Antipodes Partners Ltd, managed by Jacob Mitchell, recently executed a significant transaction involving Amazon.Com, Inc. ((AMZN)). The hedge fund increased its position by 355,893 shares.
Recent Updates on Amazon.Com, Inc. stock
Amazon.com, Inc. (AMZN) has recently experienced a range of financial developments. The company reported record-breaking Q4 2024 results with a 10% increase in revenue to $187.8 billion and a 61% rise in operating income to $21.2 billion. Amazon’s AWS segment grew by 19% year-over-year, contributing to its strong performance. Despite these achievements, the firm faces challenges such as foreign exchange headwinds and AWS capacity constraints, though solutions are underway. Analysts have adjusted their price targets for Amazon, with some raising their targets, like Deutsche Bank to $287, while others, like Truist, lowered theirs to $265, citing FX headwinds and increased capex as growth dampeners. Overall, Amazon remains viewed as a strong player in e-commerce, cloud, and advertising, with compelling valuations despite the noted challenges.
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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