Amazon.com (NASDAQ:AMZN) CEO Sells $3,014,023.50 in Stock

Amazon.com, Inc. (NASDAQ:AMZN) CEO Matthew Garman sold 11,475 shares of the company’s stock in a transaction on Friday, May 15th. The stock was sold at an average price of $262.66, for a total value of $3,014,023.50. Following the sale, the chief executive officer owned 11,430 shares of the company’s stock, valued at approximately $3,002,203.80. This represents a 50.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Amazon.com Price Performance

AMZN traded down $5.54 on Tuesday, reaching $259.32. The stock had a trading volume of 40,252,527 shares, compared to its average volume of 49,061,387. Amazon.com, Inc. has a fifty-two week low of $196.00 and a fifty-two week high of $278.56. The firm has a 50-day moving average of $235.39 and a 200-day moving average of $230.94. The company has a current ratio of 1.18, a quick ratio of 1.01 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $2.79 trillion, a price-to-earnings ratio of 31.02, a price-to-earnings-growth ratio of 1.98 and a beta of 1.46.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Wednesday, April 29th. The e-commerce giant reported $2.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.63 by $1.15. Amazon.com had a return on equity of 19.92% and a net margin of 12.22%.The business 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 firm earned $1.59 EPS. The business’s revenue for the quarter was up 16.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that Amazon.com, Inc. will post 7.71 EPS for the current year.

Amazon.com News Roundup

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

• Positive Sentiment: Amazon is still seeing strong investor enthusiasm around AI and AWS, with multiple articles highlighting demand for its Trainium chips, cloud infrastructure, and industrial AI partnerships. Amazon (AMZN) Stock Falls despite Surge in Trainium AI Chip Demand
• Positive Sentiment: Hedge-fund and billionaire buying is adding a bullish tone, including reports that David Tepper doubled his Amazon stake and ARK Invest added to AMZN, which can support sentiment around the stock. Billionaire David Tepper Just Made a Big Bet. Should You Follow His Lead?
• Positive Sentiment: Analysts remain upbeat, with price-target raises and articles noting Amazon’s strong year-to-date performance, suggesting Wall Street still sees upside from AWS and AI data-center spending. Arete Research adjusts price target on Amazon.com
• Neutral Sentiment: Amazon Web Services expanded its enterprise footprint through new collaborations with FIS and AVEVA, which are constructive long-term signs but not likely to move the stock on their own. FIS Brings Enterprise Risk Suite to Amazon Web Services
• Neutral Sentiment: Amazon’s newer consumer features, including Alexa+ podcast generation and Fire TV/Alexa upgrades, support the retail and ecosystem story, but these are more incremental than immediate stock drivers. Amazon’s new Alexa+ powered feature can generate podcast episodes
• Negative Sentiment: There are also a few headwinds, including a class-action lawsuit over tariff-cost claims and insider selling by CEO Douglas J. Herrington, though the sale was pre-planned under a 10b5-1 arrangement. Amazon faces class action over tariff cost claims
• Negative Sentiment: Some commentary also suggests Amazon is no longer a cheap valuation story, which can temper enthusiasm after the recent run-up in AMZN shares. Amazon (AMZN) Is No Longer Cheap. AWS Makes It Hard to Walk Away

Wall Street Analyst Weigh In

AMZN has been the subject of a number of recent research reports. Moffett Nathanson upped their target price on Amazon.com from $283.00 to $288.00 and gave the stock a “buy” rating in a report on Tuesday, April 7th. Oppenheimer upped their target price on Amazon.com from $275.00 to $320.00 and gave the stock an “outperform” rating in a report on Thursday, April 30th. Bank of America upped their target price on Amazon.com from $298.00 to $310.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Guggenheim reaffirmed 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. Finally, Needham & Company LLC upped their target price on Amazon.com from $265.00 to $300.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Fifty-seven equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, Amazon.com presently has an average rating of “Moderate Buy” and an average target price of $312.67.

Institutional Investors Weigh In On Amazon.com

Institutional investors and hedge funds have recently made changes to their positions in the stock. American Capital Advisory LLC increased its position in shares of Amazon.com by 63.9% during the third quarter. American Capital Advisory LLC now owns 8,081 shares of the e-commerce giant’s stock valued at $1,774,000 after acquiring an additional 3,152 shares during the last quarter. Compagnie Lombard Odier SCmA purchased a new stake in shares of Amazon.com during the third quarter valued at approximately $451,642,000. Weaver Capital Management LLC increased its position in shares of Amazon.com by 13.6% during the fourth quarter. Weaver Capital Management LLC now owns 39,264 shares of the e-commerce giant’s stock valued at $9,063,000 after acquiring an additional 4,713 shares during the last quarter. Ethos Financial Group LLC increased its position in shares of Amazon.com by 9.6% during the fourth quarter. Ethos Financial Group LLC now owns 36,485 shares of the e-commerce giant’s stock valued at $8,421,000 after acquiring an additional 3,196 shares during the last quarter. Finally, Baltimore Washington Financial Advisors Inc. increased its position in shares of Amazon.com by 1.9% during the third quarter. Baltimore Washington Financial Advisors Inc. now owns 239,862 shares of the e-commerce giant’s stock valued at $52,667,000 after acquiring an additional 4,558 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company’s 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.