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Eminence Capital LLC, managed by Ricky Sandler, recently executed a significant transaction involving Amazon.Com, Inc. ((AMZN)). The hedge fund increased its position by 136,251 shares.
Recent Updates on Amazon.Com, Inc. stock
Amazon.Com, Inc. (AMZN) has demonstrated strong financial performance in recent updates, reporting a 10% increase in Q4 2024 revenue to $187.8 billion and a 61% rise in operating income to $21.2 billion. The AWS segment grew by 19%, achieving a $115 billion annualized revenue run rate, while advertising revenue increased by 18%. Despite foreign exchange headwinds and AWS capacity constraints, Amazon remains optimistic about Q1 2025, forecasting net sales between $151 billion and $155.5 billion. Analysts have offered mixed price targets ranging from $265 to $287, reflecting confidence in its e-commerce, cloud, and advertising sectors. The company’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 and others, have increased their positions in Amazon, signaling confidence in its strategic growth potential.
More about Amazon.Com, Inc.
YTD Price Performance: 3.84%
Average Trading Volume: 35,562,271
Current Market Cap: $2441.4B
