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Davis Selected Advisers, managed by Chris Davis, recently executed a significant transaction involving Amazon.Com, Inc. ((AMZN)). The hedge fund increased its position by 254,833 shares.
Recent Updates on Amazon.Com, Inc. stock
Amazon.Com, Inc. (AMZN) reported impressive Q4 2024 financial results, with revenue increasing by 10% to $187.8 billion and operating income rising by 61% to $21.2 billion. The AWS segment grew by 19% to a $115 billion annualized revenue run rate, and advertising revenue increased by 18%. Despite facing challenges like foreign exchange headwinds and AWS capacity constraints, Amazon is optimistic about Q1 2025, forecasting net sales between $151 billion and $155.5 billion. Analysts have varied price targets from $265 to $287, showing confidence in its e-commerce, cloud, and advertising sectors. The stock’s year-to-date performance is around 5.69%, with a market cap close to $2470.8 billion. Hedge funds such as 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
