Rep. Marjorie Taylor Greene Buys Amazon.com, Inc. (NASDAQ:AMZN) Stock

Representative Marjorie Taylor Greene (R-Georgia) recently bought shares of Amazon.com, Inc. (NASDAQ:AMZN). In a filing disclosed on November 21st, the Representative disclosed that they had bought between $1,001 and $15,000 in Amazon.com stock on November 20th.

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

• Purchased $1,001 – $15,000 in shares of Nestlé (OTCMKTS:NSRGY) on 11/20/2024.
• Purchased $1,001 – $15,000 in shares of Southern Copper (NYSE:SCCO) on 11/20/2024.
• Purchased $1,001 – $15,000 in shares of AbbVie (NYSE:ABBV) on 11/20/2024.
• Purchased $1,001 – $15,000 in shares of Occidental Petroleum (NYSE:OXY) on 11/20/2024.
• Purchased $1,001 – $15,000 in shares of Applied Materials (NASDAQ:AMAT) on 11/20/2024.
• Purchased $1,001 – $15,000 in shares of Adobe (NASDAQ:ADBE) on 11/20/2024.
• Purchased $1,001 – $15,000 in shares of QUALCOMM (NASDAQ:QCOM) on 11/20/2024.
• Purchased $1,001 – $15,000 in shares of Berkshire Hathaway (NYSE:BRK.B) on 11/7/2024.
• Purchased $1,001 – $15,000 in shares of FedEx (NYSE:FDX) on 11/7/2024.
• Purchased $1,001 – $15,000 in shares of Dell Technologies (NYSE:DELL) on 11/7/2024.

Amazon.com Stock Down 0.6 %

AMZN stock opened at $197.12 on Friday. 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 firm has a 50 day simple moving average of $193.00 and a 200-day simple moving average of $186.31. The company has a market capitalization of $2.07 trillion, a P/E ratio of 42.21, a PEG ratio of 1.33 and a beta of 1.14. Amazon.com, Inc. has a twelve month low of $142.81 and a twelve month high of $215.90.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.14 by $0.29. The company 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 was up 11.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.85 EPS. On average, equities research analysts predict that Amazon.com, Inc. will post 5.27 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently commented on AMZN shares. Stifel Nicolaus lifted their target price on Amazon.com from $224.00 to $245.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. JPMorgan Chase & Co. boosted their target price on shares of Amazon.com from $230.00 to $250.00 and gave the company an “overweight” rating in a research note on Friday, November 1st. Evercore ISI raised their price target on shares of Amazon.com from $240.00 to $260.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Rosenblatt Securities boosted their price objective on shares of Amazon.com from $221.00 to $236.00 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 target price (up previously from $230.00) on shares of Amazon.com in a report on Friday, November 1st. Two research analysts have rated the stock with a hold rating, forty have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $235.77.

Hedge Funds Weigh In On Amazon.com

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Capstone Capital LLC lifted its holdings in shares of Amazon.com by 16.2% in the third quarter. Capstone Capital LLC now owns 1,424 shares of the e-commerce giant’s stock valued at $265,000 after purchasing an additional 198 shares in the last quarter. Sculati Wealth Management LLC lifted its stake in Amazon.com by 0.3% in the 3rd quarter. Sculati Wealth Management LLC now owns 37,930 shares of the e-commerce giant’s stock worth $6,842,000 after acquiring an additional 124 shares in the last quarter. Eaton Financial Holdings Company LLC acquired a new stake in Amazon.com during the 3rd quarter worth about $3,937,000. Anchor Investment Management LLC grew its stake in Amazon.com by 4.7% during the 3rd quarter. Anchor Investment Management LLC now owns 66,237 shares of the e-commerce giant’s stock valued at $12,342,000 after acquiring an additional 2,961 shares in the last quarter. Finally, Tudor Financial Inc. acquired a new position in shares of Amazon.com in the 3rd quarter valued at about $720,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Insider Buying and Selling

In related news, SVP David Zapolsky sold 2,190 shares of the business’s stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total value of $427,050.00. Following the completion of the sale, the senior vice president now owns 62,420 shares of the company’s stock, valued at approximately $12,171,900. The trade was a 3.39 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Jonathan Rubinstein sold 5,004 shares of the business’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $199.85, for a total transaction of $1,000,049.40. Following the completion of the sale, the director now directly owns 99,396 shares of the company’s stock, valued at $19,864,290.60. This represents a 4.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 6,011,423 shares of company stock worth $1,249,093,896. 10.80% of the stock is owned by company insiders.

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.

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.