Jeff Bezos sells $214 million worth of Amazon shares in recent stock move. Here's how much he still has

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Amazon.com Inc. (NASDAQ:AMZN) Executive Chair Jeff Bezos has sold a significant portion of its Amazon shares, according to a filing with the U.S. Securities and Exchange Commission.

What happened: Bezos recently sold 1.07 million Amazon shares at $200.07 per share, raising about $213.8 million. As shown in Tuesday's SEC filing, Through this transaction, Bezos will receive 926.41 million shares of the e-commerce giant.

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Bezos isn't the only Amazon insider to have sold shares recently. director Jonathan Rubinstein In addition, shares worth $1 million were sold Douglas HerringtonCEO of Worldwide Amazon Stores, sold $696,360 worth of Amazon stock.

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Why it matters: Amazon shares remain an attractive investment opportunity, according to Bernstein analysts Mark Schmulik. Shmulik maintained an “Outperform” rating on the stock with a $235 price target, citing Amazon's promising future despite planned infrastructure spending.

Amazon's strong performance has also attracted the attention of prominent investors Cathie Woodwho has recently made significant transactions in the company's shares.

The company recently reported third-quarter net sales of $158.9 billion, which beat expectations and represented an 11% year-over-year increase. This positive development has contributed to an increase in Amazon's share price, which saw a significant increase following the earnings announcement.

Price action: Amazon shares closed at $199.50 on Tuesday, rising 1.90% for the day. The stock fell 0.20% in after-hours trading. According to data from Benzinga Pro, Amazon shares have seen significant year-to-date growth of 33.06%.

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