Is Amazon Stock A Buy After Jeff Bezos Stock Sales?

Amazon stock's next milestone could be returning to a record high it reached in 2021. That would mark a full recovery for the company after a rough 2022.

Jeff Bezos Sells $6 Billion In Amazon Stock
Meanwhile, Amazon founder Jeff Bezos recently completed sold shares in the company for the first time since late 2021. Bezos late last week sold roughly $2 billion worth of Amazon shares, according to a regulatory filing.
He has sold about 36 million shares worth about $6 billion., as revealed in three separate disclosures this month.
Bezos has not commented publicly on the reasoning behind the stock sale. But Amazon said in a regulatory filing earlier this month that Bezos adopted a trading plan to sell up to 50 million shares by Jan. 31, 2025. The 10b5-1 trading plan is triggered when Amazon stock meets certain conditions.

In results published Feb. 1, Amazon said it earned $1 per share on sales of $170 billion for the December-ended quarter. Analysts projected the company would post earnings per share of 80 cents on $165.9 billion in sales for the December quarter, according to FactSet.
Sales for the quarter increased 14% year over year, while earnings surged from 3 cents a share in the year-ago quarter.
Meanwhile, sales for Amazon Web Services increased 13% year over year to $24.2 billion, in line with expectations for the closely watched cloud business.

Will Regulators Take A Bite Out Of Amazon Stock?
Meanwhile, Amazon is staring down what is likely the biggest legal fight in its 30-year history. Regulators are challenging Amazon's market power and the company likely will grapple with intense scrutiny in the coming years.
Amazon's regulatory problems came into sharp focus on Sept. 26 when the Federal Trade Commission and 17 state attorneys general filed a major antitrust lawsuit against Amazon.
The FTC accuses the company of using its market power to inflate prices and overcharge merchants. Amazon rejects the allegations, arguing that the FTC is "wrong on the facts and the law, and we look forward to making that case in court," the company said in a statement.
In an Oct. 3 client note, JPMorgan analyst Doug Anmuth said the lawsuit "was very much as expected, and we believe it will be challenging to prove that AMZN illegally maintains monopoly power."