Rep. Robert Bresnahan, Jr. Sells Off Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Representative Robert Bresnahan, Jr. (R-Pennsylvania) recently sold shares of Amazon.com, Inc. (NASDAQ:AMZN). In a filing disclosed on April 22nd, the Representative disclosed that they had sold between $1,001 and $15,000 in Amazon.com stock on April 3rd. The trade occurred in the Representative’s “JP MORGAN BROKERAGE ACCOUNT #2” account.

Representative Robert Bresnahan, Jr. also recently made the following trade(s):

• Sold $1,001 – $15,000 in shares of Reddit (NYSE:RDDT) on 4/4/2025.
• Purchased $1,001 – $15,000 in shares of Okta (NASDAQ:OKTA) on 4/4/2025.
• Sold $1,001 – $15,000 in shares of Cloudflare (NYSE:NET) on 4/4/2025.
• Sold $1,001 – $15,000 in shares of SanDisk (NASDAQ:SNDK) on 4/4/2025.
• Sold $1,001 – $15,000 in shares of Robinhood Markets (NASDAQ:HOOD) on 4/3/2025.
• Purchased $1,001 – $15,000 in shares of Microsoft (NASDAQ:MSFT) on 4/3/2025.
• Sold $1,001 – $15,000 in shares of Broadcom (NASDAQ:AVGO) on 4/3/2025.
• Sold $1,001 – $15,000 in shares of Shopify (NYSE:SHOP) on 4/3/2025.
• Sold $1,001 – $15,000 in shares of Meta Platforms (NASDAQ:META) on 4/2/2025.
• Purchased $1,001 – $15,000 in shares of Intuit (NASDAQ:INTU) on 4/1/2025.

Amazon.com Price Performance

Amazon.com stock opened at $180.84 on Thursday. The firm has a market cap of $1.92 trillion, a P/E ratio of 32.70, a P/E/G ratio of 1.50 and a beta of 1.39. The stock’s 50 day moving average is $195.11 and its 200 day moving average is $207.66. 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, Inc. has a one year low of $151.61 and a one year high of $242.52.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share (EPS) for the quarter, topping 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%. As a group, research analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of AMZN. Atala Financial Inc lifted its stake in Amazon.com by 3.4% in the first quarter. Atala Financial Inc now owns 12,653 shares of the e-commerce giant’s stock valued at $2,409,000 after purchasing an additional 414 shares during the last quarter. Balefire LLC lifted its position in shares of Amazon.com by 63.2% during the 1st quarter. Balefire LLC now owns 15,167 shares of the e-commerce giant’s stock valued at $2,886,000 after buying an additional 5,876 shares during the last quarter. Western Financial Corp CA lifted its position in shares of Amazon.com by 5.0% during the 1st quarter. Western Financial Corp CA now owns 2,923 shares of the e-commerce giant’s stock valued at $556,000 after buying an additional 139 shares during the last quarter. KPP Advisory Services LLC grew its stake in shares of Amazon.com by 22.2% during the 1st quarter. KPP Advisory Services LLC now owns 46,738 shares of the e-commerce giant’s stock worth $8,892,000 after acquiring an additional 8,493 shares during the period. Finally, Goldstein Advisors LLC increased its holdings in Amazon.com by 19.0% in the 1st quarter. Goldstein Advisors LLC now owns 11,957 shares of the e-commerce giant’s stock worth $2,275,000 after acquiring an additional 1,909 shares during the last quarter. 72.20% of the stock is owned by institutional investors.

Insider Activity at Amazon.com

In other Amazon.com news, CEO Douglas J. Herrington sold 2,500 shares of the business’s stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $187.99, for a total transaction 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 position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP David Zapolsky sold 19,212 shares of the firm’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $217.50, for a total value of $4,178,610.00. Following the completion of the transaction, the senior vice president now directly owns 49,950 shares of the company’s stock, valued at $10,864,125. The trade was a 27.78 % 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 worth $23,341,803. Company insiders own 10.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Benchmark increased their price target on Amazon.com from $215.00 to $265.00 and gave the stock a “buy” rating in a report on Tuesday, February 4th. Wolfe Research raised their target price on Amazon.com from $250.00 to $270.00 and gave the stock an “outperform” rating in a research note on Friday, January 3rd. Scotiabank lowered their target price on Amazon.com from $306.00 to $250.00 and set a “sector outperform” rating for the company in a report on Monday. Rosenblatt Securities increased their price target on Amazon.com from $236.00 to $287.00 and gave the stock a “buy” rating in a report on Friday, February 7th. Finally, Cantor Fitzgerald lowered their price objective on shares of Amazon.com from $270.00 to $230.00 and set an “overweight” rating for the company in a research note on Wednesday, April 16th. Two analysts have rated the stock with a hold rating and forty-five have assigned a buy rating to the company’s stock. According to MarketBeat, Amazon.com presently has a consensus rating of “Moderate Buy” and a consensus target price of $247.56.

About Representative Bresnahan

Rob Bresnahan Jr. (Republican Party) is a member of the U.S. House, representing Pennsylvania’s 8th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.

Bresnahan (Republican Party) is running for re-election to the U.S. House to represent Pennsylvania’s 8th Congressional District. He declared candidacy for the 2026 election.

Rob Bresnahan Jr. was born in Kingston, Pennsylvania. He earned a B.S. in business administration, management and operations from the University of Scranton in 2012. His career experience includes working as the chief financial officer and CEO of a family business, an electrical contracting company.

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.