Amazon.com (NASDAQ:AMZN) Shares Acquired Rep. Marjorie Taylor Greene

Representative Marjorie Taylor Greene (R-Georgia) recently bought shares of Amazon.com, Inc. NASDAQ: AMZN. In a filing disclosed on December 27th, the Representative disclosed that they had bought between $1,001 and $15,000 in Amazon.com stock on December 24th.

Representative Marjorie Taylor Greene also recently made the following trade(s):

• Purchased $1,001 - $15,000 in shares of Norfolk Southern NYSE: NSC on 12/24/2024.
• Purchased $1,001 - $15,000 in shares of Meta Platforms NASDAQ: META on 12/24/2024.
• Purchased $1,001 - $15,000 in shares of Applied Materials NASDAQ: AMAT on 12/24/2024.
• Purchased $1,001 - $15,000 in shares of Gilead Sciences NASDAQ: GILD on 12/24/2024.
• Purchased $1,001 - $15,000 in shares of NVIDIA NASDAQ: NVDA on 12/24/2024.
• Purchased $1,001 - $15,000 in shares of Adobe NASDAQ: ADBE on 12/24/2024.
• Purchased $1,001 - $15,000 in shares of Johnson & Johnson NYSE: JNJ on 12/24/2024.
• Purchased $1,001 - $15,000 in shares of Microsoft NASDAQ: MSFT on 12/24/2024.
• Purchased $1,001 - $15,000 in shares of Eli Lilly and Company NYSE: LLY on 12/24/2024.
• Purchased $1,001 - $15,000 in shares of Hershey NYSE: HSY on 12/24/2024.

Amazon.com Trading Down 0.9 %

Shares of AMZN traded down $1.91 during mid-day trading on Tuesday, hitting $219.39. The company had a trading volume of 24,745,160 shares, compared to its average volume of 40,988,457. Amazon.com, Inc. has a 1-year low of $144.05 and a 1-year high of $233.00. The business's 50-day simple moving average is $210.97 and its 200-day simple moving average is $193.40. The stock has a market cap of $2.31 trillion, a PE ratio of 46.98, a P/E/G ratio of 1.54 and a beta of 1.16. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.21.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, beating analysts' consensus estimates of $1.14 by $0.29. The business had revenue of $158.88 billion during the quarter, compared to the consensus estimate of $157.28 billion. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The company's revenue for the quarter was up 11.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.85 EPS. Sell-side analysts forecast that Amazon.com, Inc. will post 5.29 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. BMO Capital Markets restated an "outperform" rating and set a $236.00 price target on shares of Amazon.com in a research report on Tuesday, December 3rd. JMP Securities restated a "market outperform" rating and issued a $285.00 target price on shares of Amazon.com in a research report on Monday, December 16th. Stifel Nicolaus boosted their price objective on Amazon.com from $224.00 to $245.00 and gave the stock a "buy" rating in a research note on Friday, November 1st. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $230.00 target price on shares of Amazon.com in a research note on Monday, October 7th. Finally, Scotiabank lifted their target price on Amazon.com from $245.00 to $246.00 and gave the stock a "sector outperform" rating in a report on Friday, November 1st. Two analysts have rated the stock with a hold rating, forty-one have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $243.00.

Institutional Investors Weigh In On Amazon.com

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

Insiders Place Their Bets

In other news, Director Jonathan Rubinstein sold 5,004 shares of the business's stock in a transaction dated 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 transaction, the director now owns 99,396 shares in the company, valued at approximately $19,864,290.60. The trade was a 4.79 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Daniel P. Huttenlocher sold 1,237 shares of Amazon.com stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $199.06, for a total value of $246,237.22. Following the sale, the director now directly owns 24,912 shares in the company, valued at approximately $4,958,982.72. This trade represents a 4.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 6,032,344 shares of company stock valued at $1,253,456,822 in the last three months. Company insiders own 10.80% of the company's stock.

About Representative Greene

Marjorie Taylor Greene (Republican Party) is a member of the U.S. House, representing Georgia's 14th Congressional District. She assumed office on January 3, 2021. Her current term ends on January 3, 2025. Greene (Republican Party) is running for re-election to the U.S. House to represent Georgia's 14th Congressional District. She declared candidacy for the 2024 election. Marjorie Taylor Greene earned a bachelor's degree in business administration from the University of Georgia. Greene's career experience includes co-owning construction company Taylor Commercial and founding and owning a CrossFit gym.

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.