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Cypress Funds Llc, managed by Steven Baum, recently executed a significant transaction involving Amazon.Com, Inc. ((AMZN)). The hedge fund increased its position by 54,501 shares.
Recent Updates on Amazon.Com, Inc. stock
Amazon.Com, Inc. (AMZN) has shown 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 company’s AWS segment grew by 19%, achieving a $115 billion annualized revenue run rate, and advertising revenue increased by 18%. Despite challenges like foreign exchange headwinds and AWS capacity constraints, Amazon forecasts Q1 2025 net sales between $151 billion and $155.5 billion. Analysts maintain mixed views on the stock, with price targets ranging from $265 to $287, reflecting confidence in its e-commerce, cloud, and advertising sectors. The stock’s year-to-date price performance is approximately 5.69%, with a market cap around $2470.8 billion. There is notable investor interest, with various hedge funds, such as Diamond Hill Capital Management and others, adjusting their positions in Amazon, highlighting its growth potential.
More about Amazon.Com, Inc.
YTD Price Performance: 3.84%
Average Trading Volume: 35,562,271
Current Market Cap: $2423.5B
