Insider Selling: Amazon.com (NASDAQ:AMZN) CEO Sells 31,352 Shares of Stock

Key Points

• CEO Andrew Jassy sold 31,352 shares on May 4 at an average price of $275 under a pre‑arranged Rule 10b5‑1 plan for about $8.62 million, trimming his stake by 1.42% to 2,175,766 shares (~$598M).
• Amazon beat Q1 expectations, reporting $2.78 EPS vs. $1.63 expected and $181.52 billion in revenue (up 16.6% YoY) as AWS growth reaccelerated, prompting multiple analyst target upgrades and a MarketBeat average target around $313.
• Near‑term risk from heavy AI/data‑center capex has sharply reduced free cash flow and could pressure margins and valuation, with energy and input‑cost volatility cited as additional macro risks.

Amazon.com, Inc. (NASDAQ:AMZN) CEO Andrew Jassy sold 31,352 shares of the business's stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $275.00, for a total transaction of $8,621,800.00. Following the sale, the chief executive officer directly owned 2,175,766 shares of the company's stock, valued at $598,335,650. This represents a 1.42% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Amazon.com Price Performance

NASDAQ AMZN traded up $1.51 during trading hours on Wednesday, hitting $275.06. 44,461,603 shares of the company's stock traded hands, compared to its average volume of 50,341,555. Amazon.com, Inc. has a 52-week low of $185.01 and a 52-week high of $278.56. The company has a market capitalization of $2.96 trillion, a PE ratio of 32.90, a PEG ratio of 1.98 and a beta of 1.46. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.18 and a quick ratio of 1.01. The firm's 50-day moving average is $224.90 and its 200-day moving average is $227.88.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced 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. Amazon.com had a net margin of 12.22% and a return on equity of 19.92%. The company had revenue of $181.52 billion during the quarter, compared to analysts' expectations of $177.28 billion. During the same quarter in the prior year, the company earned $1.59 EPS. Amazon.com's revenue was up 16.6% compared to the same quarter last year. Equities analysts forecast that Amazon.com, Inc. will post 7.95 EPS for the current fiscal year.

Trending Headlines about Amazon.com

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

• Positive Sentiment: Q1 beat and AWS reacceleration: Amazon reported stronger‑than‑expected revenue and EPS, with AWS growth picking back up — management framed the large AI infrastructure spend as a long‑term ROI play that supports the growth thesis. Andy Jassy says Amazon investors will be rewarded by all its AI spending
• Positive Sentiment: Amazon Supply Chain Services (ASCS): Amazon opened its freight/fulfillment/parcel network to other businesses — a potential high‑margin extension of its logistics moat that analysts compare to the early AWS monetization path and that pressured legacy carriers. Amazon opens up its logistics network to other businesses
• Positive Sentiment: Analyst target upgrades: Multiple firms have raised price targets and reiterated buy/overweight calls after the quarter and backlog commentary, supporting further upside interest from institutional buyers. BNP Paribas raises target on Amazon
• Positive Sentiment: New B2B grocery and logistics extensions: Same‑day fresh grocery for business customers and other ASCS products broaden addressable market and recurring order flows. Amazon Business adds same‑day fresh groceries
• Neutral Sentiment: Planned insider sales disclosed: CEO and board members sold small stakes under Rule 10b5‑1 plans — routine but worth monitoring for signaling only if volumes accelerate. SEC Form 4 disclosure
• Neutral Sentiment: Internal AI tooling and product experiments: Company‑wide rollout of tools like Claude Code/Codex and tests to merge AI chat into search can boost productivity and UX, but revenue timing is uncertain. Amazon weighs merging AI chat into search
• Negative Sentiment: CapEx / free cash flow pressure: Heavy AI and data‑center capex have driven free cash flow sharply lower in the near term, creating execution/timing risk if revenue realization lags. This is the primary near‑term valuation risk for the stock. Amazon’s free cash flow collapse analysis
• Negative Sentiment: Macro and energy cost risk: Analysts warn hyperscaler AI spending could add inflationary pressure (energy, wages, tariffs) and grids are strained — energy sourcing/price volatility and rising input costs are upside risks to margin and multiples. Think AI spending won’t stoke inflation?

Wall Street Analysts Forecast Growth

AMZN has been the topic of several recent analyst reports. Argus reiterated a "buy" rating and issued a $325.00 target price on shares of Amazon.com in a report on Friday, February 6th. President Capital decreased their target price on shares of Amazon.com from $320.00 to $296.00 and set a "buy" rating on the stock in a report on Tuesday, February 10th. Pivotal Research reiterated a "buy" rating and issued a $320.00 target price (up from $300.00) on shares of Amazon.com in a report on Thursday, April 30th. DA Davidson boosted their target price on shares of Amazon.com from $175.00 to $250.00 and gave the company a "neutral" rating in a report on Thursday, April 30th. Finally, Needham & Company LLC boosted their target price on shares of Amazon.com from $265.00 to $300.00 and gave the company a "buy" rating in a report on Thursday, April 30th. Fifty-six investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat.com, Amazon.com currently has an average rating of "Moderate Buy" and an average target price of $313.09.

Hedge Funds Weigh In On Amazon.com

Several large investors have recently made changes to their positions in AMZN. Fairway Wealth LLC increased its stake in Amazon.com by 113.2% during the 3rd quarter. Fairway Wealth LLC now owns 113 shares of the e-commerce giant's stock worth $25,000 after buying an additional 60 shares during the period. Sellwood Investment Partners LLC purchased a new stake in shares of Amazon.com in the 3rd quarter valued at approximately $27,000. MilWealth Group LLC grew its position in shares of Amazon.com by 79.0% in the 4th quarter. MilWealth Group LLC now owns 179 shares of the e-commerce giant's stock valued at $41,000 after buying an additional 79 shares during the last quarter. Lifetime Wealth Management P.C. purchased a new position in shares of Amazon.com in the 4th quarter valued at $45,000. Finally, Elkhorn Partners Limited Partnership grew its position in shares of Amazon.com by 900.0% in the 4th quarter. Elkhorn Partners Limited Partnership now owns 200 shares of the e-commerce giant's stock valued at $46,000 after buying an additional 180 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

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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