Sands Capital Management LLC, managed by Frank Sands, recently executed a significant transaction involving Amazon.Com, Inc. ((AMZN)). The hedge fund increased its position by 742,725 shares.
Recent Updates on Amazon.Com, Inc. stock
Amazon.Com, Inc. (AMZN) reported strong Q4 2024 financial results, with a 10% increase in revenue to $187.8 billion and a 61% rise in operating income to $21.2 billion. The AWS segment achieved a 19% growth, reaching a $115 billion annualized revenue run rate, while advertising revenue increased by 18%. Despite challenges such as foreign exchange headwinds and AWS capacity constraints, Amazon forecasts Q1 2025 net sales between $151 billion and $155.5 billion. Analysts have mixed views on price targets, ranging from $265 to $287, indicating confidence in its e-commerce, cloud, and advertising sectors. The stock’s year-to-date price performance is around 5.69%, with a current market cap of approximately $2470.8 billion. Various hedge funds, including Diamond Hill Capital Management and others, have adjusted their positions in Amazon, reflecting strong investor interest in its growth potential.
More about Amazon.Com, Inc.
YTD Price Performance: 3.84%
Average Trading Volume: 35,562,271
Current Market Cap: $2423.5B