C. Scott Franklin's Investment in Amazon.com Shares

Representative C. Scott Franklin, a Republican from Florida, has made headlines recently by purchasing shares of Amazon.com, Inc. (NASDAQ:AMZN). Franklin reported this investment through a filing made on March 18th, revealing that he acquired between $50,001 and $100,000 worth of Amazon stock on February 26th. This transaction took place within his "FIDELITY TRADITIONAL IRA" account.

In addition to this purchase, Representative Franklin has engaged in several other transactions recently:

• Acquired shares of Amazon.com valued between $1,001 and $15,000 on February 26, 2025.
• Acquired shares of Lockheed Martin (NYSE:LMT) between $15,001 and $50,000 on February 18, 2025.
• Purchased additional shares of Lockheed Martin between $1,001 and $15,000 also on February 18, 2025.
• Sold shares of The Baldwin Insurance Group (NASDAQ:BWIN) worth between $1,000,001 and $5,000,000 on February 7, 2025.
• Sold shares of The Baldwin Insurance Group between $15,001 and $50,000 on February 6, 2025.
• Sold shares of Costco Wholesale (NASDAQ:COST) between $50,001 and $100,000 and between $1,001 and $15,000 on January 28, 2025.

Current Status of Amazon.com Shares

As of Friday, Amazon.com shares were priced at $194.95. The stock has seen a 1-year low of $151.61 and a high of $242.52. Presently, the company holds a market capitalization of $2.07 trillion with a price-to-earnings ratio of 35.25. Its 50-day moving average was recorded at $219.36, while the 200-day moving average stood at $207.85. Additionally, Amazon has a debt-to-equity ratio of 0.18 and a return on equity of 24.25%, with expectations of posting an earnings per share (EPS) of 6.31 for the current year.

Institutional Investments in Amazon.com

Recent investment trends show significant movement among large investors regarding Amazon.com. For instance, M1 Capital Management LLC established a position worth $2,307,000 in the 4th quarter, while DSG Capital Advisors LLC made a new investment of $10,526,000 in the same period. Other notable changes include Chancellor Financial Group WB LP investing $5,193,000, and Triton Wealth Management PLLC increasing its holdings by 0.5%, now owning approximately 30,489 shares valued at $6,266,000. Overall, institutional investors and hedge funds currently hold 72.20% of Amazon’s stock.

Wall Street Analysts’ Opinions

Analysts from various brokerages have weighed in on Amazon.com. Recently, JPMorgan Chase & Co. raised their price target from $250.00 to $280.00 with an “overweight” rating. Cantor Fitzgerald also maintained an “overweight” rating with a price target of $270.00. Similarly, HSBC increased their price target from $225.00 to $270.00, and Jefferies Financial Group raised theirs from $235.00 to $275.00. The consensus now indicates a “Moderate Buy” rating for Amazon.com, with an average target price of $260.65.

Insider Trading Activities

In the latest news from the company, CEO Andrew R. Jassy sold 20,784 shares on February 21st at an average price of $220.65, totaling $4,585,989.60. After this sale, he retains ownership of 2,118,886 shares, valued at about $467,532,195.90. Additionally, CEO Douglas J. Herrington sold 27,500 shares on February 12th, realizing $6,332,425.00 from the sale. Insiders have collectively sold 102,298 shares worth $22,871,828 over the past three months, indicating various levels of portfolio adjustments within the company. Insiders collectively own 10.80% of Amazon.com’s stock.

About Representative C. Scott Franklin

Scott Franklin serves as a member of the U.S. House, representing Florida’s 18th Congressional District since assuming office on January 3, 2023. He is currently running for re-election for a position that ends on January 3, 2027. Born in Thomaston, Georgia, Franklin graduated from Lakeland High School and served in the U.S. Navy from 1986 to 2000. He holds a B.S. from the United States Naval Academy and an MBA from Embry-Riddle Aeronautical University. His career includes owning an insurance agency and serving as a naval aviator.

Overview of Amazon.com, Inc.

Amazon.com, Inc. operates in various sectors, including retail sales of consumer products, advertising, and subscription services, both online and in physical stores globally. The company is segmented into North America, International, and Amazon Web Services (AWS). It also manufactures electronic devices, offering products such as Kindle, Fire tablets, Fire TVs, Echo, and Ring, while being involved in media content production.

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