Amazon.com (NASDAQ:AMZN) Stock Sold Off by Rep. Pete Sessions

Representative Pete Sessions (Republican-Texas) recently sold shares of Amazon.com, Inc. (NASDAQ:AMZN). In a filing disclosed on October 27th, the Representative disclosed that they had sold between $100,001 and $250,000 in Amazon.com stock on October 2nd. The trade occurred in the Representative’s “TRUST ONE” account.

Representative Pete Sessions also recently made the following trade(s):

• Sold $1,001 – $15,000 in shares of Walt Disney (NYSE:DIS) on 10/28/2026.
• Sold $15,001 – $50,000 in shares of Amazon.com (NASDAQ:AMZN) on 10/27/2026.
• Sold $1,001 – $15,000 in shares of McDonald’s (NYSE:MCD) on 10/27/2026.
• Sold $15,001 – $50,000 in shares of Lowe’s Companies (NYSE:LOW) on 10/22/2026.
• Sold $1,001 – $15,000 in shares of Home Depot (NYSE:HD) on 10/22/2026.
• Sold $1,001 – $15,000 in shares of Solstice Advanced Mat (NASDAQ:SOLS) on 10/21/2026.
• Sold $1,001 – $15,000 in shares of PepsiCo (NASDAQ:PEP) on 10/21/2026.
• Sold $0 – $1,000 in shares of Resideo Technologies (NYSE:REZI) on 10/21/2026.
• Sold $1,001 – $15,000 in shares of International Business Machines (NYSE:IBM) on 10/20/2026.
• Sold $15,001 – $50,000 in shares of Berkshire Hathaway (NYSE:BRK.B) on 10/15/2026.

Amazon.com Stock Up 0.6%

AMZN opened at $254.60 on Thursday. Amazon.com, Inc. has a fifty-two week low of $196.00 and a fifty-two week high of $287.20. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.03 and a quick ratio of 0.87. The firm’s fifty day moving average price is $255.11 and its two-hundred day moving average price is $243.14. The company has a market capitalization of $2.75 trillion, a P/E ratio of 20.48, a P/E/G ratio of 2.04 and a beta of 1.45.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, July 30th. The e-commerce giant reported $5.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.82 by $3.93. The company had revenue of $200.61 billion during the quarter, compared to analysts’ expectations of $197.03 billion. Amazon.com had a net margin of 17.44% and a return on equity of 18.00%. The business’s revenue was up 19.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.68 EPS. On average, analysts anticipate that Amazon.com, Inc. will post 7.55 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. State Street Corp boosted its holdings in Amazon.com by 5.5% during the second quarter. State Street Corp now owns 411,848,346 shares of the e-commerce giant’s stock worth $95,504,904,000 after purchasing an additional 21,398,025 shares during the last quarter. Bank of America Corp DE bought a new stake in Amazon.com during the 2nd quarter worth about $22,218,775,000. Bank of New York Mellon Corp acquired a new position in shares of Amazon.com during the 2nd quarter worth about $16,341,405,000. Amundi boosted its stake in shares of Amazon.com by 3.9% during the 2nd quarter. Amundi now owns 63,822,242 shares of the e-commerce giant’s stock worth $15,211,393,000 after buying an additional 2,421,739 shares during the last quarter. Finally, Legal & General Group Plc bought a new position in shares of Amazon.com in the 2nd quarter valued at about $12,831,376,000. 72.20% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on AMZN shares. Needham & Company LLC reissued a “buy” rating and issued a $300.00 target price on shares of Amazon.com in a research note on Friday, July 31st. Morgan Stanley restated an “overweight” rating and set a $350.00 price target (up from $335.00) on shares of Amazon.com in a research note on Monday, October 19th. Evercore set a $355.00 price objective on Amazon.com and gave the company an “outperform” rating in a report on Friday, August 28th. Wells Fargo & Company set a $329.00 price objective on Amazon.com and gave the company an “overweight” rating in a research note on Monday, October 12th. Finally, Citigroup reiterated a “market outperform” rating on shares of Amazon.com in a research note on Friday, August 14th. Fifty-seven analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $325.12.

Insider Buying and Selling

In related news, CEO Matthew Garman sold 14,541 shares of the stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $259.06, for a total transaction of $3,766,991.46. Following the completion of the transaction, the chief executive officer directly owned 17,794 shares of the company’s stock, valued at approximately $4,609,713.64. This represents a 44.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP David Zapolsky sold 9,258 shares of the firm’s stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $259.77, for a total value of $2,404,950.66. Following the completion of the transaction, the senior vice president owned 41,190 shares of the company’s stock, valued at approximately $10,699,926.30. This represents a 18.35% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 71,589 shares of company stock worth $18,580,515 over the last three months. Company insiders own 8.90% of the company’s stock.

Amazon.com News Summary

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

• Positive Sentiment: AWS growth is the key bullish catalyst. Analysts expect Amazon Web Services to lead the quarter, supported by accelerating cloud demand, AI partnerships and a reported capacity backlog extending through much of next year. UBS believes Wall Street may be underestimating AWS’s profitability. UBS AWS earnings analysis
• Positive Sentiment: Amazon’s AI infrastructure position could support long-term growth. Demand for computing, memory and data-center power remains strong, while Amazon’s investment in Anthropic and its planned Globalstar acquisition could expand its AI and satellite-connectivity opportunities. The FCC approved the $11.5 billion Globalstar transaction, strengthening Amazon Leo’s challenge to SpaceX’s Starlink. Reuters Globalstar approval article
• Positive Sentiment: Valuation and earnings expectations are attracting bullish attention. Several analysts describe AMZN as attractive ahead of earnings, citing AWS growth, advertising potential and a forward valuation near the low end of its recent range. Options markets, however, imply a sizable post-earnings move. Amazon earnings valuation analysis
• Neutral Sentiment: Third-quarter results are the immediate focus. Investors will watch AWS revenue growth, operating margins, advertising, free cash flow and management’s capital-expenditure outlook when Amazon reports after the close on October 29. Amazon earnings preview
• Negative Sentiment: Massive AI spending remains the principal risk. Forecasts indicate Amazon’s 2026 capital expenditures could exceed $200 billion, raising concerns about near-term free cash flow, depreciation and margins. Reports that Alexa+ may cost roughly $1.7 billion this year and that engineers were urged to limit unnecessary AI usage reinforce concerns about rising costs.
• Negative Sentiment: AI shopping agents could weaken Amazon’s retail advantage. Investor Gene Munster warned that personalized bots may become the starting point for online purchases, potentially challenging Amazon’s search, discovery and customer-relationship advantages. Gene Munster AI competition article

About Representative Sessions

Pete Sessions (Republican Party) is a member of the U.S. House, representing Texas’ 17th Congressional District. He assumed office on January 3, 2021. His current term ends on January 3, 2027.

Sessions (Republican Party) ran for re-election to the U.S. House to represent Texas’ 17th Congressional District. He won in the general election on November 5, 2024.

On October 20, 2023, Sessions announced he was running to replace Kevin McCarthy (R) as speaker of the U.S. House in the 118th Congress. Sessions lost the first round of nomination voting on October 24, 2023.

Pete Sessions was born and lives in Waco, Texas. Sessions earned a B.S. from Southwestern University in 1978. Sessions’ career experience includes working as an executive with AT&T.

Amazon.com Company Profile

Amazon.com, Inc is a global technology and e-commerce company founded by Jeff Bezos in 1994. Originally launched as an online bookstore, the company has expanded into a broad digital marketplace offering consumer products across numerous categories, including electronics, household goods, apparel, groceries and other merchandise. Amazon also sells products under its own brands and provides logistics, fulfillment and delivery services that support its retail operations and third-party sellers.

The company’s principal businesses include online and physical retail, Amazon Web Services (AWS), digital advertising, subscription services and consumer technology.