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Triple Frond Partners Llc, managed by Charles F. Pollnow IV, recently executed a significant transaction involving Amazon.Com, Inc. ((AMZN)). The hedge fund increased its position by 66,780 shares.
Recent Updates on Amazon.Com, Inc. stock
Amazon.Com, Inc. (AMZN) has reported strong 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 grew by 19%, 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 forecasts Q1 2025 net sales between $151 billion and $155.5 billion. Analysts have mixed views on price targets for the stock, ranging 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 Cypress Funds, have adjusted their positions in Amazon, showcasing strong investor interest in the company’s growth potential.
More about Amazon.Com, Inc.
YTD Price Performance: 3.84%
Average Trading Volume: 35,562,271
Current Market Cap: $2423.5B
