Brian Olsavsky Sells 6,172 Shares of Amazon.com (NASDAQ:AMZN) Stock

Amazon.com, Inc. (NASDAQ:AMZN) CFO Brian Olsavsky sold 6,172 shares of the business’s stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $260.31, for a total value of $1,606,633.32. Following the sale, the chief financial officer owned 109,207 shares of the company’s stock, valued at approximately $28,427,674.17. This represents a 5.35% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Amazon.com Stock Performance

Shares of NASDAQ AMZN traded down $1.01 during trading hours on Tuesday, reaching $261.06. 25,446,790 shares of the stock were exchanged, compared to its average volume of 48,878,555. The firm has a market capitalization of $2.82 trillion, a price-to-earnings ratio of 21.00, a P/E/G ratio of 1.72 and a beta of 1.45. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.87 and a current ratio of 1.03. Amazon.com, Inc. has a 52 week low of $196.00 and a 52 week high of $287.20. The stock’s fifty day simple moving average is $250.18 and its 200 day simple moving average is $239.48.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, July 30th. The e-commerce giant reported $5.75 earnings per share for the quarter, topping the consensus estimate of $1.82 by $3.93. The business had revenue of $200.61 billion during the quarter, compared to analysts’ expectations of $197.03 billion. Amazon.com had a return on equity of 18.00% and a net margin of 17.44%.The firm’s revenue for the quarter was up 19.6% compared to the same quarter last year. During the same period last year, the firm posted $1.68 EPS. Sell-side analysts predict that Amazon.com, Inc. will post 8.05 EPS for the current year.

Institutional Trading of Amazon.com

A number of institutional investors and hedge funds have recently made changes to their positions in AMZN. Trust Asset Management LLC boosted its holdings in shares of Amazon.com by 3.3% in the 2nd quarter. Trust Asset Management LLC now owns 107,563 shares of the e-commerce giant’s stock valued at $26,000 after purchasing an additional 3,414 shares in the last quarter. TOP Private Wealth LLC. acquired a new position in shares of Amazon.com during the 2nd quarter worth $29,000. Bard Associates Inc. bought a new stake in shares of Amazon.com during the 2nd quarter worth $32,000. Longfellow Investment Management Co. LLC bought a new stake in shares of Amazon.com during the 2nd quarter worth $33,000. Finally, MilWealth Group LLC boosted its stake in Amazon.com by 79.0% in the fourth 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 in the last quarter. Institutional investors own 72.20% of the company’s stock.

Key Amazon.com News

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

• Positive Sentiment: AWS and AI remain the main bullish catalysts. Analysts and commentators point to accelerating AWS demand, a reported $496 billion backlog and the potential for AWS revenue to approach $1 trillion annually over time. Amazon’s relationships with Anthropic and OpenAI could further increase cloud usage and reinforce its position in the AI infrastructure market. AWS backlog article AWS revenue outlook article
• Positive Sentiment: Wall Street remains constructive. Citizens reiterated a Market Outperform rating with a $315 price target, while the cited analyst consensus includes a median target near $320. Recent earnings also showed strong momentum, with second-quarter revenue of roughly $200.6 billion, up nearly 20% year over year. Amazon analyst rating article
• Positive Sentiment: New growth initiatives add longer-term optionality. Amazon is expanding Zoox robotaxi operations and plans to broaden Prime Air drone delivery. It is also developing “Project Tetromino,” an automated delivery-station concept that could process packages 2.5 times faster, potentially improving logistics efficiency and labor economics. Zoox robotaxi article
• Neutral Sentiment: Anthropic’s expected IPO could revalue Amazon’s AI exposure. Its S-1 filing may provide investors with more information about Anthropic’s growth, valuation and Amazon’s strategic investment, but the outcome could either validate or challenge current AI-related expectations. Anthropic S-1 article
• Negative Sentiment: AI infrastructure spending is pressuring cash flow. Amazon’s free cash flow reportedly fell negative by $7.6 billion despite higher operating cash flow, reflecting the cost of its aggressive AI-capital-expenditure program. Investors remain focused on whether future AWS growth will produce adequate returns on that investment. Amazon free cash flow article
• Negative Sentiment: Hardware costs and policy risks are rising. Amazon increased prices on Echo, Fire TV, Kindle and other devices by as much as 60% because of memory shortages linked to AI data-center demand. Proposed AI advertising-disclosure rules, New York City scrutiny of delivery operations and continued competition from Walmart add further uncertainty. Amazon hardware price increase article

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on AMZN shares. Monness Crespi & Hardt boosted their target price on shares of Amazon.com from $315.00 to $330.00 and gave the company a “buy” rating in a research report on Friday, July 31st. Morgan Stanley reiterated an “overweight” rating and issued a $335.00 price objective (up from $330.00) on shares of Amazon.com in a research note on Friday, July 31st. Weiss Ratings reissued a “buy (b)” rating on shares of Amazon.com in a report on Monday, August 3rd. Arete Research increased their target price on shares of Amazon.com from $301.00 to $310.00 and gave the stock a “buy” rating in a research report on Monday, May 18th. Finally, Zacks Research raised shares of Amazon.com from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 4th. One research analyst has rated the stock with a Strong Buy rating, fifty-six have assigned a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, Amazon.com has a consensus rating of “Moderate Buy” and an average price target of $322.39.

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.