Matthew S. Garman, chief executive of Amazon Web Services, disposed of 14,541 shares of Amazon.com Inc. (NASDAQ: AMZN) on August 21, 2026, for a total value of approximately $3.77 million.
The sale was executed at prices ranging from $257.09 to $260.79 per share, in accordance with a Rule 10b5-1 trading plan adopted on May 4, 2026. The transaction occurred on the same day Garman acquired 18,176 shares of AMZN common stock through the vesting of restricted stock unit awards, which converted at a price of $0 per share.
Following the transaction, Garman’s direct ownership in Amazon.com stood at 17,794 shares, with an additional 887.52 shares held indirectly through the company’s 401(k) plan.
Amazon’s stock was trading at $261.06 at the time of the report, reflecting a nearly 24% gain over the past six months. The company’s valuation metrics, as cited by InvestingPro, included a price-to-earnings ratio of 20.92 and a price/earnings-to-growth ratio of 0.23.
Separately, Amazon announced an expansion of its Louisiana operations, increasing its investment to $18 billion with the addition of a third data center campus in Shreveport. The expansion is projected to create up to 750 full-time jobs and support an additional 2,500 positions.
Analysts have maintained positive outlooks on Amazon’s stock. Citizens reiterated a Market Outperform rating with a price target of $315.00, citing the company’s logistics strength. Rosenblatt Securities initiated coverage with a Buy rating and a $335.00 price target, highlighting anticipated growth in Amazon Web Services. Morgan Stanley analysts also predicted significant developments in AI financing by 2026, with Amazon expected to be among the major players increasing capital expenditures.
