Rep. David Taylor Unloads Amazon.com, Inc. (NASDAQ:AMZN) Stock

Representative David Taylor (Republican-Ohio) recently sold shares of Amazon.com, Inc. (NASDAQ:AMZN). In a filing disclosed on June 12th, the Representative disclosed that they had sold between $1,001 and $15,000 in Amazon.com stock on June 5th. The trade occurred in the Representative’s “DAVID TAYLOR TRUST > SARDINIA READY MIX 401(K) – DAVE” account.

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

• Purchased $1,001 – $15,000 in shares of American Electric Power (NASDAQ:AEP) on 6/5/2026.
• Purchased $1,001 – $15,000 in shares of Amgen (NASDAQ:AMGN) on 6/5/2026.
• Sold $1,001 – $15,000 in shares of Lam Research (NASDAQ:LRCX) on 6/5/2026.
• Purchased $1,001 – $15,000 in shares of Kroger (NYSE:KR) on 6/5/2026.
• Purchased $1,001 – $15,000 in shares of AT&T (NYSE:T) on 6/5/2026.
• Purchased $1,001 – $15,000 in shares of Alphabet (NASDAQ:GOOGL) on 6/5/2026.
• Purchased $1,001 – $15,000 in shares of Medpace (NASDAQ:MEDP) on 5/15/2026.
• Sold $1,001 – $15,000 in shares of Alphabet (NASDAQ:GOOGL) on 5/15/2026.
• Purchased $1,001 – $15,000 in shares of Home Depot (NYSE:HD) on 5/15/2026.
• Purchased $1,001 – $15,000 in shares of AT&T (NYSE:T) on 5/15/2026.

Amazon.com Stock Performance

Shares of NASDAQ:AMZN traded down $5.57 during midday trading on Thursday, hitting $228.70. The stock had a trading volume of 36,565,417 shares, compared to its average volume of 48,432,266. Amazon.com, Inc. has a 1 year low of $196.00 and a 1 year high of $278.56. The company has a current ratio of 1.18, a quick ratio of 1.01 and a debt-to-equity ratio of 0.27. The stock has a 50 day moving average price of $256.29 and a two-hundred day moving average price of $234.16. The company has a market capitalization of $2.46 trillion, a PE ratio of 27.30, a P/E/G ratio of 1.75 and a beta of 1.44.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Wednesday, April 29th. The e-commerce giant reported $2.78 EPS for the quarter, beating analysts’ consensus estimates of $1.63 by $1.15. Amazon.com had a net margin of 12.22% and a return on equity of 19.92%. The firm had revenue of $181.52 billion during the quarter, compared to the consensus estimate of $177.28 billion. During the same quarter last year, the firm earned $1.59 earnings per share. The firm’s revenue was up 16.6% compared to the same quarter last year. As a group, equities analysts predict that Amazon.com, Inc. will post 7.71 earnings per share for the current fiscal year.

Key Stories Impacting Amazon.com

Here are the key news stories impacting Amazon.com this week:

• Positive Sentiment: Amazon announced an additional $13 billion investment in India, bringing its planned total to $48 billion by 2030, with spending focused on AI, AWS, logistics, and data-center infrastructure. That reinforces the company’s long-term growth strategy in a large, fast-growing market. Reuters: Amazon to invest additional $13 billion in India
• Positive Sentiment: J.P. Morgan reports that Amazon became the largest U.S. retailer by gross merchandise value, highlighting the strength of its selection, pricing, and fast delivery model. PYMNTS: Amazon Unseats Walmart as Top US Retailer
• Positive Sentiment: Several large hedge funds and analysts continue to back Amazon, citing AWS growth, AI opportunities, and relatively attractive valuation levels as reasons to buy the stock on weakness. TipRanks: Amazon stock why these hedge fund heavyweights are piling in
• Neutral Sentiment: Amazon’s eero unit partnered with Kinetic to launch backup Wi‑Fi service, a small but supportive example of Amazon’s hardware and connectivity ecosystem expanding. Quiver: Kinetic Launches AlwaysOn Wi-Fi Powered by eero Signal
• Negative Sentiment: EU regulators said Amazon Web Services may face stricter rules under the Digital Markets Act as a “cloud gatekeeper,” raising the risk of added compliance costs and possible limits on AWS’s competitive flexibility in Europe. Reuters: Amazon, Microsoft cloud computing services should fall under EU tech rules
• Negative Sentiment: Broader investor concern remains centered on Amazon’s heavy spending on AI and infrastructure, which can pressure near-term margins even if it supports longer-term growth. CNBC: Amazon adds new funding lifting India AI and cloud investment

Insider Transactions at Amazon.com

In related news, CEO Matthew S. Garman sold 15,467 shares of the stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $263.40, for a total transaction of $4,074,007.80. Following the completion of the sale, the chief executive officer directly owned 14,159 shares of the company’s stock, valued at $3,729,480.60. This represents a 52.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP David Zapolsky sold 9,270 shares of Amazon.com stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $268.53, for a total value of $2,489,273.10. Following the completion of the transaction, the senior vice president owned 41,190 shares in the company, valued at $11,060,750.70. The trade was a 18.37% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 195,774 shares of company stock valued at $51,614,434 over the last three months. 8.90% of the stock is owned by company insiders.

Institutional Trading of Amazon.com

Several institutional investors and hedge funds have recently bought and sold shares of the company. Basecamp Wealth Advisors LLC raised its holdings in shares of Amazon.com by 0.3% during the first quarter. Basecamp Wealth Advisors LLC now owns 36,403 shares of the e-commerce giant’s stock valued at $7,582,000 after buying an additional 125 shares during the last quarter. Redwood Investment Management LLC lifted its holdings in Amazon.com by 2.3% in the first quarter. Redwood Investment Management LLC now owns 32,445 shares of the e-commerce giant’s stock worth $6,757,000 after purchasing an additional 724 shares during the period. Ballast Advisors LLC grew its position in Amazon.com by 4.1% in the 1st quarter. Ballast Advisors LLC now owns 21,281 shares of the e-commerce giant’s stock valued at $4,432,000 after buying an additional 841 shares in the last quarter. Western Wealth Management LLC raised its position in shares of Amazon.com by 25.3% during the 1st quarter. Western Wealth Management LLC now owns 189,362 shares of the e-commerce giant’s stock worth $39,439,000 after buying an additional 38,238 shares in the last quarter. Finally, Pangea Capital Gestao de Recursos Ltda. acquired a new stake in shares of Amazon.com in the 1st quarter worth approximately $18,999,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Analyst Ratings Changes

AMZN has been the subject of several recent analyst reports. Evercore raised their price objective on shares of Amazon.com from $285.00 to $315.00 and gave the company an “outperform” rating in a research note on Thursday, April 30th. Bank of America increased their target price on shares of Amazon.com from $298.00 to $310.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Jefferies Financial Group reiterated a “buy” rating on shares of Amazon.com in a research report on Thursday, June 18th. William Blair reissued an “outperform” rating on shares of Amazon.com in a research note on Thursday, April 9th. Finally, Robert W. Baird upped their price target on Amazon.com from $285.00 to $300.00 and gave the stock an “outperform” rating in a report on Thursday, April 30th. Fifty-seven investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Amazon.com has an average rating of “Moderate Buy” and a consensus target price of $312.78.

About Representative Taylor

David Taylor (Republican Party) is a member of the U.S. House, representing Ohio’s 2nd Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.

Taylor (Republican Party) ran for election to the U.S. House to represent Ohio’s 2nd Congressional District. He won in the general election on November 5, 2024.

David Taylor graduated from Amelia High School. Taylor earned degrees from Miami University (Ohio) and the University of Dayton School of Law. Taylor’s career experience includes working as an attorney and as a businessman at Sardinia Ready Mix, Inc.

Amazon.com Company Profile

Amazon.com, Inc is a diversified technology and retail company best known for its e-commerce marketplace and broad portfolio of consumer and enterprise services. Founded by Jeff Bezos in 1994 and headquartered in Seattle, Washington, the company launched as an online bookseller and expanded into a global retail platform that sells products directly to consumers and provides a marketplace for third-party sellers. Over time Amazon has grown beyond retail into areas including cloud computing, digital media, devices and logistics.

Key businesses and offerings include Amazon’s online marketplace and fulfillment services, the Amazon Prime membership program (which bundles expedited shipping with streaming and other benefits), Amazon Web Services (AWS) which supplies on-demand cloud computing and storage to businesses and public-sector customers, and a range of content and advertising services such as Prime Video and Amazon Advertising.