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First Pacific Advisors LLC, managed by Richard Atwood, recently executed a significant transaction involving Amazon.Com, Inc. ((AMZN)). The hedge fund increased its position by 101,747 shares.
Recent Updates on Amazon.Com, Inc. stock
Amazon.Com, Inc. (AMZN) has recently shown strong financial performance, 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, with advertising revenue up by 18%. Despite facing foreign exchange headwinds and AWS capacity constraints, Amazon forecasts Q1 2025 net sales between $151 billion and $155.5 billion. Analysts’ price targets for Amazon range from $265 to $287, reflecting confidence in its e-commerce, cloud, and advertising sectors. The stock’s year-to-date price performance is reported around 5.69%, with a current market cap of approximately $2470.8 billion. Various hedge funds, including Diamond Hill Capital Management and others, have adjusted their positions in Amazon, displaying varied investor interest and confidence in its growth potential.
More about Amazon.Com, Inc.
YTD Price Performance: 3.84%
Average Trading Volume: 35,562,271
Current Market Cap: $2423.5B
