tuesday, July 22nd. Finally, Telsey Advisory Group reaffirmed an "outperform" rating and set a $265.00 price objective on shares of Amazon.com in a research report on Wednesday, August 13th. Two research analysts have rated the stock with a Strong Buy rating, forty-six have issued a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus price target of $262.87.

Amazon.com Stock Performance

NASDAQ AMZN traded down $2.60 during trading on Friday, reaching $229.00. The company's stock had a trading volume of 26,167,914 shares, compared to its average volume of 42,576,432. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.81 and a current ratio of 1.02. The firm has a market cap of $2.44 trillion, a price-to-earnings ratio of 34.91, a P/E/G ratio of 1.55 and a beta of 1.31. Amazon.com, Inc. has a twelve month low of $161.38 and a twelve month high of $242.52. The business's fifty day moving average price is $224.25 and its 200-day moving average price is $208.10.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The e-commerce giant reported $1.68 EPS for the quarter, beating analysts' consensus estimates of $1.31 by $0.37. The company had revenue of $167.70 billion for the quarter, compared to analyst estimates of $161.80 billion. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. Amazon.com's quarterly revenue was up 13.3% on a year-over-year basis. During the same period in the previous year, the business posted $1.26 earnings per share. Amazon.com has set its Q3 2025 guidance at EPS. As a group, analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Insider Buying and Selling

In other Amazon.com news, insider Jeffrey P. Bezos sold 4,273,237 shares of Amazon.com stock in a transaction on Friday, July 11th. The shares were sold at an average price of $224.81, for a total value of $960,666,409.97. Following the transaction, the insider directly owned 897,722,088 shares in the company, 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 document filed with the SEC, which can be accessed through this hyperlink. Insiders have sold 25,097,911 shares of company stock valued at $5,675,986,299 in the last quarter. Insiders own 9.70% of the company's stock.

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.