Manitou Investment Management Ltd., managed by Alanna Marshall, recently executed a significant transaction involving Amazon.Com, Inc. ((AMZN)). The hedge fund increased its position by 19,859 shares.
Spark’s Take on AMZN Stock
According to Spark, TipRanks’ AI Analyst, AMZN is a Outperform.
Amazon’s strong financial performance and positive earnings call outcomes are major strengths, indicating robust revenue growth and profitability. However, technical indicators suggest a bearish trend, and valuation concerns arise from a high P/E ratio. Recent corporate events indicate strategic initiatives supporting long-term growth, balancing some of the immediate market challenges.
To see Spark’s full report on AMZN stock, click here.
More about Amazon.Com, Inc.
YTD Price Performance: -18.45%
Average Trading Volume: 48,328,853
Current Market Cap: $1932.7B