Rep. Dwight Evans Purchases Shares of Amazon.com, Inc. (NASDAQ:AMZN)
Amazon.com (NASDAQ:AMZN – Get Free Report) last issued its earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.52 by $0.34. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. As a group, research analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current year.
In related news, CEO Andrew R. Jassy sold 20,784 shares of Amazon.com stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $220.65, for a total value of $4,585,989.60. Following the transaction, the chief executive officer now directly owns 2,118,886 shares of the company’s stock, valued at $467,532,195.90. This trade represents a 0.97 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Douglas J. Herrington sold 2,500 shares of the company’s stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $187.99, for a total value of $469,975.00. Following the sale, the chief executive officer now owns 509,474 shares of the company’s stock, valued at $95,776,017.26. The trade was a 0.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 104,798 shares of company stock valued at $23,341,803. 10.80% of the stock is owned by corporate insiders.
Several institutional investors have recently added to or reduced their stakes in AMZN. Castlekeep Investment Advisors LLC bought a new stake in Amazon.com in the 4th quarter valued at about $25,000. Accordant Advisory Group Inc grew its position in Amazon.com by 400.0% during the fourth quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant’s stock worth $27,000 after buying an additional 100 shares in the last quarter. Prudent Man Investment Management Inc. acquired a new stake in Amazon.com during the fourth quarter worth approximately $27,000. Icon Wealth Advisors LLC raised its holdings in Amazon.com by 20.5% in the 3rd quarter. Icon Wealth Advisors LLC now owns 150,661 shares of the e-commerce giant’s stock valued at $28,000 after acquiring an additional 25,581 shares in the last quarter. Finally, LSV Asset Management bought a new stake in shares of Amazon.com during the 4th quarter valued at $35,000. 72.20% of the stock is currently owned by institutional investors.
A number of research firms recently commented on AMZN. Loop Capital upped their price objective on Amazon.com from $275.00 to $285.00 and gave the company a “buy” rating in a report on Wednesday, February 12th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $275.00 price target on shares of Amazon.com in a research note on Friday, February 7th. Piper Sandler reiterated an “overweight” rating and issued a $265.00 price target (up from $225.00) on shares of Amazon.com in a research report on Friday, February 7th. JPMorgan Chase & Co. decreased their price objective on shares of Amazon.com from $270.00 to $220.00 and set an “overweight” rating for the company in a report on Tuesday, April 8th. Finally, HSBC increased their target price on shares of Amazon.com from $225.00 to $270.00 and gave the stock a “buy” rating in a report on Monday, January 13th. Two analysts have rated the stock with a hold rating, forty-four have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $252.73.
Read Our Latest Stock Report on Amazon.com
Dwight Evans (Democratic Party) is a member of the U.S. House, representing Pennsylvania’s 3rd Congressional District. He assumed office on January 3, 2019. His current term ends on January 3, 2027.
Evans (Democratic Party) is running for re-election to the U.S. House to represent Pennsylvania’s 3rd Congressional District. He declared candidacy for the 2026 election.
Evans earned his A.A. from the Community College of Philadelphia in 1973 and his bachelor’s degree from La Salle College in 1975. He then attended Graduate Work at Temple University from 1975 to 1976. His professional experience includes working as an employment counselor/job developer for the Urban League of Philadelphia and as a teacher in the Philadelphia Public School System.
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.
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