Rep. Cleo Fields Buys Amazon.com, Inc. (NASDAQ:AMZN) Shares

Key Points

• Representative Cleo Fields purchased between $1,001 and $15,000 in shares of Amazon.com (NASDAQ:AMZN) on July 14th, disclosed on August 6th.
• Amazon reported $1.68 earnings per share for the last quarter, surpassing expectations, with a net revenue of $167.70 billion, reflecting a 13.3% year-over-year increase.
• Insider transactions included Jeffrey P. Bezos selling over 2.6 million shares at an average price of $230.43, totaling approximately $609 million.

Representative Cleo Fields (D-Louisiana) recently bought shares of Amazon.com, Inc. NASDAQ: AMZN. In a filing disclosed on August 06th, the Representative disclosed that they had bought between $1,001 and $15,000 in Amazon.com stock on July 14th. The trade occurred in the Representative's "MORGAN STANLEY - E*TRADE #2" account.

Representative Cleo Fields also recently made the following trade(s):

• Purchased $15,001 - $50,000 in shares of Advanced Micro Devices NASDAQ: AMD on 7/30/2025.
• Purchased $100,001 - $250,000 in shares of Alphabet NASDAQ: GOOG on 7/30/2025.
• Purchased $100,001 - $250,000 in shares of Apple NASDAQ: AAPL on 7/29/2025.
• Purchased $15,001 - $50,000 in shares of Broadcom NASDAQ: AVGO on 7/29/2025.
• Purchased $15,001 - $50,000 in shares of McDonald's NYSE: MCD on 7/29/2025.
• Purchased $50,001 - $100,000 in shares of Meta Platforms NASDAQ: META on 7/29/2025.
• Purchased $250,001 - $500,000 in shares of NVIDIA NASDAQ: NVDA on 7/29/2025.
• Purchased $50,001 - $100,000 in shares of Alphabet NASDAQ: GOOG on 7/29/2025.
• Purchased $100,001 - $250,000 in shares of Microsoft NASDAQ: MSFT on 7/29/2025.
• Purchased $50,001 - $100,000 in shares of Microsoft NASDAQ: MSFT on 7/29/2025.

Amazon.com Trading Up 0.4%

Shares of Amazon.com stock opened at $223.13 on Friday. The company's fifty day simple moving average is $219.27 and its 200-day simple moving average is $209.03. The company has a market cap of $2.38 trillion, a price-to-earnings ratio of 34.01, a PEG ratio of 1.50 and a beta of 1.31. The company has a current ratio of 1.02, a quick ratio of 0.81 and a debt-to-equity ratio of 0.15. Amazon.com, Inc. has a 1 year low of $161.38 and a 1 year high of $242.52.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.31 by $0.37. The business had revenue of $167.70 billion for the quarter, compared to the consensus estimate of $161.80 billion. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. Amazon.com's quarterly revenue was up 13.3% on a year-over-year basis. During the same quarter last year, the company posted $1.26 earnings per share. As a group, sell-side analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current year.

Insider Transactions at Amazon.com

In other news, insider Jeffrey P. Bezos sold 2,643,142 shares of the company's stock in a transaction dated Thursday, July 24th. The stock was sold at an average price of $230.43, for a total value of $609,059,211.06. Following the completion of the sale, the insider directly owned 883,779,901 shares of the company's stock, valued at $203,649,402,587.43. This represents a 0.30% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Douglas J. Herrington sold 2,500 shares of the company's stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $217.00, for a total value of $542,500.00. Following the completion of the sale, the chief executive officer directly owned 512,050 shares of the company's stock, valued at approximately $111,114,850. This trade represents a 0.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 25,102,037 shares of company stock valued at $5,674,937,048. 9.70% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on AMZN. The Goldman Sachs Group restated a "buy" rating on shares of Amazon.com in a research note on Friday, August 1st. Oppenheimer lowered their price objective on shares of Amazon.com from $250.00 to $245.00 and set an "outperform" rating on the stock in a research note on Friday, August 1st. Scotiabank lifted their price target on shares of Amazon.com from $250.00 to $275.00 and gave the stock a "sector outperform" rating in a research note on Tuesday, July 22nd. Bank of America lifted their price target on shares of Amazon.com from $265.00 to $272.00 and gave the stock a "buy" rating in a research note on Friday, August 1st. Finally, Wall Street Zen upgraded shares of Amazon.com from a "hold" rating to a "buy" rating in a research note on Saturday, August 2nd. One equities research analyst has rated the stock with a hold rating, forty-seven have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Buy" and an average price target of $262.45.

Institutional Trading of Amazon.com

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Verus Capital Partners LLC increased its stake in shares of Amazon.com by 2.1% in the 2nd quarter. Verus Capital Partners LLC now owns 435,304 shares of the e-commerce giant's stock valued at $95,501,000 after acquiring an additional 9,079 shares during the last quarter. Pembroke Management LTD increased its stake in shares of Amazon.com by 150.0% in the 2nd quarter. Pembroke Management LTD now owns 2,923 shares of the e-commerce giant's stock valued at $641,000 after acquiring an additional 1,754 shares during the last quarter. Davidson Capital Management Inc. increased its stake in shares of Amazon.com by 16.0% in the 2nd quarter. Davidson Capital Management Inc. now owns 16,105 shares of the e-commerce giant's stock valued at $3,533,000 after acquiring an additional 2,226 shares during the last quarter. STF Management LP increased its stake in shares of Amazon.com by 2.9% in the 2nd quarter. STF Management LP now owns 63,093 shares of the e-commerce giant's stock valued at $13,842,000 after acquiring an additional 1,804 shares during the last quarter. Finally, PCG Wealth Advisors LLC increased its stake in shares of Amazon.com by 4.4% in the 2nd quarter. PCG Wealth Advisors LLC now owns 7,503 shares of the e-commerce giant's stock valued at $1,646,000 after acquiring an additional 314 shares during the last quarter. 72.20% of the stock is owned by institutional investors.

About Representative FIELDS

Cleo Fields (Democratic Party) is a member of the U.S. House, representing Louisiana's 6th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Fields (Democratic Party) is running for re-election to the U.S. House to represent Louisiana's 6th Congressional District. He declared candidacy for the primary scheduled on November 3, 2026. Cleo Fields graduated from McKinley High School in 1980. He earned a bachelor's degree in mass communications from Southern University in 1984 and a J.D. from the Southern University Law Center in 1987. His career experience includes working as a state legislator and U.S. congressman. When Fields was elected to the Louisiana State Senate in 1986, he was the youngest person ever elected to the State Senate in Louisiana’s history. In 1995, Fields ran for governor of Louisiana, becoming the first African American since reconstruction to make the runoff.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.