Rep. Michael A. Rulli Sells Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Representative Michael A. Rulli (Republican-Ohio) recently sold shares of Amazon.com, Inc. (NASDAQ:AMZN). In a filing disclosed on August 07th, the Representative disclosed that they had sold between $1,001 and $15,000 in Amazon.com stock on June 25th. The trade occurred in the Representative’s “MERRILL LYNCH MANAGED ACCOUNT” account.

Representative Michael A. Rulli also recently made the following trade(s):

• Sold $1,001 – $15,000 in shares of Crown Castle (NYSE:CCI) on 8/6/2026.
• Sold $1,001 – $15,000 in shares of Eli Lilly and Company (NYSE:LLY) on 7/1/2026.
• Purchased $1,001 – $15,000 in shares of KLA (NASDAQ:KLAC) on 7/1/2026.
• Purchased $1,001 – $15,000 in shares of Alphabet (NASDAQ:GOOGL) on 6/29/2026.
• Purchased $1,001 – $15,000 in shares of Micron Technology (NASDAQ:MU) on 6/25/2026.
• Purchased $1,001 – $15,000 in shares of Alphabet (NASDAQ:GOOGL) on 6/25/2026.
• Sold $1,001 – $15,000 in shares of Microsoft (NASDAQ:MSFT) on 6/25/2026.
• Purchased $1,001 – $15,000 in shares of NVIDIA (NASDAQ:NVDA) on 6/25/2026.
• Sold $1,001 – $15,000 in shares of Apple (NASDAQ:AAPL) on 6/25/2026.

Amazon.com Stock Down 1.3%

Shares of NASDAQ:AMZN traded down $3.54 during trading on Tuesday, reaching $274.55. The stock had a trading volume of 5,992,817 shares, compared to its average volume of 49,807,891. The firm’s 50-day simple moving average is $246.69 and its 200 day simple moving average is $237.78. The company has a current ratio of 1.03, a quick ratio of 0.87 and a debt-to-equity ratio of 0.23. Amazon.com, Inc. has a one year low of $196.00 and a one year high of $287.20. The company has a market capitalization of $2.96 trillion, a P/E ratio of 22.08, a PEG ratio of 1.83 and a beta of 1.45.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, July 30th. The e-commerce giant reported $5.75 EPS for the quarter, topping the consensus estimate of $1.82 by $3.93. The firm had revenue of $200.61 billion during the quarter, compared to analyst estimates of $197.03 billion. Amazon.com had a net margin of 17.44% and a return on equity of 18.00%. Amazon.com’s revenue was up 19.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.68 EPS. As a group, research analysts expect that Amazon.com, Inc. will post 8.05 EPS for the current fiscal year.

More Amazon.com News

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

• Positive Sentiment: AWS AI demand remains the key catalyst. Hinde Group increased its Amazon position, citing AI-capacity bottlenecks and a large enterprise backlog in AWS—signals that demand may be outpacing available infrastructure. Hinde Group Boosts Amazon.com Amid AI Capacity Bottlenecks and High Enterprise Backlog in AWS
• Positive Sentiment: Analysts are raising earnings expectations. Erste Group lifted its FY2027 EPS forecast to $10.36 from $10.11, adding to the bullish view that AWS growth and AI spending can support continued earnings acceleration. The broader analyst consensus remains “Moderate Buy.” Amazon Receives Consensus Recommendation of Moderate Buy
• Positive Sentiment: Zoox has begun commercial operations. Amazon’s autonomous-vehicle unit launched paid robotaxi rides in Las Vegas after receiving a first-of-its-kind NHTSA exemption. The rollout provides a potential long-term growth opportunity beyond retail and cloud computing. Zoox to Begin Paid Rides Following Regulatory Approval
• Positive Sentiment: Market momentum remains strong. Investors and analysts continue to highlight Amazon’s $3 trillion market capitalization, AWS growth and post-earnings breakout as reasons the rally could continue. Amazon: A Post-Earnings Drift Candidate

Insider Buying and Selling

In related news, CEO Andrew R. Jassy sold 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $263.42, for a total transaction of $5,268,400.00. Following the completion of the sale, the chief executive officer owned 2,205,766 shares of the company’s stock, valued at $581,042,879.72. This trade represents a 0.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Matthew S. Garman sold 15,467 shares of the business’s stock in a transaction dated 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 transaction, the chief executive officer owned 14,159 shares in the company, valued at approximately $3,729,480.60. The trade was a 52.21% 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 a total of 77,867 shares of company stock valued at $20,532,092 over the last quarter. 8.90% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Amazon.com

Institutional investors have recently added to or reduced their stakes in the stock. Gryphon Financial Partners LLC increased its position in Amazon.com by 7.5% during the 1st quarter. Gryphon Financial Partners LLC now owns 73,085 shares of the e-commerce giant’s stock worth $15,221,000 after purchasing an additional 5,125 shares in the last quarter. First Citizens Bank & Trust Co. raised its holdings in Amazon.com by 1.7% in the 1st quarter. First Citizens Bank & Trust Co. now owns 303,862 shares of the e-commerce giant’s stock valued at $63,285,000 after buying an additional 5,104 shares during the last quarter. Narwhal Capital Management boosted its position in Amazon.com by 2.3% during the 4th quarter. Narwhal Capital Management now owns 216,606 shares of the e-commerce giant’s stock worth $49,997,000 after buying an additional 4,854 shares during the period. Arrowstreet Capital Limited Partnership boosted its position in Amazon.com by 21.0% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 24,653,228 shares of the e-commerce giant’s stock worth $5,690,463,000 after buying an additional 4,275,942 shares during the period. Finally, Weaver Capital Management LLC grew its holdings in Amazon.com by 13.6% during the 4th quarter. Weaver Capital Management LLC now owns 39,264 shares of the e-commerce giant’s stock worth $9,063,000 after acquiring an additional 4,713 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on AMZN shares. Truist Financial raised their price objective on Amazon.com from $320.00 to $350.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. Oppenheimer reiterated an “outperform” rating on shares of Amazon.com in a research report on Friday, July 31st. Pivotal Research reiterated a “buy” rating and issued a $333.00 price target (up from $320.00) on shares of Amazon.com in a report on Friday, July 31st. Mizuho set a $330.00 price objective on Amazon.com and gave the company an “outperform” rating in a report on Friday, July 31st. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $325.00 price target (up from $315.00) on shares of Amazon.com in a research report on Friday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, fifty-six have issued a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $322.56.

About Representative Rulli

Michael Rulli (Republican Party) is a member of the U.S. House, representing Ohio’s 6th Congressional District. He assumed office on June 25, 2024. His current term ends on January 3, 2027.

Rulli (Republican Party) is running for re-election to the U.S. House to represent Ohio’s 6th Congressional District. He declared candidacy for the 2026 election.

Michael Rulli graduated from Poland Seminary High School. He earned a degree from Emerson College. Rulli’s career experience includes working as the director of operations with Rulli Bros. Markets.

About Amazon.com

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.