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Shelley Reynolds, Vice President at Amazon.com Inc. (NASDAQ:AMZN), recently executed a series of stock transactions on February 21, 2025, according to a recent SEC filing. Reynolds sold a total of 8,833 shares of Amazon’s common stock, generating approximately $1.97 million. The sales were executed at prices ranging from $221.42 to $223.14 per share. The transaction comes as Amazon, currently valued at $2.25 trillion, maintains a "GOOD" financial health score according to InvestingPro analysis.
In addition to the sales, Reynolds also acquired a total of 5,471 shares through stock option exercises. These acquisitions were made at no cost, as part of restricted stock unit awards. Following these transactions, Reynolds holds 119,780 shares directly. Analysts maintain a strong bullish consensus on Amazon, with price targets ranging from $207 to $306 per share.
The sales were conducted under a pre-planned trading program, known as a Rule 10b5-1 plan, which was adopted on November 7, 2024. This allows executives to sell predetermined amounts of stock at predetermined times, aiming to avoid any potential accusations of insider trading. For deeper insights into Amazon’s valuation and comprehensive analysis, including 12 additional ProTips and detailed metrics, visit InvestingPro.
In other recent news, Amazon.com Inc. has been the focus of several developments. Truist Securities maintained a Buy rating on Amazon shares, with a price target of $265, citing North American revenue performing slightly better than consensus estimates. In addition, Amazon is expected to announce a new generation of AI-powered Alexa devices, which may include a subscription model that could create additional revenue streams. Similarly, Cantor Fitzgerald reaffirmed its Overweight rating and a $270 target for Amazon, highlighting the potential impact of Anthropic on Amazon Web Services (AWS) revenue. Anthropic, a significant AWS customer, is projected to contribute to AWS’s revenues in the coming years, with estimates suggesting a 3% contribution in 2025.
TD Cowen also reiterated a Buy rating for Amazon, with a $265 target, focusing on the company’s GenAI revenue and related capital expenditures. The firm projected AWS’s GenAI revenue to grow significantly, reaching $56.3 billion by 2030. Meanwhile, Amazon MGM Studios has announced a joint venture with Michael G. Wilson and Barbara Broccoli to manage the James Bond franchise rights. This partnership will grant Amazon MGM Studios creative control over the franchise. Additionally, Anthropic unveiled an advanced AI model, Claude 3.7 Sonnet, which is accessible across various plans and features a competitive pricing structure compared to rivals. These developments underscore Amazon’s strategic initiatives in AI, smart home technology, and entertainment.
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