Claim 55% Off TipRanks
High conviction AMZN bears now have this Tradr ETFAtreides Management, LP, managed by Gavin Baker, recently executed a significant transaction involving Amazon.Com, Inc. ((AMZN)). The hedge fund increased its position by 265,761 shares.
Spark’s Take on AMZN Stock
According to Spark, TipRanks’ AI Analyst, AMZN is a Outperform.
AMZN scores well on improving profitability and balance-sheet leverage, with supportive guidance and strong AWS/AI momentum. The score is held back by weak recent free-cash-flow conversion amid heavy investment/capex and by stretched technical momentum signals. Valuation is also a modest headwind given a ~31.7 P/E and no dividend yield provided.
To see Spark’s full report on AMZN stock, click here.
More about Amazon.Com, Inc.
YTD Price Performance: 14.75%
Average Trading Volume: 46,121,166
Current Market Cap: $2841.4B