Insider Selling: Amazon.com (NASDAQ:AMZN) CEO Sells 20,000 Shares of Stock

Key Points

• Amazon CEO Andrew Jassy sold 20,000 shares on May 21 at an average price of $263.42, totaling about $5.27 million. The sale was disclosed in an SEC filing and executed under a pre-arranged Rule 10b5-1 trading plan.
• Amazon shares were slightly lower, trading down 0.4% to $265.29 amid volume below its average. The company still carries a market cap of about $2.85 trillion.
• Recent fundamentals and analyst sentiment remain strong, with Amazon reporting Q1 EPS of $2.78 versus estimates of $1.63 and revenue up 16.6% year over year. Analysts remain broadly bullish, with 57 Buy ratings and an average target price of $312.66.

Amazon.com, Inc. (NASDAQ:AMZN) CEO Andrew Jassy sold 20,000 shares of the business's stock in a transaction that occurred 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 sale, the chief executive officer owned 2,205,766 shares of the company's stock, valued at approximately $581,042,879.72. The trade was a 0.90% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Amazon.com Trading Down 0.4%

Shares of AMZN stock traded down $1.03 on Tuesday, hitting $265.29. 37,952,955 shares of the company's stock traded hands, compared to its average volume of 48,463,938. The stock has a market capitalization of $2.85 trillion, a price-to-earnings ratio of 31.73, a P/E/G ratio of 1.99 and a beta of 1.46. The company's fifty day simple moving average is $240.63 and its 200 day simple moving average is $231.82. Amazon.com, Inc. has a one year low of $196.00 and a one year high of $278.56. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.01 and a current ratio of 1.18.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings results 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. 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 during the quarter, compared to analyst estimates of $177.28 billion. During the same period in the prior year, the business posted $1.59 earnings per share. The company's revenue was up 16.6% on a year-over-year basis. Equities analysts forecast that Amazon.com, Inc. will post 7.71 EPS for the current year.

Analyst Ratings Changes

AMZN has been the topic of several recent analyst reports. Stifel Nicolaus set a $319.00 target price on shares of Amazon.com and gave the stock a "buy" rating in a report on Thursday, April 30th. President Capital dropped their price target on shares of Amazon.com from $320.00 to $296.00 and set a "buy" rating for the company in a research report on Tuesday, February 10th. Pivotal Research reissued a "buy" rating and issued a $320.00 price target (up from $300.00) on shares of Amazon.com in a report on Thursday, April 30th. Citigroup restated a "buy" rating and issued a $325.00 price objective (up from $285.00) on shares of Amazon.com in a research report on Thursday, April 30th. Finally, New Street Research upped their price objective on shares of Amazon.com from $280.00 to $350.00 and gave the company a "buy" rating in a research note on Monday, May 4th. Fifty-seven research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $312.66.

Key Stories Impacting Amazon.com

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

• Positive Sentiment: Several recent articles highlight bullish views on Amazon’s growth outlook, including upgrades and pieces arguing the stock still has meaningful upside thanks to AWS re-acceleration, advertising growth, and margin expansion. Amazon: You Might Not Find A Better Chance To Double Down Now (Rating Upgrade)
• Positive Sentiment: Wall Street sentiment remains constructive, with multiple buy/overweight ratings and recent price targets well above the current trading range, reinforcing expectations for continued upside. Jeff Bezos Says If Amazon Were Run Like NYC Schools...
• Positive Sentiment: Amazon is also being grouped with other AI leaders as the market rewards companies with heavy AI investment and strong balance sheets, which supports the stock’s momentum. Google, Meta, Amazon, and 6 other tech stocks powering the stock market's profit excitement
• Positive Sentiment: Amazon’s latest quarterly results were already strong, with revenue growth and earnings beating expectations, giving investors confidence that the business is still executing well. Amazon.com Trading Down 0.4%
• Neutral Sentiment: Fresh headlines about Amazon rival Stord raising nearly $250 million for logistics expansion are more of a competitive backdrop than an immediate threat, but they remind investors that Amazon’s logistics and AI fulfillment advantage will keep attracting challengers. Stord Banks $250 Million to Topple Amazon’s (AMZN) AI Logistics Grip
• Negative Sentiment: Some commentary remains cautious, with a few articles questioning Amazon’s valuation and margin math, suggesting investors are still watching whether growth can translate into sustained profitability. Amazon: The Numbers Might Not Add Up
• Negative Sentiment: One competitive concern is that new logistics funding and broader AI competition could increase pressure on Amazon to keep spending aggressively to defend its market position. ‘I Would Wait,’ Says Top Investor About Amazon Stock

Hedge Funds Weigh In On Amazon.com

Several hedge funds and other institutional investors have recently modified their holdings of AMZN. Fairway Wealth LLC boosted its holdings in shares of Amazon.com by 113.2% during the 3rd quarter. Fairway Wealth LLC now owns 113 shares of the e-commerce giant's stock valued at $25,000 after buying an additional 60 shares in the last quarter. Sellwood Investment Partners LLC purchased a new stake in shares of Amazon.com in the 3rd quarter worth about $27,000. MilWealth Group LLC lifted its position in Amazon.com by 79.0% during the 4th 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. purchased a new position in Amazon.com during the 4th quarter valued at about $45,000. Finally, Elkhorn Partners Limited Partnership boosted 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 acquiring an additional 180 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company's stock.

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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