Amazon.com (NASDAQ:AMZN) Stock Price Down 1.4% Following Insider Selling

Key Points

• Amazon shares fell about 1.4% to as low as $270.49 on Thursday with mid‑day volume roughly 29% below average, a decline MarketBeat links to recent insider selling.
• CEO Andrew R. Jassy sold 31,352 shares (~$8.62M) and Douglas J. Herrington sold 27,500 shares (~$7.56M), both disclosed as transactions under pre‑arranged Rule 10b5‑1 plans.
• Despite the sales, analysts remain largely bullish—56 Buys vs. 3 Holds with an average price target of $313.09—supported by a strong Q1 beat (EPS $2.78 vs. $1.63 and revenue $181.52B) and faster AWS growth.

Amazon.com, Inc. (NASDAQ:AMZN) was down 1.4% on Thursday after an insider sold shares in the company. The stock traded as low as $270.49 and last traded at $271.17. Approximately 35,444,695 shares changed hands during mid-day trading, a decline of 29% from the average daily volume of 50,171,098 shares. The stock had previously closed at $274.99.

Specifically, CEO Andrew R. Jassy sold 31,352 shares of Amazon.com stock in a transaction on Monday, May 4th. The stock was sold at an average price of $275.00, for a total value of $8,621,800.00. Following the completion of the sale, the chief executive officer directly owned 2,175,766 shares of the company's stock, valued at approximately $598,335,650. This trade represents a 1.42% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Douglas J. Herrington sold 27,500 shares of Amazon.com stock in a transaction on Monday, May 4th. The shares were sold at an average price of $275.00, for a total value of $7,562,500.00. Following the completion of the sale, the chief executive officer directly owned 471,361 shares of the company's stock, valued at $129,624,275. This trade represents a 5.51% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In other news, CEO Douglas J. Herrington sold 1,000 shares of Amazon.com stock in a transaction on Friday, May 1st. The stock was sold at an average price of $265.65, for a total value of $265,650.00. Following the completion of the sale, the chief executive officer directly owned 498,861 shares of the company's stock, valued at approximately $132,522,424.65. This trade represents a 0.20% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Evercore boosted their price target on shares of Amazon.com from $285.00 to $315.00 and gave the company an "outperform" rating in a report on Thursday, April 30th. President Capital decreased their target price on Amazon.com from $320.00 to $296.00 and set a "buy" rating for the company in a research note on Tuesday, February 10th. UBS Group reissued a "buy" rating and issued a $333.00 target price (up from $304.00) on shares of Amazon.com in a research note on Wednesday, April 29th. Benchmark boosted their target price on Amazon.com from $275.00 to $370.00 and gave the company a "buy" rating in a research note on Thursday, April 30th. Finally, Jefferies Financial Group reissued a "buy" rating on shares of Amazon.com in a research note on Monday. Fifty-six equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, Amazon.com has an average rating of "Moderate Buy" and an average price target of $313.09.

Trending Headlines about Amazon.com

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

• Positive Sentiment: Q1 beat & AWS reacceleration — Amazon reported stronger‑than‑expected Q1 results and accelerated AWS growth (AI demand cited), which underpins premium valuations and recent analyst upgrades. Read More.
• Positive Sentiment: Analyst price‑target lifts & institutional buying — multiple firms raised targets after Q1 and some large managers boosted stakes, supporting upside sentiment. Read More.
• Positive Sentiment: Logistics turned commercial — Amazon launched Amazon Supply Chain Services (opening its freight/fulfillment/parcel network to third parties), creating a potential high‑margin new revenue stream akin to AWS. Read More.
• Positive Sentiment: Product extensions: Bedrock payments & pharmacy — Coinbase added wallet/USDC settlement to Amazon Bedrock agent payments (helps agent‑economies), and Amazon Pharmacy will stock Novo Nordisk’s oral Ozempic with same‑day kiosks, expanding retail & healthcare distribution. Read More. Read More.
• Positive Sentiment: Partnerships & content investments — AWS landed the WNBA cloud deal and Prime Video committed local content spend in Europe, both supporting ecosystem stickiness and engagement. Read More. Read More.
• Neutral Sentiment: Insider sales disclosed — several executive sales were filed under Rule 10b5‑1 plans; typical but watched by investors for timing/context. Read More.

Amazon.com Stock Down 1.4%

The firm has a market cap of $2.92 trillion, a P/E ratio of 32.44, a price-to-earnings-growth ratio of 1.97 and a beta of 1.46. The company has a quick ratio of 1.01, a current ratio of 1.18 and a debt-to-equity ratio of 0.27. The firm has a fifty day moving average of $226.29 and a 200-day moving average of $228.31.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings data on Wednesday, April 29th. The e-commerce giant reported $2.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.63 by $1.15. The firm had revenue of $181.52 billion for the quarter, compared to analyst estimates of $177.28 billion. Amazon.com had a return on equity of 19.92% and a net margin of 12.22%.The business's revenue for the quarter was up 16.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.59 earnings per share. On average, equities research analysts anticipate that Amazon.com, Inc. will post 8 earnings per share for the current year.

Institutional Trading of Amazon.com

Several institutional investors and hedge funds have recently bought and sold shares of the business. Fairway Wealth LLC grew its position in Amazon.com by 113.2% during the third quarter. Fairway Wealth LLC now owns 113 shares of the e-commerce giant's stock worth $25,000 after buying an additional 60 shares in the last quarter. Sellwood Investment Partners LLC bought a new stake in Amazon.com during the third quarter worth $27,000. MilWealth Group LLC lifted its stake in Amazon.com by 79.0% during the fourth quarter. MilWealth Group LLC now owns 179 shares of the e-commerce giant's stock worth $41,000 after purchasing an additional 79 shares during the last quarter. Lifetime Wealth Management P.C. bought a new stake in Amazon.com during the fourth quarter worth $45,000. Finally, Elkhorn Partners Limited Partnership lifted its stake in Amazon.com by 900.0% during the fourth quarter. Elkhorn Partners Limited Partnership now owns 200 shares of the e-commerce giant's stock worth $46,000 after purchasing an additional 180 shares during the last quarter. Institutional investors own 72.20% of the company's stock.

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.

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