Shelley Reynolds Sells 2,363 Shares of Amazon.com (NASDAQ:AMZN) Stock

Key Points

• Amazon VP Shelley Reynolds sold 2,363 shares on May 21 at an average price of $262.38, totaling about $620,004. The sale was made under a pre-arranged Rule 10b5-1 trading plan, and she still owns 119,780 shares.
• Amazon remains near record levels even after a slight dip, trading around $265.29 with a market cap of about $2.85 trillion. The stock is well above its 50-day and 200-day moving averages, though it is still below its 52-week high of $278.56.
• Fundamentals and analyst sentiment are strong: Amazon recently beat earnings and revenue estimates, and Wall Street remains broadly bullish with 57 Buy ratings and a consensus price target of $312.66.

Amazon.com, Inc. (NASDAQ:AMZN) VP Shelley Reynolds sold 2,363 shares of the business's stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $262.38, for a total transaction of $620,003.94. Following the transaction, the vice president owned 119,780 shares of the company's stock, valued at approximately $31,427,876.40. This represents a 1.93% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Amazon.com Trading Down 0.4%

AMZN traded down $1.03 during mid-day trading on Tuesday, hitting $265.29. The stock had a trading volume of 37,952,955 shares, compared to its average volume of 48,463,938. The stock's fifty day simple moving average is $240.63 and its 200-day simple moving average is $231.82. The firm has a market capitalization of $2.85 trillion, a price-to-earnings ratio of 31.73, a price-to-earnings-growth ratio of 1.99 and a beta of 1.46. Amazon.com, Inc. has a 1-year low of $196.00 and a 1-year high of $278.56. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.18 and a quick ratio of 1.01.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced 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. The company had revenue of $181.52 billion during the quarter, compared to analyst estimates of $177.28 billion. Amazon.com had a net margin of 12.22% and a return on equity of 19.92%. The firm's revenue was up 16.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.59 EPS. As a group, research analysts forecast that Amazon.com, Inc. will post 7.71 EPS for the current fiscal year.

Hedge Funds Weigh In On Amazon.com

Several hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. boosted its holdings in shares of Amazon.com by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 832,274,556 shares of the e-commerce giant's stock valued at $158,348,557,000 after buying an additional 8,913,959 shares during the last quarter. State Street Corp increased its holdings in Amazon.com by 1.8% during the fourth quarter. State Street Corp now owns 388,653,121 shares of the e-commerce giant's stock worth $89,708,913,000 after buying an additional 6,971,680 shares during the last quarter. Geode Capital Management LLC increased its holdings in Amazon.com by 1.1% during the fourth quarter. Geode Capital Management LLC now owns 225,120,994 shares of the e-commerce giant's stock worth $51,753,622,000 after buying an additional 2,479,324 shares during the last quarter. Norges Bank bought a new stake in Amazon.com during the fourth quarter worth $32,868,735,000. Finally, Auto Owners Insurance Co lifted its stake in Amazon.com by 27,376.7% in the fourth quarter. Auto Owners Insurance Co now owns 98,448,885 shares of the e-commerce giant's stock valued at $2,272,397,000 after acquiring an additional 98,090,585 shares during the last quarter. Institutional investors own 72.20% of the company's stock.

Analyst Upgrades and Downgrades

AMZN has been the topic of a number of research analyst reports. Moffett Nathanson raised their price target on Amazon.com from $283.00 to $288.00 and gave the stock a "buy" rating in a research report on Tuesday, April 7th. Evercore increased their target price on Amazon.com from $285.00 to $315.00 and gave the stock an "outperform" rating in a research note on Thursday, April 30th. TD Securities upgraded shares of Amazon.com to a "buy" rating in a report on Monday, April 13th. Raymond James Financial reaffirmed an "outperform" rating and issued a $280.00 price target on shares of Amazon.com in a research note on Friday, May 1st. Finally, Bank of America upped their price target on shares of Amazon.com from $298.00 to $310.00 and gave the company a "buy" rating in a report on Thursday, April 30th. Fifty-seven research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, Amazon.com currently has a consensus 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

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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