Insider Selling: Amazon.com (NASDAQ:AMZN) CEO Sells $3,940,622.45 in Stock

Key Points

• Amazon.com CEO Matthew Garman sold 17,785 shares, totaling $3,940,622.45, which represents an 85% decrease in his holdings.
• Following the sale, Garman retains just 3,138 shares worth approximately $695,286.66.
• Amazon's stock price recently declined 0.4%, closing at $227.94, with a twelve-month trading range between $161.38 and $242.52.

Amazon.com, Inc. (NASDAQ:AMZN) CEO Matthew Garman sold 17,785 shares of the firm's stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $221.57, for a total value of $3,940,622.45. Following the completion of the transaction, the chief executive officer owned 3,138 shares of the company's stock, valued at $695,286.66. The trade was a 85.00% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Amazon.com Stock Down 0.4%

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

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings data 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. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%.The company had revenue of $167.70 billion during the quarter, compared to analysts' expectations of $161.80 billion. During the same period last year, the firm posted $1.26 earnings per share. The business's revenue was up 13.3% on a year-over-year basis. Amazon.com has set its Q3 2025 guidance at EPS. Sell-side analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Institutional Trading of Amazon.com

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Promus Capital LLC boosted its holdings in Amazon.com by 10.2% in the second quarter. Promus Capital LLC now owns 11,148 shares of the e-commerce giant's stock worth $2,446,000 after acquiring an additional 1,028 shares in the last quarter. Hilltop Partners LLC lifted its holdings in Amazon.com by 14.0% in the second quarter. Hilltop Partners LLC now owns 15,507 shares of the e-commerce giant's stock valued at $3,402,000 after acquiring an additional 1,899 shares during the period. Fulcrum Equity Management grew its position in shares of Amazon.com by 11.0% during the second quarter. Fulcrum Equity Management now owns 3,907 shares of the e-commerce giant's stock worth $857,000 after purchasing an additional 388 shares in the last quarter. BLVD Private Wealth LLC purchased a new position in Amazon.com during the 2nd quarter valued at approximately $930,000. Finally, Carter Financial Group INC. bought a new stake in Amazon.com in the 2nd quarter worth approximately $1,993,000. Institutional investors own 72.20% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Sanford C. Bernstein set a $235.00 target price on shares of Amazon.com and gave the stock an "outperform" rating in a research note on Tuesday, July 1st. Truist Financial raised their target price on shares of Amazon.com from $226.00 to $250.00 and gave the stock a "buy" rating in a research note on Wednesday, July 2nd. Westpark Capital reiterated a "buy" rating and issued a $280.00 price objective on shares of Amazon.com in a research note on Friday, August 1st. Cantor Fitzgerald increased their price objective on shares of Amazon.com from $260.00 to $280.00 and gave the company an "overweight" rating in a research note on Friday, August 1st. Finally, Oppenheimer cut their price target on shares of Amazon.com from $250.00 to $245.00 and set an "outperform" rating on the stock in a report on Friday, August 1st. Two analysts have rated the stock with a Strong Buy rating, forty-six have assigned a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat, Amazon.com currently has an average rating of "Buy" and a consensus target price of $262.87.

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.

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