Sands Capital Management LLC Has $1.72 Billion Stock Holdings in Amazon.com, Inc. $AMZN

Key Points

• Sands Capital Management reduced its Amazon stake by 11.6% in the fourth quarter, selling 973,987 shares but still holding 7.44 million shares worth about $1.72 billion. Amazon remains its third-largest holding and makes up 5.2% of its portfolio.
• Recent headlines around Amazon have been broadly positive, including a multibillion-dollar data center campus in Missouri and reported plans for heavy AI and cloud spending, which investors view as support for AWS growth and margins.
• Wall Street remains constructive on AMZN after its latest earnings beat, with analysts lifting price targets and the stock carrying a “Moderate Buy” consensus; however, some concerns remain about high capital spending and near-term valuation pressure.

Sands Capital Management LLC cut its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 11.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,440,012 shares of the e-commerce giant's stock after selling 973,987 shares during the period. Amazon.com accounts for 5.2% of Sands Capital Management LLC's holdings, making the stock its 3rd biggest holding. Sands Capital Management LLC owned 0.07% of Amazon.com worth $1,717,304,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. MilWealth Group LLC lifted its holdings in Amazon.com by 79.0% in the 4th quarter. MilWealth Group LLC now owns 179 shares of the e-commerce giant's stock worth $41,000 after purchasing an additional 79 shares in the last quarter. Fairway Wealth LLC lifted its holdings in Amazon.com by 95.6% in the 4th quarter. Fairway Wealth LLC now owns 221 shares of the e-commerce giant's stock worth $51,000 after purchasing an additional 108 shares in the last quarter. Prudent Man Investment Management Inc. lifted its holdings in Amazon.com by 87.7% in the 4th quarter. Prudent Man Investment Management Inc. now owns 229 shares of the e-commerce giant's stock worth $53,000 after purchasing an additional 107 shares in the last quarter. Bridge Generations Wealth Management LLC lifted its holdings in Amazon.com by 2,330.0% in the 3rd quarter. Bridge Generations Wealth Management LLC now owns 243 shares of the e-commerce giant's stock worth $53,000 after purchasing an additional 233 shares in the last quarter. Finally, Cooksen Wealth LLC lifted its holdings in Amazon.com by 23.5% in the 2nd quarter. Cooksen Wealth LLC now owns 247 shares of the e-commerce giant's stock worth $54,000 after purchasing an additional 47 shares in the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting Amazon.com

Here are the key news stories impacting Amazon.com this week:

• Positive Sentiment: Amazon announced a multibillion-dollar data center campus in Missouri, which investors see as another sign the company is ramping up AI and cloud infrastructure spending to support future growth. Amazon to invest billions in Missouri data center, stock gains 3%
• Positive Sentiment: Reports also highlighted Amazon’s broader AI capex plans, including a projected $200 billion spend this year and the rollout of its Graviton5 chip, reinforcing the view that AWS is building a stronger moat and improving margins. Amazon Stock (AMZN) Rises on This AI News
• Positive Sentiment: Analysts and commentators pointed to Amazon’s fifth straight earnings beat, fast AWS growth, and a strong chips business as reasons some investors remain optimistic about additional upside in AMZN. Can Amazon Reach $300 Per Share Before Year-End 2026?
• Neutral Sentiment: Amazon’s warning to U.S. officials about security issues in Anthropic’s advanced AI models led to government restrictions on those models, a development tied to Amazon’s AI investments but not directly a core revenue driver. Amazon CEO’s talks with U.S. officials triggered crackdown on Anthropic models
• Neutral Sentiment: Other coverage noted Amazon’s expansion into new markets, including Prime’s launch in South Africa and logistics services beyond its own marketplace, which supports the long-term growth story but is less likely to move the stock immediately. Amazon (AMZN) Moves To Unlock An Entire Continent, How Big Is The Target Market?
• Negative Sentiment: Some articles raised the flip side of Amazon’s aggressive spending: higher capex and valuation concerns could pressure near-term returns if investors focus on cash outlays before the infrastructure pays off. Amazon Accelerates India Infrastructure Push: How to Play the Stock

Insider Activity at Amazon.com

In related news, CEO Andrew R. Jassy sold 20,000 shares of the stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $263.42, for a total transaction of $5,268,400.00. Following the sale, the chief executive officer owned 2,205,766 shares in the company, valued at approximately $581,042,879.72. This represents a 0.90% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Shelley Reynolds sold 2,363 shares of the stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $262.38, for a total value of $620,003.94. Following the sale, the vice president owned 119,780 shares in the company, valued at $31,427,876.40. The trade was a 1.93% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 195,774 shares of company stock worth $51,614,434 in the last ninety days. Corporate insiders own 8.90% of the company's stock.

Wall Street Analyst Weigh In

AMZN has been the topic of a number of research analyst reports. Monness Crespi & Hardt boosted their price target on Amazon.com from $280.00 to $315.00 and gave the stock a "buy" rating in a report on Thursday, April 30th. BNP Paribas Exane upped their price objective on Amazon.com from $320.00 to $345.00 and gave the stock an "outperform" rating in a report on Tuesday, May 5th. The Goldman Sachs Group reaffirmed a "buy" rating and set a $325.00 price objective (up from $275.00) on shares of Amazon.com in a report on Thursday, April 30th. Moffett Nathanson upped their price objective on Amazon.com from $283.00 to $288.00 and gave the stock a "buy" rating in a report on Tuesday, April 7th. Finally, China Renaissance upped their price objective on Amazon.com from $300.00 to $326.00 and gave the stock a "buy" rating in a report on Tuesday, May 5th. Fifty-seven analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $312.78.

Amazon.com Stock Performance

NASDAQ:AMZN opened at $246.02 on Tuesday. The stock's fifty day moving average is $254.21 and its 200 day moving average is $233.79. Amazon.com, Inc. has a fifty-two week low of $196.00 and a fifty-two week high of $278.56. The firm has a market capitalization of $2.65 trillion, a PE ratio of 29.43, a PEG ratio of 1.79 and a beta of 1.45. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.01 and a current ratio of 1.18.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings results on Wednesday, April 29th. The e-commerce giant reported $2.78 earnings per share for the quarter, beating the consensus estimate of $1.63 by $1.15. Amazon.com had a return on equity of 19.92% and a net margin of 12.22%.The company had revenue of $181.52 billion for the quarter, compared to analyst estimates of $177.28 billion. During the same quarter in the prior year, the firm posted $1.59 EPS. Amazon.com's quarterly revenue was up 16.6% compared to the same quarter last year. On average, sell-side analysts anticipate that Amazon.com, Inc. will post 7.71 earnings per share for the current year.

Amazon.com Company Profile

Amazon.com, Inc is a diversified technology and retail company best known for its e-commerce marketplace and broad portfolio of consumer and enterprise services. Founded by Jeff Bezos in 1994 and headquartered in Seattle, Washington, the company launched as an online bookseller and expanded into a global retail platform that sells products directly to consumers and provides a marketplace for third-party sellers. Over time Amazon has grown beyond retail into areas including cloud computing, digital media, devices and logistics.

Key businesses and offerings include Amazon's online marketplace and fulfillment services, the Amazon Prime membership program (which bundles expedited shipping with streaming and other benefits), Amazon Web Services (AWS) which supplies on-demand cloud computing and storage to businesses and public-sector customers, and a range of content and advertising services such as Prime Video and Amazon Advertising.

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