Does Jeff Bezos still own Amazon? What is this Jeff Bezos?

Does Jeff Bezos still own Amazon? How to Interpret Insider Selling? Analyzing changes in insider ownership can provide investors with crucial insights into a company. Generally, if insider buying is high or rising, it indicates the company’s management team is bullish on the long-term prospects of the firm.

Alternatively, insiders might sell their shares for a variety of reasons – but when the company in question is mega-cap FAANG name Amazon.com (AMZN), and the insider in question is company founder Jeff Bezos himself, those stock sales are bound to grab headlines.

Does Jeff Bezos still own Amazon?

According to regulatory filings, Amazon’s former CEO and current Chair, Jeff Bezos, unloaded $240 million worth of shares last month – and might continue to lower his position in the tech giant. In fact, Bezos might sell more AMZN shares worth up to $1 billion over the next 12 months. The stocks Bezos sold in November were classified as contributions to not-for-profit-organizations.

Following the recent sales, Bezos remains the company’s largest shareholder with a stake of 9.56%, followed by a slew of institutional investors and index funds such as Vanguard, Invesco (IVZ), and Fidelity (FIS). Around 29.6% of AMZN stock is owned by institutional investors, compared to individual investors at 42.5%.

Bezos is currently the third richest person on the planet, and owns 988 million shares in Amazon following the recent stock donations. He stepped down as the CEO of Amazon in 2021, and plans to donate a majority of his fortune to charitable organizations.

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Additionally, he sells $1 billion of company stock each year to provide liquidity to Blue Origin, his space-tech company. Moreover, Bezos launched a $10 billion Earth Fund back in 2020 to combat issues relating to climate change.

According to filings, Bezos has “given away” Amazon shares worth $546 million in 2023.

Jeff Bezos still own Amazon

How to Interpret Insider Selling

According to Peter Lynch, one of the most famous investors on Wall Street, “Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise.”

Investors need to analyze the collective buying and selling behavior of company insiders, rather than individual trades. For instance, you should be more interested if an insider is buying a beaten-down stock when overall market sentiment is negative, as it suggests an upcoming bullish trend.

If there are indications of cluster buying (where multiple insiders purchase the stock), it may be a good signal as it suggests “communal optimism” about a company’s future. Further, it’s more informative to prioritize transactions by the executive management team – such as CEOs and CFOs – as compared to other directors and lower-level insiders.

What Does Recent Selling Activity Tell Us About Amazon Stock?

All things considered, Amazon investors should not be worried about the recent selling of shares by Jeff Bezos. It’s evident that Bezos is liquidating his stake to make regular donations as a philanthropist, which was disclosed earlier.

Amazon remains a high-quality Big Tech stock that’s firing on all cylinders. It leads several growth markets, such as e-commerce, public cloud, digital advertising, and online streaming.

In recent quarters, the tech giant has shifted its focus toward improving its bottom line, and is forecast to improve EPS to $3.55 in 2024, compared to a loss of $0.27 per share in 2022.

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Out of the 40 analysts covering AMZN, 36 recommend “strong buy,” three recommend “moderate buy,” and one recommends “hold.” The average target price for Amazon stock is $172.78, which is 20% above the current price.

How Jeff Bezos Became the Owner of Amazon

Early Life and Education

Jeff Bezos was born in New Mexico in 1964 and grew up in Houston, Texas. He showed an early interest in science and computers and even took a summer job at McDonald’s, where he spent the summer studying their automation improvements. He attended Princeton University, where he studied computer science and electrical engineering, and graduated summa cum laude in 1986.

Throughout his academic years, Bezos was an outstanding student and began to develop an interest in business and technology. He was also known for his ability to think outside the box and look for creative solutions to problems. After graduating from Princeton, Bezos worked for a variety of tech companies in the US and abroad.

Jeff Bezos still own Amazon

Career Path

Jeff Bezos subsequently worked for several tech firms in New York, including Fitel, Bankers Trust, and D.E. Shaw & Co. He left D.E. Shaw & Co. in 1994 to start his own business. Bezos founded Amazon.com in 1994, an online bookseller that eventually became the largest e-commerce website in the world.

Bezos had a vision for Amazon and quickly expanded the company’s offerings to include a variety of products, ranging from electronics and media to clothing, toys, and groceries. Bezos also spearheaded Amazon’s move into the world of cloud computing, developing Amazon Web Services in 2002.

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Founding of Amazon

Bezos founded Amazon in 1994 with the goal of creating an online marketplace where people could buy and sell goods. Amazon began as an online bookstore, but quickly grew to include many other products. Bezos took a bold approach to running Amazon, taking risks with innovative strategies and expanding the company quickly.

Bezos’s leadership skills and out-of-the-box thinking helped Amazon become one of the most successful companies in the world. Amazon has also revolutionized the way people shop, with products being shipped to customers worldwide and an innovative approach to customer service. Bezos is now one of the wealthiest individuals in the world, and Amazon is one of the most valuable companies on the planet.

Impact of Bezos’ Ownership on Amazon’s Success

The impact of Jeff Bezos’ ownership of Amazon has been profound. Under his guidance, Amazon has grown to become one of the largest companies in the world. Amazon’s success can be directly attributed to Bezos’ leadership, creativity, and vision, which have helped the company become an e-commerce juggernaut and a leader in the technology industry. Bezos has embraced the concept of customer-centricity, which has become an integral part of Amazon’s culture.

By focusing on customer satisfaction, Amazon has been able to build a vast and loyal customer base, which has resulted in immense growth. Bezos has also implemented innovative strategies such as Amazon Prime, which has resulted in even more customer loyalty.

Bezos’ long-term vision has been to expand Amazon’s presence globally and make a positive impact on the world. This vision has resulted in Amazon’s expansion into the worlds of cloud computing, artificial intelligence, and web services.

As Amazon continues to innovate and expand its presence in the tech industry, Bezos’ ownership has been essential in leading the company to success.

Jeff Bezos still own Amazon

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