Rep. Jefferson Shreve Sells Off Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Representative Jefferson Shreve (R-Indiana) recently sold shares of Amazon.com, Inc. NASDAQ: AMZN. In a filing disclosed on June 22nd, the Representative disclosed that they had sold between $250,001 and $500,000 in Amazon.com stock on May 12th.

Representative Jefferson Shreve also recently made the following trade(s):

• Sold $15,001 - $50,000 in shares of Hubbell NYSE: HUBB on 5/12/2025.
• Sold $50,001 - $100,000 in shares of Trane Technologies NYSE: TT on 5/12/2025.
• Sold $15,001 - $50,000 in shares of RTX NYSE: RTX on 5/12/2025.
• Sold $50,001 - $100,000 in shares of NiSource NYSE: NI on 5/12/2025.
• Sold $50,001 - $100,000 in shares of Johnson & Johnson NYSE: JNJ on 5/12/2025.
• Sold $15,001 - $50,000 in shares of AppLovin NASDAQ: APP on 5/12/2025.
• Sold $15,001 - $50,000 in shares of Fiserv NYSE: FI on 5/12/2025.
• Sold $15,001 - $50,000 in shares of CNO Financial Group NYSE: CNO on 5/12/2025.
• Sold $50,001 - $100,000 in shares of Cboe Global Markets NASDAQ: CBOE on 5/12/2025.
• Sold $15,001 - $50,000 in shares of Lam Research NASDAQ: LRCX on 5/12/2025.

Amazon.com Stock Performance

Shares of Amazon.com stock traded down $0.54 during midday trading on Friday, hitting $231.69. The company had a trading volume of 4,195,002 shares, compared to its average volume of 43,980,141. Amazon.com, Inc. has a 1-year low of $151.61 and a 1-year high of $242.52. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.05 and a quick ratio of 0.84. The business's 50 day simple moving average is $215.14 and its two-hundred day simple moving average is $208.84. The stock has a market cap of $2.46 trillion, a PE ratio of 37.74, a P/E/G ratio of 1.70 and a beta of 1.33.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.38 by $0.21. The company had revenue of $155.67 billion during the quarter, compared to analysts' expectations of $154.96 billion. Amazon.com had a return on equity of 24.14% and a net margin of 10.14%. The business's revenue was up 8.6% on a year-over-year basis. During the same period last year, the business earned $0.98 earnings per share. As a group, equities analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have weighed in on AMZN shares. Jefferies Financial Group boosted their price objective on Amazon.com from $255.00 to $265.00 in a report on Wednesday, July 16th. Piper Sandler set a $250.00 price target on Amazon.com and gave the company an "overweight" rating in a research note on Friday, July 11th. Wells Fargo & Company upped their price target on Amazon.com from $201.00 to $238.00 and gave the company an "equal weight" rating in a research note on Tuesday, July 8th. JPMorgan Chase & Co. upped their price target on Amazon.com from $240.00 to $255.00 and gave the company an "overweight" rating in a research note on Friday, July 11th. Finally, Oppenheimer boosted their price objective on Amazon.com from $215.00 to $250.00 and gave the company an "outperform" rating in a research report on Friday, June 20th. Three analysts have rated the stock with a hold rating, forty-five have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Amazon.com has a consensus rating of "Moderate Buy" and a consensus price target of $254.33.

Insiders Place Their Bets

In other Amazon.com news, CEO Douglas J. Herrington sold 2,500 shares of the company's stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $220.06, for a total value of $550,150.00. Following the completion of the transaction, the chief executive officer owned 514,550 shares in the company, valued at $113,231,873. This represents a 0.48% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jeffrey P. Bezos sold 2,339,470 shares of the company's stock in a transaction on Tuesday, July 22nd. The shares were sold at an average price of $229.39, for a total value of $536,651,023.30. Following the completion of the transaction, the insider owned 887,933,999 shares of the company's stock, valued at $203,683,180,030.61. This trade represents a 0.26% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 20,947,939 shares of company stock valued at $4,720,588,785 over the last three months. 9.70% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of AMZN. Castlekeep Investment Advisors LLC acquired a new position in shares of Amazon.com in the fourth quarter worth approximately $25,000. Prudent Man Investment Management Inc. acquired a new position in shares of Amazon.com during the fourth quarter worth approximately $27,000. Carderock Capital Management Inc. acquired a new position in shares of Amazon.com during the second quarter worth approximately $27,000. LSV Asset Management purchased a new stake in Amazon.com in the 4th quarter valued at $35,000. Finally, Cooksen Wealth LLC purchased a new stake in Amazon.com in the 1st quarter valued at $36,000. Institutional investors own 72.20% of the company's stock.

About Representative Shreve

Jefferson Shreve (Republican Party) is a member of the U.S. House, representing Indiana's 6th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Shreve (Republican Party) is running for re-election to the U.S. House to represent Indiana's 6th Congressional District. He declared candidacy for the 2026 election. Email editor@ballotpedia.org to notify us of updates to this biography. Jefferson Shreve earned a bachelor's degree from Indiana University in 1989, a graduate degree from the University of London in 1998, and a graduate degree from Purdue University in 2003. Shreve's career experience includes working as a real estate executive. Shreve was elected 7th District Vice Chairman of the Indiana Republican State Committee on January 17, 2018, and was re-elected on March 6, 2021. In 2020, he was selected as a district-level delegate to the 2020 Republican National Convention.

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.