Amazon.com (NASDAQ:AMZN) Shares Acquired Rep. C. Scott Franklin

Representative C. Scott Franklin (R-Florida) recently bought shares of Amazon.com, Inc. NASDAQ: AMZN. In a filing disclosed on March 18th, the Representative disclosed that they had bought between $50,001 and $100,000 in Amazon.com stock on February 26th. The trade occurred in the Representative's "FIDELITY TRADITIONAL IRA" account.

Representative C. Scott Franklin also recently made the following trade(s):

• Purchased $1,001 - $15,000 in shares of Amazon.com NASDAQ: AMZN on 2/26/2025.
• Purchased $15,001 - $50,000 in shares of Lockheed Martin NYSE: LMT on 2/18/2025.
• Purchased $1,001 - $15,000 in shares of Lockheed Martin NYSE: LMT on 2/18/2025.
• Sold $1,000,001 - $5,000,000 in shares of The Baldwin Insurance Group NASDAQ: BWIN on 2/7/2025.
• Sold $15,001 - $50,000 in shares of The Baldwin Insurance Group NASDAQ: BWIN on 2/6/2025.
• Sold $50,001 - $100,000 in shares of Costco Wholesale NASDAQ: COST on 1/28/2025.
• Sold $1,001 - $15,000 in shares of Costco Wholesale NASDAQ: COST on 1/28/2025.

Amazon.com Stock Up 0.6 %

Shares of NASDAQ AMZN traded up $1.26 during midday trading on Friday, reaching $196.21. 59,998,098 shares of the company's stock were exchanged, compared to its average volume of 38,440,832. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.06. Amazon.com, Inc. has a 52-week low of $151.61 and a 52-week high of $242.52. The business's fifty day moving average price is $218.90 and its two-hundred day moving average price is $208.19. The stock has a market capitalization of $2.08 trillion, a PE ratio of 35.48, a price-to-earnings-growth ratio of 1.50 and a beta of 1.19.

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Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.52 by $0.34. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. Analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current year.

Insider Buying and Selling at Amazon.com

In related news, SVP David Zapolsky sold 19,212 shares of Amazon.com stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $217.50, for a total value of $4,178,610.00. Following the transaction, the senior vice president now owns 49,950 shares of the company's stock, valued at approximately $10,864,125. This trade represents a 27.78 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Andrew R. Jassy sold 20,784 shares of the company's stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $220.65, for a total transaction of $4,585,989.60. Following the sale, the chief executive officer now directly owns 2,118,886 shares of the company's stock, valued at $467,532,195.90. This represents a 0.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 102,298 shares of company stock valued at $22,871,828. Corporate insiders own 10.80% of the company's stock.

Institutional Trading of Amazon.com

Several institutional investors have recently modified their holdings of the company. Prostatis Group LLC lifted its holdings in Amazon.com by 8.4% in the 4th quarter. Prostatis Group LLC now owns 13,766 shares of the e-commerce giant's stock valued at $3,020,000 after acquiring an additional 1,071 shares during the last quarter. Nestegg Advisors Inc. bought a new stake in shares of Amazon.com in the 4th quarter worth approximately $303,000. Fairtree Asset Management Pty Ltd acquired a new stake in Amazon.com during the fourth quarter valued at approximately $3,044,000. M1 Capital Management LLC bought a new stake in Amazon.com during the fourth quarter worth approximately $2,307,000. Finally, DSG Capital Advisors LLC acquired a new position in Amazon.com in the fourth quarter worth approximately $10,526,000. Institutional investors and hedge funds own 72.20% of the company's stock.

Analysts Set New Price Targets

AMZN has been the topic of several recent analyst reports. DA Davidson upped their price target on shares of Amazon.com from $235.00 to $280.00 and gave the company a "buy" rating in a report on Friday, February 7th. Stifel Nicolaus boosted their target price on shares of Amazon.com from $245.00 to $275.00 and gave the stock a "buy" rating in a research report on Friday, February 7th. Benchmark increased their price target on shares of Amazon.com from $215.00 to $265.00 and gave the stock a "buy" rating in a research report on Tuesday, February 4th. Citigroup reiterated a "buy" rating on shares of Amazon.com in a research note on Thursday, February 13th. Finally, UBS Group upped their price objective on Amazon.com from $230.00 to $264.00 and gave the company a "buy" rating in a research note on Monday, December 16th. Two investment analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $260.65.

About Representative Franklin

Scott Franklin (Republican Party) is a member of the U.S. House, representing Florida's 18th Congressional District. He assumed office on January 3, 2023. His current term ends on January 3, 2027. Franklin (Republican Party) is running for re-election to the U.S. House to represent Florida's 18th Congressional District. He declared candidacy for the 2026 election. Scott Franklin was born in Thomaston, Georgia. Franklin graduated from Lakeland High School. He served in the U.S. Navy from 1986 to 2000 and the U.S. Navy Reserve from 2000 to 2012. Franklin earned a B.S. from the United States Naval Academy in 1986 and an M.B.A. from Embry-Riddle Aeronautical University in 1994. Franklin's career experience includes owning an insurance agency and working as a naval aviator with the U.S. Navy.

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.