Serenus Wealth Advisors LLC Takes Position in Amazon.com, Inc. (NASDAQ:AMZN)

Serenus Wealth Advisors LLC bought a new position in shares of Amazon.com, Inc. (NASDAQ:AMZN) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 50,156 shares of the e-commerce giant's stock, valued at approximately $11,004,000. Amazon.com comprises about 1.4% of Serenus Wealth Advisors LLC's portfolio, making the stock its 12th biggest holding.

Other large investors have also added to or reduced their stakes in the company. Kingsview Wealth Management LLC grew its position in shares of Amazon.com by 3.9% in the fourth quarter. Kingsview Wealth Management LLC now owns 495,631 shares of the e-commerce giant's stock valued at $108,736,000 after purchasing an additional 18,557 shares during the last quarter. Archvest Wealth Advisors Inc. boosted its stake in Amazon.com by 30.3% in the 4th quarter. Archvest Wealth Advisors Inc. now owns 9,006 shares of the e-commerce giant's stock valued at $1,976,000 after purchasing an additional 2,095 shares during the period. Apollon Wealth Management LLC boosted its stake in Amazon.com by 12.1% in the 4th quarter. Apollon Wealth Management LLC now owns 377,583 shares of the e-commerce giant's stock valued at $82,838,000 after purchasing an additional 40,863 shares during the period. Apollon Financial LLC grew its holdings in Amazon.com by 2.3% in the 4th quarter. Apollon Financial LLC now owns 69,108 shares of the e-commerce giant's stock valued at $15,162,000 after buying an additional 1,581 shares in the last quarter. Finally, Westbourne Investment Advisors Inc. increased its position in Amazon.com by 1.8% during the 4th quarter. Westbourne Investment Advisors Inc. now owns 28,538 shares of the e-commerce giant's stock worth $6,261,000 after buying an additional 507 shares during the period. Institutional investors own 72.20% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on AMZN shares. UBS Group upped their price target on shares of Amazon.com from $230.00 to $264.00 and gave the company a "buy" rating in a research note on Monday, December 16th. Canaccord Genuity Group reissued a "buy" rating on shares of Amazon.com in a report on Thursday, February 13th. Telsey Advisory Group reaffirmed an "outperform" rating and set a $275.00 target price on shares of Amazon.com in a report on Friday, February 7th. Roth Mkm boosted their price target on Amazon.com from $220.00 to $250.00 and gave the company a "buy" rating in a research note on Monday, December 9th. Finally, JMP Securities reissued a "market outperform" rating and set a $285.00 price target on shares of Amazon.com in a research report on Friday, February 7th. Two equities research analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $260.65.

Amazon.com Trading Up 2.2 %

NASDAQ AMZN opened at $208.36 on Thursday. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 month high of $242.52. The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of $2.21 trillion, a PE ratio of 37.68, a price-to-earnings-growth ratio of 1.50 and a beta of 1.15. The business's 50-day moving average price is $225.12 and its two-hundred day moving average price is $206.50.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share for the quarter, beating analysts' consensus estimates of $1.52 by $0.34. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. On average, analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current year.

Insider Transactions at Amazon.com

In other Amazon.com news, CEO Douglas J. Herrington sold 27,500 shares of the company's stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $230.27, for a total transaction of $6,332,425.00. Following the sale, the chief executive officer now owns 497,067 shares of the company's stock, valued at approximately $114,459,618.09. This represents a 5.24 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Jonathan Rubinstein sold 4,351 shares of the stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $229.85, for a total value of $1,000,077.35. Following the sale, the director now owns 88,203 shares of the company's stock, valued at approximately $20,273,459.55. The trade was a 4.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 106,649 shares of company stock worth $23,871,905 over the last three months. 10.80% of the stock is owned by company insiders.

Amazon.com Company 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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