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Appaloosa Management LP, managed by David Tepper, recently executed a significant transaction involving Amazon.Com, Inc. ((AMZN)). The hedge fund increased its position by 600,000 shares.
Recent Updates on Amazon.Com, Inc. stock
Amazon.Com, Inc. (AMZN) has shown strong financial performance in Q4 2024, with a 10% year-over-year revenue increase to $187.8 billion and a 61% rise in operating income to $21.2 billion. Its AWS segment grew by 19%, reaching a $115 billion annualized revenue run rate, and advertising revenue increased by 18%. Despite challenges like foreign exchange headwinds and AWS capacity constraints, Amazon forecasts Q1 2025 net sales between $151 billion and $155.5 billion. Analysts have mixed views, with price targets ranging from $265 to $287, reflecting expectations of continued growth in e-commerce, cloud, and advertising sectors. Hedge funds such as Weitz Investment Management and Diamond Hill Capital Management have increased their positions, while Discovery Capital Management reduced its stake. The company’s year-to-date price performance is between 3.96% and 5.69%, with a current market cap ranging from $2426.1 billion to $2470.8 billion.
More about Amazon.Com, Inc.
YTD Price Performance: 4.61%
Average Trading Volume: 36,554,938
Current Market Cap: $2441.4B
