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PRIMECAP Management Co, managed by Theofanis Kolokotrones, recently executed a significant transaction involving Amazon.Com, Inc. ((AMZN)). The hedge fund increased its position by 19,180 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 results are significant strengths, underscoring its growth in key areas like AWS and advertising. However, technical analysis indicates bearish trends, and a high P/E ratio raises valuation concerns. Despite these challenges, Amazon’s strategic initiatives and robust financials provide confidence in its long-term potential.
To see Spark’s full report on AMZN stock, click here.
More about Amazon.Com, Inc.
YTD Price Performance: -12.33%
Average Trading Volume: 50,217,399
Current Market Cap: $2039.2B