Rep. William R. Keating Buys Amazon.com, Inc. (NASDAQ:AMZN) Stock

Representative William R. Keating (D-Massachusetts) recently bought shares of Amazon.com, Inc. NASDAQ: AMZN. In a filing disclosed on November 06th, the Representative disclosed that they had bought between $1,001 and $15,000 in Amazon.com stock on October 31st. The trade occurred in the Representative's "BILL'S IRA" account.

Representative William R. Keating also recently made the following trade(s):

• Purchased $1,001 - $15,000 in shares of Alphabet NASDAQ: GOOGL on 10/31/2024.
• Purchased $1,001 - $15,000 in shares of Microsoft NASDAQ: MSFT on 10/31/2024.
• Sold $1,001 - $15,000 in shares of Amentum NYSE: AMTM on 10/31/2024.
• Purchased $1,001 - $15,000 in shares of QUALCOMM NASDAQ: QCOM on 10/31/2024.
• Sold $1,001 - $15,000 in shares of Caterpillar NYSE: CAT on 9/11/2024.
• Sold $1,001 - $15,000 in shares of NXP Semiconductors NASDAQ: NXPI on 9/11/2024.

Amazon.com Stock Up 1.4 %

Shares of NASDAQ:AMZN traded up $2.96 during trading on Thursday, reaching $210.05. 52,821,583 shares of the stock traded hands, compared to its average volume of 41,462,430. The stock has a market cap of $2.21 trillion, a P/E ratio of 44.98, a price-to-earnings-growth ratio of 1.46 and a beta of 1.14. Amazon.com, Inc. has a 52-week low of $139.52 and a 52-week high of $212.25. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09. The stock has a 50-day moving average of $186.48 and a two-hundred day moving average of $184.23.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.14 by $0.29. The business had revenue of $158.88 billion for the quarter, compared to analysts' expectations of $157.28 billion. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The firm's quarterly revenue was up 11.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.85 EPS. As a group, sell-side analysts expect that Amazon.com, Inc. will post 4.98 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on AMZN. Maxim Group upped their price objective on Amazon.com from $251.00 to $260.00 and gave the company a "buy" rating in a research report on Friday, November 1st. JPMorgan Chase & Co. boosted their target price on shares of Amazon.com from $230.00 to $250.00 and gave the company an "overweight" rating in a research note on Friday, November 1st. Pivotal Research started coverage on shares of Amazon.com in a research note on Friday, October 11th. They set a "buy" rating and a $260.00 target price for the company. Monness Crespi & Hardt boosted their target price on shares of Amazon.com from $225.00 to $245.00 and gave the company a "buy" rating in a research note on Friday, November 1st. Finally, BMO Capital Markets restated an "outperform" rating and issued a $236.00 price objective (up from $230.00) on shares of Amazon.com in a research note on Friday, November 1st. Two research analysts have rated the stock with a hold rating, forty have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $234.55.

Insider Activity at Amazon.com

In related news, Director Jonathan Rubinstein sold 5,004 shares of the business's stock in a transaction on Friday, November 1st. The shares were sold at an average price of $199.85, for a total transaction of $1,000,049.40. Following the completion of the transaction, the director now directly owns 99,396 shares in the company, valued at $19,864,290.60. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Amazon.com news, Director Jonathan Rubinstein sold 5,004 shares of Amazon.com stock in a transaction on Friday, November 1st. The shares were sold at an average price of $199.85, for a total value of $1,000,049.40. Following the completion of the transaction, the director now owns 99,396 shares of the company's stock, valued at approximately $19,864,290.60. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP David Zapolsky sold 2,190 shares of Amazon.com stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of $195.00, for a total transaction of $427,050.00. Following the completion of the transaction, the senior vice president now directly owns 62,420 shares of the company's stock, valued at $12,171,900. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 55,859 shares of company stock worth $10,215,097 over the last three months. Company insiders own 10.80% of the company's stock.

Institutional Investors Weigh In On Amazon.com

Several institutional investors have recently bought and sold shares of AMZN. Vanguard Group Inc. lifted its position in Amazon.com by 1.9% during the first quarter. Vanguard Group Inc. now owns 785,811,114 shares of the e-commerce giant's stock valued at $141,744,609,000 after purchasing an additional 14,724,687 shares during the period. Capital Research Global Investors lifted its position in Amazon.com by 8.5% during the first quarter. Capital Research Global Investors now owns 86,982,857 shares of the e-commerce giant's stock valued at $15,689,968,000 after purchasing an additional 6,810,145 shares during the period. Legal & General Group Plc lifted its position in Amazon.com by 1.5% during the second quarter. Legal & General Group Plc now owns 69,686,374 shares of the e-commerce giant's stock valued at $13,466,933,000 after purchasing an additional 1,042,177 shares during the period. Bank of New York Mellon Corp lifted its position in Amazon.com by 0.4% during the second quarter. Bank of New York Mellon Corp now owns 67,745,972 shares of the e-commerce giant's stock valued at $13,091,909,000 after purchasing an additional 289,532 shares during the period. Finally, Jennison Associates LLC lifted its position in Amazon.com by 0.5% during the first quarter. Jennison Associates LLC now owns 56,666,183 shares of the e-commerce giant's stock valued at $10,221,446,000 after purchasing an additional 295,132 shares during the period. 72.20% of the stock is currently owned by institutional investors and hedge funds.

About Representative Keating

Bill Keating (Democratic Party) is a member of the U.S. House, representing Massachusetts' 9th Congressional District. He assumed office on January 3, 2013. His current term ends on January 3, 2025. Keating (Democratic Party) is running for re-election to the U.S. House to represent Massachusetts' 9th Congressional District. He declared candidacy for the 2024 election. Keating was first elected to the House in 2010 for Massachusetts' 10th Congressional District but due to redistricting, he won re-election in Massachusetts' 9th Congressional District on November 6, 2012. Prior to being elected to the House, Keating was a member of the Massachusetts House of Representatives and a member of the Massachusetts State Senate. He also served as the Norfolk District Attorney. After earning his bachelor's degree, Keating went into politics as a 23-year-old representative in the Massachusetts House of Representatives. He served in that chamber for seven years and went on to be elected to the Massachusetts Senate. Keating also earned his master's degree and J.D., passing the Massachusetts bar. In the decade between serving in the state senate and being elected to the U.S. House, Keating worked as the Norfolk district attorney.

About Amazon.com

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.