Andrew Jassy Sells 19,872 Shares of Amazon.com (NASDAQ:AMZN) Stock

Key Points

• CEO Andrew Jassy sold 19,872 shares of Amazon stock at an average price of $221.58, totaling over $4.4 million, which decreased his ownership by 0.90%.
• Amazon reported $1.68 EPS for the last quarter, exceeding analysts' expectations of $1.31, with revenue reaching $167.70 billion, up 13.3% year-over-year.
• Wells Fargo raised its target price on Amazon shares from $238 to $245, reflecting a consensus rating of "Buy" and an average target price of $262.87 among analysts.

Amazon.com, Inc. (NASDAQ:AMZN) CEO Andrew Jassy sold 19,872 shares of the firm's stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $221.58, for a total value of $4,403,237.76. Following the completion of the sale, the chief executive officer owned 2,178,502 shares of the company's stock, valued at approximately $482,712,473.16. This represents a 0.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Amazon.com Stock Performance

Shares of NASDAQ AMZN traded down $0.90 during midday trading on Monday, reaching $227.94. The company's stock had a trading volume of 22,588,940 shares, compared to its average volume of 47,261,124. Amazon.com, Inc. has a 12-month low of $161.38 and a 12-month high of $242.52. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.81. The firm has a 50 day moving average price of $222.63 and a 200-day moving average price of $207.85. The stock has a market capitalization of $2.43 trillion, a P/E ratio of 34.75, a PEG ratio of 1.54 and a beta of 1.31.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.31 by $0.37. The business had revenue of $167.70 billion for the quarter, compared to analysts' expectations of $161.80 billion. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. The business's revenue for the quarter was up 13.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.26 EPS. Amazon.com has set its Q3 2025 guidance at EPS. As a group, equities analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on AMZN shares. Wells Fargo & Company upped their target price on shares of Amazon.com from $238.00 to $245.00 and gave the company an "equal weight" rating in a research report on Tuesday, July 29th. Citizens Jmp initiated coverage on shares of Amazon.com in a research report on Thursday, July 10th. They issued a "strong-buy" rating for the company. Truist Financial boosted their target price on Amazon.com from $226.00 to $250.00 and gave the stock a "buy" rating in a report on Wednesday, July 2nd. Sanford C. Bernstein set a $235.00 price target on shares of Amazon.com and gave the company an "outperform" rating in a research note on Tuesday, July 1st. Finally, Citigroup reissued an "overweight" rating on shares of Amazon.com in a research report on Wednesday, August 13th. Two research analysts have rated the stock with a Strong Buy rating, forty-six have assigned a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average target price of $262.87.

Hedge Funds Weigh In On Amazon.com

Several institutional investors have recently modified their holdings of the company. Barlow Wealth Partners Inc. lifted its position in Amazon.com by 0.4% in the 2nd quarter. Barlow Wealth Partners Inc. now owns 12,565 shares of the e-commerce giant's stock valued at $2,763,000 after acquiring an additional 44 shares in the last quarter. Ridgecrest Wealth Partners LLC increased its position in shares of Amazon.com by 0.5% in the second quarter. Ridgecrest Wealth Partners LLC now owns 8,399 shares of the e-commerce giant's stock valued at $1,843,000 after acquiring an additional 45 shares during the period. Probity Advisors Inc. boosted its stake in Amazon.com by 0.4% during the second quarter. Probity Advisors Inc. now owns 12,157 shares of the e-commerce giant's stock worth $2,667,000 after acquiring an additional 45 shares in the last quarter. Union Savings Bank lifted its stake in shares of Amazon.com by 0.4% in the second quarter. Union Savings Bank now owns 10,723 shares of the e-commerce giant's stock worth $2,510,000 after buying an additional 45 shares in the last quarter. Finally, Doheny Asset Management CA raised its holdings in shares of Amazon.com by 0.3% during the second quarter. Doheny Asset Management CA now owns 17,821 shares of the e-commerce giant's stock valued at $3,910,000 after purchasing an additional 45 shares during the last quarter. Institutional investors own 72.20% of the company's stock.

About Amazon.com

Amazon.com, Inc engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Echo, Ring, Blink, and eero; and develops and produces media content.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.