Ohio’s 1st congressional district representative, Greg Landsman, has been actively trading stocks in the past month, according to a recent congressional trade report. The transactions involved several high-profile companies, including Amazon.com, Inc. (NASDAQ:), Exxon Mobil Corporation (NYSE:NYSE:), and others.
In a series of transactions dated October 15, 2024, Landsman sold stocks in Amazon and Exxon Mobil, each valued between $15,001 and $50,000. These trades were made through Rockefeller Capital Management, an investment firm.
In addition to Amazon and Exxon Mobil, Landsman also divested from Cheniere Energy, Inc. (NYSE:NYSE:), CrowdStrike Holdings, Inc. (NASDAQ:), and Diamondback (NASDAQ:) Energy, Inc. (NASDAQ:FANG). Each of these sales was valued between $1,001 and $15,000.
The report further reveals that Landsman made these transactions through his wife’s Traditional IRA account, managed by Sarah Landsman. He also sold shares in Linde plc (NYSE:NYSE:), NextEra Energy, Inc. (NYSE:NYSE:), and Regeneron (NASDAQ:) Pharmaceuticals, Inc. (NASDAQ:REGN), each valued between $1,001 and $15,000.
In the same period, Landsman also sold stocks in NextEra Energy, Pfizer , Inc. (NYSE:NYSE:), and Phillips 66 (NYSE:NYSE:) through Rockefeller Capital Management. Each of these sales was valued between $1,001 and $15,000 for NextEra Energy and Pfizer, and between $15,001 and $50,000 for Phillips 66.
InvestingPro Insights
As Representative Greg Landsman’s recent stock transactions included the sale of Amazon.com, Inc. (NASDAQ:AMZN) shares, it’s worth taking a closer look at the company’s current financial position and market performance.
According to InvestingPro data, Amazon boasts a substantial market capitalization of $2.13 trillion, underlining its position as a major player in the tech and retail sectors. The company’s revenue for the last twelve months as of Q3 2024 stood at an impressive $620.13 billion, with a robust revenue growth of 11.93% over the same period.
Two relevant InvestingPro Tips highlight Amazon’s current market position. First, the company is trading at a low P/E ratio relative to its near-term earnings growth, suggesting potential undervaluation. This could be of interest to investors looking for growth opportunities. Second, Amazon has seen a strong return over the last three months, with a price total return of 19.08% as of the latest data.
These insights provide context to Landsman’s decision to sell Amazon shares, potentially indicating a strategy to capitalize on recent gains. For readers interested in a more comprehensive analysis, InvestingPro offers 12 additional tips for Amazon, providing a deeper understanding of the company’s financial health and market position.
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