Jeff Bezos, the founder and executive chairman of Amazon (AMZN), has sold $1.5 billion of company stock just days before the e-commerce giant is scheduled to report its second-quarter financial results.
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Bezos offloaded 6.6 million shares of AMZN stock, worth $1.5 billion, on July 21 and 22. The stock sales occurred right before Amazon is due to announce its Q2 print on July 31. The latest stock sales were disclosed in a filing with the U.S. Securities and Exchange Commission (SEC).
The latest move brings Bezos’ stock sales in 2024 and 2025 to a total of 95 million shares for net proceeds of $18.2 billion. The former CEO of Amazon made the stock sales through a 10b5-1 trading plan that automatically executes trades when preset conditions, such as price, volume, and timing, are met. Such plans remove the appearance that company insiders might benefit from access to nonpublic information.
More to Sell
Despite the huge amount of stock sold, Bezos doesn’t appear to be done yet. Under his current 10b5-1 plan, he has another 4.6 million shares worth $1 billion left to sell of company stock. However, even after all the stock in the current plan is sold, Bezos still owns over a billion shares of Amazon, worth $232 billion.
Bezos, who currently serves as chair of Amazon’s board of directors, also gifts a lot of AMZN stock to charities. In 2024 and 2025, Bezos gave 4.5 million shares, worth about $1 billion to various charities in the U.S. and around the world. AMZN stock has risen 6% this year.
Is AMZN Stock a Buy?
AMZN stock has a consensus Strong Buy rating among 45 Wall Street analysts. That rating is based on 44 Buy and one Hold recommendations assigned in the last three months. The average Amazon price target of $258.15 implies 13.49% upside from current levels.
