Representative Robert Bresnahan, Jr. (R-Pennsylvania) recently sold shares of Amazon.com, Inc. NASDAQ: AMZN. In a filing disclosed on April 22nd, the Representative disclosed that they had sold between $1,001 and $15,000 in Amazon.com stock on April 3rd. The trade occurred in the Representative's "JP MORGAN BROKERAGE ACCOUNT #2" account.
Representative Robert Bresnahan, Jr. also recently made the following trade(s):
- Sold $1,001 - $15,000 in shares of Reddit NYSE: RDDT on 4/4/2025.
- Purchased $1,001 - $15,000 in shares of Okta NASDAQ: OKTA on 4/4/2025.
- Sold $1,001 - $15,000 in shares of Cloudflare NYSE: NET on 4/4/2025.
- Sold $1,001 - $15,000 in shares of SanDisk NASDAQ: SNDK on 4/4/2025.
- Sold $1,001 - $15,000 in shares of Robinhood Markets NASDAQ: HOOD on 4/3/2025.
- Purchased $1,001 - $15,000 in shares of Microsoft NASDAQ: MSFT on 4/3/2025.
- Sold $1,001 - $15,000 in shares of Broadcom NASDAQ: AVGO on 4/3/2025.
- Sold $1,001 - $15,000 in shares of Shopify NYSE: SHOP on 4/3/2025.
- Sold $1,001 - $15,000 in shares of Meta Platforms NASDAQ: META on 4/2/2025.
- Purchased $1,001 - $15,000 in shares of Intuit NASDAQ: INTU on 4/1/2025.
Amazon.com Stock Performance
Amazon.com stock traded up $2.45 during midday trading on Friday, hitting $188.99. The company's stock had a trading volume of 36,349,105 shares, compared to its average volume of 41,950,653. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.87. The company has a market cap of $2.00 trillion, a price-to-earnings ratio of 34.18, a PEG ratio of 1.50 and a beta of 1.39. Amazon.com, Inc. has a 1-year low of $151.61 and a 1-year high of $242.52. The company has a 50-day moving average price of $194.27 and a two-hundred day moving average price of $207.70.
Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly 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%. As a group, sell-side analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current year.
Hedge Funds Weigh In On Amazon.com
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Rench Wealth Management Inc. lifted its holdings in shares of Amazon.com by 7.9% in the 3rd quarter. Rench Wealth Management Inc. now owns 50,403 shares of the e-commerce giant's stock worth $9,392,000 after purchasing an additional 3,703 shares in the last quarter. Blankinship & Foster LLC lifted its stake in shares of Amazon.com by 216.4% in the third quarter. Blankinship & Foster LLC now owns 6,930 shares of the e-commerce giant's stock valued at $1,291,000 after buying an additional 4,740 shares in the last quarter. One Wealth Capital Management LLC bought a new position in shares of Amazon.com in the fourth quarter valued at $4,270,000. Floyd Financial Group LLC acquired a new position in shares of Amazon.com during the fourth quarter valued at about $4,494,000. Finally, Segall Bryant & Hamill LLC increased its position in shares of Amazon.com by 14.3% during the fourth quarter. Segall Bryant & Hamill LLC now owns 317,114 shares of the e-commerce giant's stock worth $69,572,000 after acquiring an additional 39,696 shares in the last quarter. Institutional investors own 72.20% of the company's stock.
Insider Buying and Selling
In related news, CEO Douglas J. Herrington sold 2,500 shares of the stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $187.99, for a total value of $469,975.00. Following the completion of the sale, the chief executive officer now directly owns 509,474 shares of the company's stock, valued at approximately $95,776,017.26. This represents a 0.49 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Andrew R. Jassy sold 20,784 shares of the firm's stock in a transaction on Friday, February 21st. The shares were sold at an average price of $220.65, for a total value of $4,585,989.60. Following the transaction, the chief executive officer now owns 2,118,886 shares in the company, valued at approximately $467,532,195.90. This trade represents a 0.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 104,798 shares of company stock worth $23,341,803 in the last quarter. Insiders own 10.80% of the company's stock.
Wall Street Analysts Forecast Growth
A number of research firms have recently weighed in on AMZN. Canaccord Genuity Group reiterated a "buy" rating on shares of Amazon.com in a research report on Thursday, February 13th. Oppenheimer upped their price objective on shares of Amazon.com from $230.00 to $260.00 and gave the stock an "outperform" rating in a research report on Friday, February 7th. JMP Securities decreased their target price on shares of Amazon.com from $285.00 to $240.00 and set a "market outperform" rating on the stock in a report on Monday, April 14th. Wolfe Research upped their price target on shares of Amazon.com from $250.00 to $270.00 and gave the stock an "outperform" rating in a report on Friday, January 3rd. Finally, Citigroup reduced their price target on shares of Amazon.com from $273.00 to $225.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Two investment analysts have rated the stock with a hold rating and forty-five have assigned a buy rating to the stock. According to data from MarketBeat.com, Amazon.com currently has a consensus rating of "Moderate Buy" and a consensus price target of $247.56.
Check Out Our Latest Report on AMZN
About Representative Bresnahan
Rob Bresnahan Jr. (Republican Party) is a member of the U.S. House, representing Pennsylvania's 8th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.
Bresnahan (Republican Party) is running for re-election to the U.S. House to represent Pennsylvania's 8th Congressional District. He declared candidacy for the 2026 election.
Rob Bresnahan Jr. was born in Kingston, Pennsylvania. He earned a B.S. in business administration, management and operations from the University of Scranton in 2012. His career experience includes working as the chief financial officer and CEO of a family business, an electrical contracting company.
Amazon.com Company Profile
(
Get Free Report)
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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