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Columbus Hill Capital Management, L.P., managed by Kevin D. Eng, recently executed a significant transaction involving Amazon.Com, Inc. ((AMZN)). The hedge fund increased its position by 8,834 shares.
Recent Updates on Amazon.Com, Inc. stock
Amazon.Com, Inc. (AMZN) has reported strong financial performance in Q4 2024, with a 10% increase in revenue to $187.8 billion and a 61% rise in operating income to $21.2 billion. The AWS segment and advertising revenue grew by 19% and 18% respectively. Despite challenges like foreign exchange headwinds and AWS capacity constraints, Amazon forecasts Q1 2025 net sales between $151 billion and $155.5 billion. Analysts have mixed price targets for the stock, ranging from $265 to $287, showing 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. Several hedge funds, including Diamond Hill Capital Management and Cypress Funds, have increased their positions, indicating strong investor interest in Amazon’s growth potential.
More about Amazon.Com, Inc.
YTD Price Performance: 3.84%
Average Trading Volume: 35,562,271
Current Market Cap: $2423.5B
