Amazon.com (NASDAQ:AMZN) CEO Matthew Garman Sells 11,475 Shares of Stock

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

Amazon.com Price Performance

AMZN opened at $259.32 on Wednesday. The stock has a fifty day moving average of $236.31 and a 200-day moving average of $231.15. The firm has a market capitalization of $2.79 trillion, a P/E ratio of 31.02, a PEG ratio of 1.98 and a beta of 1.46. Amazon.com, Inc. has a 12-month low of $196.00 and a 12-month high of $278.56. The company has a quick ratio of 1.01, a current ratio of 1.18 and a debt-to-equity ratio of 0.27.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Wednesday, April 29th. The e-commerce giant reported $2.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 return on equity of 19.92% and a net margin of 12.22%.The company’s revenue for the quarter was up 16.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.59 earnings per share. Equities analysts forecast that Amazon.com, Inc. will post 7.71 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on AMZN. TD Cowen restated a “buy” rating and issued a $350.00 target price on shares of Amazon.com in a report on Tuesday, May 12th. Rothschild & Co Redburn set a $230.00 price objective on Amazon.com in a report on Wednesday, January 21st. BNP Paribas Exane increased their price objective on Amazon.com from $320.00 to $345.00 and gave the stock an “outperform” rating in a report on Tuesday, May 5th. Citigroup reiterated a “buy” rating and set a $325.00 price objective (up from $285.00) on shares of Amazon.com in a report on Thursday, April 30th. Finally, Benchmark increased their price objective on Amazon.com from $275.00 to $370.00 and gave the stock 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 assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $312.67.

Hedge Funds Weigh In On Amazon.com

Several hedge funds have recently bought and sold shares of the business. Front Row Advisors LLC increased its position in Amazon.com by 0.3% during the first quarter. Front Row Advisors LLC now owns 15,134 shares of the e-commerce giant’s stock worth $3,152,000 after buying an additional 45 shares during the last quarter. Western Wealth Management LLC increased its position in Amazon.com by 25.3% during the first quarter. Western Wealth Management LLC now owns 189,362 shares of the e-commerce giant’s stock worth $39,439,000 after buying an additional 38,238 shares during the last quarter. Mascagni Wealth Management Inc. increased its position in Amazon.com by 3.2% during the first quarter. Mascagni Wealth Management Inc. now owns 9,242 shares of the e-commerce giant’s stock worth $1,925,000 after buying an additional 289 shares during the last quarter. Eley Financial Management Inc grew its position in shares of Amazon.com by 0.5% in the first quarter. Eley Financial Management Inc now owns 26,739 shares of the e-commerce giant’s stock valued at $5,569,000 after purchasing an additional 121 shares during the last quarter. Finally, Orographic Financial Advisors LLC acquired a new stake in shares of Amazon.com in the first quarter valued at about $1,810,000. 72.20% of the stock is owned by institutional investors and hedge funds.

More Amazon.com News

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

• Positive Sentiment: AWS continues to benefit from AI demand, with new interest in Trainium chips and fresh enterprise partnerships such as AVEVA, reinforcing Amazon’s cloud growth story. AVEVA and Amazon Web Services Announce Multi-Year Strategic Collaboration to Accelerate Industrial Intelligence in the Cloud
• Positive Sentiment: Several articles and investor notes described Amazon as an underappreciated AI winner, helping support the stock’s long-term thesis despite short-term volatility. Amazon Might Be the Most Obvious AI Stock Investors Are Missing
• Neutral Sentiment: CEO Matthew S. Garman sold shares under a pre-arranged trading plan, which is usually not a business red flag but can still weigh on investor sentiment. SEC filing for Matthew S. Garman sale
• Neutral Sentiment: Douglas J. Herrington also sold shares in a planned transaction, adding to headlines around insider activity without changing the company’s operating outlook. SEC filing for Douglas J. Herrington sale
• Negative Sentiment: Amazon faces a class-action lawsuit over tariff cost claims, which introduces legal and reputational uncertainty for the retailer. Amazon faces class action over tariff cost claims

About Amazon.com

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.