Alecta Pensionsforsakring, Omsesidigt, managed by Magnus Billing, recently executed a significant transaction involving Amazon.Com, Inc. ((AMZN)). The hedge fund increased its position by 1,640,000 shares.
Recent Updates on Amazon.Com, Inc. stock
In recent developments, Amazon.com, Inc. (AMZN) reported a strong Q4 2024 performance with record revenues of $187.8 billion, a 10% year-over-year increase, and operating income of $21.2 billion, up 61%. Key growth areas include AWS, which saw a 19% increase in revenue, and the advertising segment, which grew by 18%. Analysts have adjusted their price targets for Amazon, with some downgrading due to valuation concerns following recent share strength, while others raised targets, citing strong earnings and AWS growth. Despite foreign exchange headwinds and AWS capacity constraints, Amazon remains well-positioned in AI and cloud migration. The company anticipates Q1 2025 net sales of $151-$155.5 billion, considering a potential $2.1 billion foreign exchange impact and leap year effects.
More about Amazon.Com, Inc.
YTD Price Performance: 5.69%
Average Trading Volume: 36,974,963
Current Market Cap: $2470.8B
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