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Route One Investment Company, managed by William Duhamel, recently executed a significant transaction involving Amazon.Com, Inc. ((AMZN)). The hedge fund increased its position by 105,600 shares.
Recent Updates on Amazon.Com, Inc. stock
Amazon.Com, Inc. (AMZN) recently announced robust Q4 2024 financial results, with a 10% increase in revenue to $187.8 billion and a 61% rise in operating income to $21.2 billion. The AWS segment achieved a 19% growth, reaching a $115 billion annualized revenue run rate, and advertising revenue increased by 18%. Despite challenges such as foreign exchange headwinds and AWS capacity constraints, Amazon projects Q1 2025 net sales between $151 billion and $155.5 billion. Analysts have presented mixed views on price targets, ranging from $265 to $287, highlighting strong fundamentals in e-commerce, cloud, and advertising. The stock’s year-to-date price performance is approximately 5.69% with a current market cap of $2470.8 billion. Several hedge funds, including Diamond Hill Capital Management and Cypress Funds, have increased their positions in Amazon, reflecting 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
