Amazon.com, Inc. CEO Sells $3,054,899.40 in Stock

On November 21st, 2024, Amazon.com, Inc. (NASDAQ:AMZN) CEO Matthew S. Garman executed a sale of 15,260 shares of his company's stock. The shares were sold at an average price of $200.19, leading to a total transaction value of $3,054,899.40. Following this transaction, Garman's ownership in Amazon now stands at 349,261 shares, which are valued at approximately $69,918,559.59. This sale represents a 4.19% decrease in his overall ownership of the company’s stock.

Amazon.com Performance Overview

As of Thursday, the stock opened at $205.74. Amazon's financial performance can be observed through its moving averages: the 50-day moving average is $194.14, and the 200-day moving average is $186.66. Over the past year, shares have traded between a low of $142.81 and a high of $215.90. On the financial metrics side, Amazon has a quick ratio of 0.87, a current ratio of 1.09, and a debt-to-equity ratio of 0.21. The company currently holds a market capitalization of $2.16 trillion, with a price-to-earnings (P/E) ratio of 44.06 and a price/earnings growth (PEG) ratio of 1.35.

Recent Earnings Announcement

On October 31st, Amazon announced its latest earnings results. The company reported earnings per share (EPS) of $1.43 for the quarter, surpassing the consensus estimate of $1.14 by $0.29. Total revenue for the quarter was reported at $158.88 billion, which exceeded analyst predictions of $157.28 billion. Amazon also reported a net margin of 8.04%, with a return on equity of 22.41%. Year-over-year, the company’s revenue grew by 11.0%. Analysts project that Amazon.com, Inc. will achieve an EPS of 5.29 for the current fiscal year.

Analyst Ratings for Amazon.com

A recent wave of research reports from analysts highlights the positive sentiment around Amazon's stock. For instance, UBS Group recently raised its price target from $220.00 to $223.00 while maintaining a “buy” rating. Oppenheimer also increased their price target from $220.00 to $230.00, labeling the stock as “outperform.” TD Cowen made a similar upward adjustment from $230.00 to $240.00 with a “buy” rating. Redburn Atlantic revised its target price from $225.00 to $235.00, maintaining a “buy” stance, while Piper Sandler marked up its target from $215.00 to $225.00, categorizing it as “overweight.” Overall, two analysts recommend holding the stock, with the majority providing a buy rating. Data from MarketBeat.com suggests an average rating of "Moderate Buy" and a target price of $236.20.

Institutional Ownership Analysis

In terms of institutional investment, several hedge funds have recently adjusted their stakes in Amazon. Franklin Resources Inc. added 257,072 shares, raising its holdings by 0.5% and now owns 47,156,540 shares valued at approximately $8.84 billion. Asset Advisors Investment Management LLC also increased their stake by 1.3%, acquiring 1,499 additional shares, totaling 116,869 shares worth $21.78 million. Other institutional investors like Tri Ri Asset Management Corp and Optimist Retirement Group LLC made significant new investments. Currently, approximately 72.20% of Amazon's stock is held by various institutional investors.

About Amazon.com, Inc.

Amazon.com, Inc. is a global leader engaged in retail sales of consumer products, advertising, and subscription services through both online and physical platforms. The company's operations are divided into three main segments: North America, International, and Amazon Web Services (AWS). In addition to its robust e-commerce business, Amazon manufactures and sells several consumer electronic devices, including Kindle e-readers, Fire tablets, Fire TVs, Echo smart speakers, and more. The company also focuses on developing and producing media content.

Insider, Selling, Stock