Amazon.com Inc (NASDAQ:AMZN), a global leader in e-commerce and cloud computing, has reported an insider sale according to a recent SEC filing. Director Judith Mcgrath sold 5,760 shares of the company on March 1, 2024. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Over the past year, the insider has sold a total of 5,760 shares of Amazon.com Inc and has not made any purchase of the company's shares. This latest transaction is part of a broader pattern of insider activity at the company, where there have been 71 insider sells and only 1 insider buy over the past year.
On the day of the sale, shares of Amazon.com Inc were trading at $174.84, giving the company a market capitalization of $1,843,967.927 billion. The price-earnings ratio of the company stands at 61.21, which is above the industry median of 17.86 but below the company's historical median price-earnings ratio.
The stock's valuation, when compared to the GuruFocus Value (GF Value) of $153.53, results in a price-to-GF-Value ratio of 1.14, indicating that Amazon.com Inc is modestly overvalued.
The GF Value is calculated considering historical trading multiples such as price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, along with a GuruFocus adjustment factor based on the company's past returns and growth, and future business performance estimates from Morningstar analysts.
Amazon.com Inc continues to be a significant player in the markets it operates, with its business encompassing e-commerce, cloud computing services through Amazon Web Services (AWS), digital streaming, and artificial intelligence. The company's vast product offerings and services have positioned it as a cornerstone of the modern digital economy.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
