Amazon.com (NASDAQ:AMZN) CEO Sells 14,541 Shares of Stock

Key Points

• Amazon CEO Matthew Garman sold 14,541 shares for approximately $3.77 million at an average price of $259.06. The transaction, conducted under a pre-arranged Rule 10b5-1 plan, reduced his direct ownership by about 45%.
• Amazon reported strong quarterly results, with $5.75 in EPS and $200.61 billion in revenue, exceeding analyst expectations; revenue increased 19.6% year over year.
• Wall Street remains broadly bullish, with a consensus “Moderate Buy” rating and an average price target of $322.39, though heavy AI-related spending and declining free cash flow remain key investor concerns.

Amazon.com, Inc. (NASDAQ:AMZN) CEO Matthew Garman sold 14,541 shares of the business's stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $259.06, for a total value of $3,766,991.46. Following the transaction, the chief executive officer directly owned 17,794 shares in the company, valued at $4,609,713.64. This trade represents a 44.97% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Amazon.com Stock Down 0.4%

NASDAQ:AMZN traded down $1.01 during trading hours on Tuesday, hitting $261.06. The stock had a trading volume of 25,483,066 shares, compared to its average volume of 48,878,887. The company has a market cap of $2.82 trillion, a PE ratio of 21.00, a price-to-earnings-growth ratio of 1.72 and a beta of 1.45. The business has a 50 day simple moving average of $250.18 and a two-hundred day simple moving average of $239.48. Amazon.com, Inc. has a 1-year low of $196.00 and a 1-year high of $287.20. 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 (NASDAQ:AMZN - Get Free Report) last posted its earnings results on Thursday, July 30th. The e-commerce giant reported $5.75 EPS for the quarter, topping analysts' consensus estimates of $1.82 by $3.93. The business had revenue of $200.61 billion for the quarter, compared to analysts' expectations of $197.03 billion. Amazon.com had a net margin of 17.44% and a return on equity of 18.00%. The business's revenue for the quarter was up 19.6% compared to the same quarter last year. During the same period in the previous year, the company posted $1.68 earnings per share. Analysts predict that Amazon.com, Inc. will post 8.05 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on AMZN shares. KeyCorp raised their target price on Amazon.com from $335.00 to $350.00 and gave the company an "overweight" rating in a research note on Friday, July 31st. BNP Paribas Exane raised their price objective on Amazon.com from $320.00 to $345.00 and gave the company an "outperform" rating in a research note on Tuesday, May 5th. Pivotal Research restated a "buy" rating and set a $333.00 price objective (up from $320.00) on shares of Amazon.com in a report on Friday, July 31st. Bank of America upped their target price on Amazon.com from $310.00 to $320.00 and gave the company a "buy" rating in a research report on Friday, July 31st. Finally, Truist Financial increased their target price on Amazon.com from $320.00 to $350.00 and gave the company a "buy" rating in a research note on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating, fifty-six have given a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat.com, Amazon.com currently has a consensus rating of "Moderate Buy" and a consensus price target of $322.39.

More Amazon.com News

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

• Positive Sentiment: AWS growth remains the main bullish catalyst. Coverage highlighted accelerating cloud demand, a reported $496 billion AWS backlog, and analyst expectations that AI-related services could drive substantial revenue growth. Citizens reiterated a Market Outperform rating with a $315 price target. AWS backlog article
• Positive Sentiment: Amazon is gaining share in clothing. PYMNTS Intelligence estimates Amazon’s share of U.S. clothing spending reached 17% in 2025, up from 8.5% in 2019, while Walmart’s share declined. The trend supports Amazon’s broader e-commerce and advertising growth story. Amazon clothing share article
• Positive Sentiment: New growth options are receiving attention. Amazon’s Zoox robotaxi service has begun paid rides in San Francisco, while Prime Air is expected to expand toward nearly 500 U.S. cities. The company is also developing automated delivery stations that could process packages about 2.5 times faster, potentially improving long-term logistics economics. Zoox expansion article
• Neutral Sentiment: Analyst and institutional sentiment is broadly constructive. Recent coverage cited a median analyst price target of $320 and additional institutional buying, although these signals may be outweighed by near-term cash-flow concerns.
• Negative Sentiment: AI spending is the key pressure point. Reports focused on a projected $220 billion 2026 capital-spending bill and a $7.6 billion decline in free cash flow, despite operating cash flow rising 33%. Investors want evidence that AWS growth and AI monetization will eventually offset the infrastructure outlays. Amazon free cash flow article
• Negative Sentiment: Insider selling adds a cautious signal. The CFO, a vice president, two senior executives and the CEO of Amazon Stores collectively sold roughly $7.9 million of shares. All transactions were made under pre-arranged Rule 10b5-1 plans, reducing their usefulness as a direct indicator of management’s outlook. SEC insider filing
• Negative Sentiment: Hardware costs and regulatory risks remain headwinds. Amazon raised prices on devices including Echo, Fire TV and Kindle by as much as 60% because of memory shortages, potentially hurting demand. Separately, proposed AI advertising-disclosure rules and New York City scrutiny of delivery operations could increase compliance or operating costs.

Hedge Funds Weigh In On Amazon.com

Large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in Amazon.com by 1.1% in the first quarter. Vanguard Group Inc. now owns 832,274,556 shares of the e-commerce giant's stock worth $158,348,557,000 after acquiring an additional 8,913,959 shares during the last quarter. State Street Corp raised its position in shares of Amazon.com by 1.8% during the 4th quarter. State Street Corp now owns 388,653,121 shares of the e-commerce giant's stock worth $89,708,913,000 after purchasing an additional 6,971,680 shares during the period. Geode Capital Management LLC raised its position in shares of Amazon.com by 1.1% during the 4th quarter. Geode Capital Management LLC now owns 225,120,994 shares of the e-commerce giant's stock worth $51,753,622,000 after purchasing an additional 2,479,324 shares during the period. Norges Bank bought a new stake in shares of Amazon.com in the 4th quarter worth approximately $32,868,735,000. Finally, Auto Owners Insurance Co lifted its holdings in shares of Amazon.com by 27,376.7% in the 4th quarter. Auto Owners Insurance Co now owns 98,448,885 shares of the e-commerce giant's stock worth $2,272,397,000 after purchasing an additional 98,090,585 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors.

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.

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