Amazon.com (NASDAQ:AMZN) Stock Acquired Rep. William R. Keating

Representative William R. Keating (D-Massachusetts) recently bought shares of Amazon.com, Inc. (NASDAQ:AMZN). In a filing disclosed on January 15th, the Representative disclosed that they had bought between $1,001 and $15,000 in Amazon.com stock on January 7th. The trade occurred in the Representative’s “BILL’S IRA” account.

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

• Sold $1,001 – $15,000 in shares of Airbnb (NASDAQ:ABNB) on 1/7/2025.
• Purchased $1,001 – $15,000 in shares of Fiserv (NYSE:FI) on 1/7/2025.
• 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 Amazon.com (NASDAQ:AMZN) on 10/31/2024.
• Purchased $1,001 – $15,000 in shares of QUALCOMM (NASDAQ:QCOM) on 10/31/2024.

Amazon.com Stock Performance

Shares of Amazon.com stock opened at $220.66 on Friday. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.87. The firm has a 50 day simple moving average of $217.35 and a 200 day simple moving average of $195.93. Amazon.com, Inc. has a fifty-two week low of $149.91 and a fifty-two week high of $233.00. The firm has a market cap of $2.32 trillion, a P/E ratio of 47.25, a P/E/G ratio of 1.22 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, beating the consensus estimate of $1.14 by $0.29. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The company had revenue of $158.88 billion during the quarter, compared to analysts’ expectations of $157.28 billion. During the same period last year, the firm earned $0.85 EPS. The business’s revenue for the quarter was up 11.0% on a year-over-year basis. Sell-side analysts predict that Amazon.com, Inc. will post 5.38 earnings per share for the current fiscal year.

Institutional Trading of Amazon.com

A number of large investors have recently added to or reduced their stakes in the company. International Assets Investment Management LLC lifted its stake in Amazon.com by 20,897.2% in the 3rd quarter. International Assets Investment Management LLC now owns 39,135,449 shares of the e-commerce giant’s stock valued at $72,921,080,000 after purchasing an additional 38,949,065 shares during the last quarter. Parnassus Investments LLC raised its stake in Amazon.com by 82,457.3% in the third quarter. Parnassus Investments LLC now owns 11,405,294 shares of the e-commerce giant’s stock valued at $2,125,148,000 after buying an additional 11,391,479 shares during the period. State Street Corp lifted its position in shares of Amazon.com by 3.3% in the third quarter. State Street Corp now owns 359,179,990 shares of the e-commerce giant’s stock valued at $66,926,008,000 after buying an additional 11,370,309 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Amazon.com by 3.4% during the 3rd quarter. Geode Capital Management LLC now owns 199,915,046 shares of the e-commerce giant’s stock worth $37,116,341,000 after acquiring an additional 6,545,944 shares during the period. Finally, Strategic Financial Concepts LLC increased its holdings in shares of Amazon.com by 13,606.7% during the 2nd quarter. Strategic Financial Concepts LLC now owns 3,932,580 shares of the e-commerce giant’s stock worth $759,971,000 after acquiring an additional 3,903,889 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Insider Buying and Selling

In other news, insider Jeffrey P. Bezos sold 2,996,362 shares of the stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $206.75, for a total transaction of $619,497,843.50. Following the transaction, the insider now owns 914,420,614 shares in the company, valued at approximately $189,056,461,944.50. This trade represents a 0.33 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jonathan Rubinstein sold 4,351 shares of the business’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $229.85, for a total value of $1,000,077.35. Following the completion of the sale, the director now owns 88,203 shares of the company’s stock, valued at $20,273,459.55. This trade represents a 4.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 6,032,344 shares of company stock valued at $1,253,456,822. 10.80% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several analysts have weighed in on AMZN shares. Susquehanna boosted their price objective on Amazon.com from $220.00 to $230.00 and gave the stock a “positive” rating in a report on Friday, November 1st. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Amazon.com from $225.00 to $232.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Royal Bank of Canada raised their price objective on shares of Amazon.com from $215.00 to $225.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Maxim Group upped their target price on shares of Amazon.com from $251.00 to $260.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Finally, BMO Capital Markets reissued an “outperform” rating and issued a $236.00 price target on shares of Amazon.com in a research note on Tuesday, December 3rd. Two analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $245.65.

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.

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.