Rep. Matthew Robert Van Epps Unloads Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Representative Matthew Robert Van Epps (Republican-Tennessee) recently sold shares of Amazon.com, Inc. (NASDAQ:AMZN). In a filing disclosed on June 17th, the Representative disclosed that they had sold between $1,001 and $15,000 in Amazon.com stock on June 16th. The trade occurred in the Representative’s “SCHWAB ONE ACCOUNT” account.

Representative Matthew Robert Van Epps also recently made the following trade(s):

• Sold $1,001 – $15,000 in shares of NVIDIA (NASDAQ:NVDA) on 6/16/2026.
• Sold $1,001 – $15,000 in shares of Southwest Airlines (NYSE:LUV) on 6/16/2026.
• Sold $1,001 – $15,000 in shares of Alphabet (NASDAQ:GOOGL) on 6/16/2026.
• Sold $1,001 – $15,000 in shares of Microsoft (NASDAQ:MSFT) on 6/16/2026.
• Sold $15,001 – $50,000 in shares of Tapestry (NYSE:TPR) on 6/16/2026.
• Sold $1,001 – $15,000 in shares of Apple (NASDAQ:AAPL) on 6/16/2026.
• Sold $1,001 – $15,000 in shares of ExxonMobil (NYSE:XOM) on 6/16/2026.
• Sold $1,001 – $15,000 in shares of GE Aerospace (NYSE:GE) on 6/16/2026.
• Sold $1,001 – $15,000 in shares of GE Vernova (NYSE:GEV) on 6/16/2026.
• Sold $1,001 – $15,000 in shares of Intel (NASDAQ:INTC) on 6/16/2026.

Amazon.com Trading Down 2.4%

AMZN stock traded down $5.57 during midday trading on Thursday, reaching $228.70. 36,565,417 shares of the company’s stock traded hands, compared to its average volume of 48,432,266. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.18 and a quick ratio of 1.01. Amazon.com, Inc. has a fifty-two week low of $196.00 and a fifty-two week high of $278.56. The business 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 P/E ratio of 27.30, a PEG ratio of 1.75 and a beta of 1.44.

Amazon.com (NASDAQ:AMZN) last issued its earnings results 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 business had revenue of $181.52 billion for the quarter, compared to the consensus estimate of $177.28 billion. During the same quarter last year, the firm posted $1.59 EPS. The business’s revenue for the quarter was up 16.6% compared to the same quarter last year. Equities research analysts forecast that Amazon.com, Inc. will post 7.71 EPS for the current fiscal year.

Insider Activity

In other Amazon.com news, CEO Andrew R. Jassy sold 20,000 shares of the business’s stock in a transaction 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 transaction, the chief executive officer owned 2,205,766 shares in the company, valued at approximately $581,042,879.72. The trade was a 0.90% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Matthew S. Garman sold 15,467 shares of Amazon.com 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 sale, the chief executive officer owned 14,159 shares in the company, valued at approximately $3,729,480.60. This represents 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 195,774 shares of company stock worth $51,614,434 over the last ninety days. 8.90% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Amazon.com

Several institutional investors and hedge funds have recently bought and sold shares of the business. MilWealth Group LLC boosted its holdings in shares of Amazon.com by 79.0% during the fourth quarter. MilWealth Group LLC now owns 179 shares of the e-commerce giant’s stock valued at $41,000 after acquiring an additional 79 shares during the period. Lifetime Wealth Management P.C. bought a new position in Amazon.com in the 4th quarter worth about $45,000. Elkhorn Partners Limited Partnership increased its stake in shares of Amazon.com by 900.0% in the fourth quarter. Elkhorn Partners Limited Partnership now owns 200 shares of the e-commerce giant’s stock valued at $46,000 after purchasing an additional 180 shares during the period. Fairway Wealth LLC boosted its position in shares of Amazon.com by 95.6% during the fourth quarter. Fairway Wealth LLC now owns 221 shares of the e-commerce giant’s stock worth $51,000 after buying an additional 108 shares during the period. Finally, Prudent Man Investment Management Inc. grew its holdings in Amazon.com by 87.7% in the 4th quarter. Prudent Man Investment Management Inc. now owns 229 shares of the e-commerce giant’s stock worth $53,000 after buying an additional 107 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on AMZN shares. Maxim Group boosted their price target on Amazon.com from $290.00 to $315.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Morgan Stanley upped their target price on shares of Amazon.com from $300.00 to $330.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th. TD Cowen reiterated a “buy” rating and issued a $350.00 price objective on shares of Amazon.com in a report on Tuesday, May 12th. Weiss Ratings raised shares of Amazon.com from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, May 6th. Finally, Cantor Fitzgerald restated an “overweight” rating and set a $330.00 target price (up from $280.00) on shares of Amazon.com in a research note on Thursday, April 30th. Fifty-seven research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $312.78.

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

About Representative Van Epps

Matthew Robert Van Epps (born March 29, 1983) is an American politician and former Army officer serving as the U.S representative for Tennessee’s 7th congressional district since December 2025. A member of the Republican Party, he was elected in the 2025 special election. He previously served as the commissioner of the Tennessee Department of General Services from 2024 to 2025. He was sworn in on December 4, 2025.

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.