Rep. William R. Keating Purchases Shares of Amazon.com, Inc. (NASDAQ:AMZN)

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 Price Performance

Shares of Amazon.com stock traded up $5.28 on Friday, hitting $225.94. 42,097,354 shares of the company traded hands, compared to its average volume of 27,997,364. The firm’s 50-day simple moving average is $217.56 and its 200 day simple moving average is $196.10. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21. The company has a market cap of $2.38 trillion, a P/E ratio of 48.38, a P/E/G ratio of 1.22 and a beta of 1.14. Amazon.com, Inc. has a 12-month low of $151.61 and a 12-month high of $233.00.

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

Insider Transactions at Amazon.com

In related news, Director Jonathan Rubinstein sold 4,351 shares of the company’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $229.85, for a total transaction of $1,000,077.35. Following the sale, the director now owns 88,203 shares of the company’s stock, valued at $20,273,459.55. This represents a 4.70 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Jeffrey P. Bezos sold 2,996,362 shares of the company’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $208.85, for a total transaction of $625,790,203.70. Following the sale, the insider now directly owns 917,416,976 shares in the company, valued at approximately $191,602,535,437.60. The trade was a 0.33 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 6,032,344 shares of company stock valued at $1,253,456,822. 10.80% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Amazon.com

A number of hedge funds have recently modified their holdings of AMZN. Smallwood Wealth Investment Management LLC lifted its holdings in shares of Amazon.com by 4.4% in the fourth quarter. Smallwood Wealth Investment Management LLC now owns 3,555 shares of the e-commerce giant’s stock worth $780,000 after buying an additional 150 shares in the last quarter. FCG Investment Co lifted its holdings in shares of Amazon.com by 8.3% in the fourth quarter. FCG Investment Co now owns 32,621 shares of the e-commerce giant’s stock worth $7,157,000 after buying an additional 2,503 shares in the last quarter. Key Client Fiduciary Advisors LLC lifted its holdings in shares of Amazon.com by 2.9% in the fourth quarter. Key Client Fiduciary Advisors LLC now owns 29,466 shares of the e-commerce giant’s stock worth $6,464,000 after buying an additional 828 shares in the last quarter. Apeiron RIA LLC lifted its holdings in shares of Amazon.com by 4.9% in the fourth quarter. Apeiron RIA LLC now owns 8,466 shares of the e-commerce giant’s stock worth $1,857,000 after buying an additional 398 shares in the last quarter. Finally, Veracity Capital LLC lifted its holdings in shares of Amazon.com by 5.6% in the fourth quarter. Veracity Capital LLC now owns 21,430 shares of the e-commerce giant’s stock worth $4,702,000 after buying an additional 1,133 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Pivotal Research began coverage on shares of Amazon.com in a report on Friday, October 11th. They set a “buy” rating and a $260.00 target price on the stock. Oppenheimer raised their price target on shares of Amazon.com from $220.00 to $230.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. The Goldman Sachs Group raised their price target on shares of Amazon.com from $230.00 to $240.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Robert W. Baird raised their price target on shares of Amazon.com from $220.00 to $260.00 and gave the stock an “outperform” rating in a report on Friday, December 13th. Finally, Benchmark raised their price target on shares of Amazon.com from $200.00 to $215.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Two research analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company 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.