Amazon.com (NASDAQ:AMZN) Shares Acquired Rep. C. Scott Franklin

Representative C. Scott Franklin (R-Florida) recently bought shares of Amazon.com, Inc. (NASDAQ:AMZN). In a filing disclosed on March 18th, the Representative disclosed that they had bought between $50,001 and $100,000 in Amazon.com stock on February 26th. The trade occurred in the Representative’s “FIDELITY TRADITIONAL IRA” account.

Representative C. Scott Franklin also recently made the following trade(s):

• Purchased $1,001 – $15,000 in shares of Amazon.com (NASDAQ:AMZN) on 2/26/2025.
• Purchased $15,001 – $50,000 in shares of Lockheed Martin (NYSE:LMT) on 2/18/2025.
• Purchased $1,001 – $15,000 in shares of Lockheed Martin (NYSE:LMT) on 2/18/2025.
• Sold $1,000,001 – $5,000,000 in shares of The Baldwin Insurance Group (NASDAQ:BWIN) on 2/7/2025.
• Sold $15,001 – $50,000 in shares of The Baldwin Insurance Group (NASDAQ:BWIN) on 2/6/2025.
• Sold $50,001 – $100,000 in shares of Costco Wholesale (NASDAQ:COST) on 1/28/2025.
• Sold $1,001 – $15,000 in shares of Costco Wholesale (NASDAQ:COST) on 1/28/2025.

Amazon.com Trading Down 0.3 %

Shares of AMZN opened at $194.95 on Friday. Amazon.com, Inc. has a 1-year low of $151.61 and a 1-year high of $242.52. The company has a 50-day moving average of $219.36 and a 200 day moving average of $207.85. The firm has a market capitalization of $2.07 trillion, a price-to-earnings ratio of 35.25, a PEG ratio of 1.50 and a beta of 1.19. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.87.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share for the quarter, beating analysts’ consensus estimates of $1.52 by $0.34. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. On average, research analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current year.

Hedge Funds Weigh In On Amazon.com

Several large investors have recently made changes to their positions in the company. M1 Capital Management LLC acquired a new position in shares of Amazon.com in the 4th quarter valued at $2,307,000. DSG Capital Advisors LLC acquired a new position in shares of Amazon.com in the 4th quarter valued at $10,526,000. Chancellor Financial Group WB LP acquired a new position in shares of Amazon.com in the 4th quarter valued at $5,193,000. Triton Wealth Management PLLC lifted its stake in shares of Amazon.com by 0.5% in the 4th quarter. Triton Wealth Management PLLC now owns 30,489 shares of the e-commerce giant’s stock valued at $6,266,000 after purchasing an additional 165 shares during the period. Finally, CWC Advisors LLC. lifted its stake in shares of Amazon.com by 3.1% in the 4th quarter. CWC Advisors LLC. now owns 1,872 shares of the e-commerce giant’s stock valued at $411,000 after purchasing an additional 56 shares during the period. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on AMZN. JPMorgan Chase & Co. lifted their price objective on shares of Amazon.com from $250.00 to $280.00 and gave the company an “overweight” rating in a report on Wednesday, December 18th. Cantor Fitzgerald restated an “overweight” rating and issued a $270.00 price target on shares of Amazon.com in a report on Friday, February 7th. HSBC boosted their price target on shares of Amazon.com from $225.00 to $270.00 and gave the company a “buy” rating in a report on Monday, January 13th. Jefferies Financial Group boosted their price target on shares of Amazon.com from $235.00 to $275.00 and gave the company a “buy” rating in a report on Monday, December 16th. Finally, Maxim Group boosted their price target on shares of Amazon.com from $260.00 to $280.00 and gave the company a “buy” rating in a report on Friday, February 7th. Two analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Amazon.com presently has an average rating of “Moderate Buy” and an average target price of $260.65.

Insider Activity at Amazon.com

In other Amazon.com news, CEO Andrew R. Jassy sold 20,784 shares of the company’s stock in a transaction on Friday, February 21st. The shares were sold at an average price of $220.65, for a total transaction of $4,585,989.60. Following the completion of the transaction, the chief executive officer now directly owns 2,118,886 shares in the company, valued at approximately $467,532,195.90. This represents a 0.97 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Douglas J. Herrington sold 27,500 shares of the company’s stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $230.27, for a total transaction of $6,332,425.00. Following the transaction, the chief executive officer now owns 497,067 shares of the company’s stock, valued at $114,459,618.09. This represents a 5.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 102,298 shares of company stock worth $22,871,828 in the last three months. Company insiders own 10.80% of the company’s stock.

About Representative Franklin

Scott Franklin (Republican Party) is a member of the U.S. House, representing Florida’s 18th Congressional District. He assumed office on January 3, 2023. His current term ends on January 3, 2027.

Franklin (Republican Party) is running for re-election to the U.S. House to represent Florida’s 18th Congressional District. He declared candidacy for the 2026 election.

Scott Franklin was born in Thomaston, Georgia. Franklin graduated from Lakeland High School. He served in the U.S. Navy from 1986 to 2000 and the U.S. Navy Reserve from 2000 to 2012.

Franklin earned a B.S. from the United States Naval Academy in 1986 and an M.B.A. from Embry-Riddle Aeronautical University in 1994. Franklin’s career experience includes owning an insurance agency and working as a naval aviator with the U.S. Navy.

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.