On February 13th local time, Amazon founder Jeff Bezos sold another 12 million shares of Amazon stock, with a reduction of over $4 billion since last Wednesday.
According to regulatory filing documents, Bezos's recent transaction occurred last Friday and Monday, with a value of approximately $2.08 billion. He also reduced his holdings of 12 million Amazon stocks last Wednesday and Thursday.
As of February 13th, Amazon's stock price was $168.64 per share, with a market value of $1751.7 billion, surpassed by Nvidia.
From 2018 to 2021, Bezos has been the world's richest person. Until 2022, Musk's net assets surpassed Bezos and became the new world's richest person.
Entering 2024, the significant increase in Amazon's stock price has increased Bezos' net assets. According to the Bloomberg Billionaires Index, Musk is currently the world's richest person with a personal net worth of $209 billion; Bezos ranks second with a net asset of $200 billion.
Planned to sell 50 million shares in 12 months
According to a document submitted by Amazon to the Securities and Exchange Commission (SEC) on Tuesday, founder Jeff Bezos sold approximately 12 million Amazon shares on February 9th and 12th at an average price of $173.3 per share, cashing out approximately $2.08 billion. This sale reduced his direct stake in Amazon to approximately 964 million shares.
Last Wednesday and Thursday, Bezos sold approximately 12 million shares of Amazon stock. Amazon revealed on February 2nd that Bezos plans to sell 50 million shares of the company's stock within 12 months. After the recent round of holdings reduction, he almost completed half of the plan. Based on the current stock price of Amazon, the value of this batch of stocks is approximately $8.43 billion (approximately RMB 60.656 billion).
Performance exceeded expectations significantly
Since the beginning of the year, Amazon's stock price has risen by 10.99%, with an increase of 100.76% in the past 59 weeks.
Amazon's latest financial report shows that in the fourth quarter of 2023, Amazon's revenue increased by 14% year-on-year to $169.961 billion, higher than market expectations of $166.3 billion; Net profit was 10.624 billion US dollars, a significant increase of over 37 times compared to 278 million US dollars in the same period last year; Diluted earnings per share were $1.00, higher than market expectations of $0.79.
According to the classification of services and business types, Amazon's net sales from online stores in the fourth quarter of 2023 were $70.543 billion, an increase of 9% compared to $64.531 billion in the same period of 2022; The net sales revenue from physical stores was 5.152 billion US dollars, an increase of 4% compared to 4.957 billion US dollars in the same period of 2022; The net sales revenue from third-party seller services was $43.559 billion, an increase of 20% compared to $36.339 billion in the same period of 2022; The revenue from advertising services was $14.654 billion, an increase of 27% compared to $11.557 billion in the same period of 2022.
Looking at the entire year, Amazon's revenue for 2023 was $574.785 billion, a year-on-year increase of nearly 12%; Net profit of 30.425 billion US dollars. Amazon expects sales to reach between $138 billion and $143.5 billion in the first quarter of 2024, with a market expectation of $142 billion.