Davis Selected Advisers, managed by Chris Davis, recently executed a significant transaction involving Amazon.Com, Inc. ((AMZN)). The hedge fund increased its position by 254,833 shares.
Recent Updates on Amazon.Com, Inc. stock
Amazon.com, Inc. (AMZN) has recently experienced several significant developments. The company reported record-breaking Q4 2024 results with revenue of $187.8 billion, a 10% year-over-year increase, and operating income of $21.2 billion, marking a 61% rise. AWS continues to drive growth with a 19% increase, fueled by demand in AI offerings. Advertising revenue saw an 18% increase, contributing to a $69 billion annual revenue run rate. Amazon also expanded its delivery speed and Prime membership benefits. Despite these successes, challenges include foreign exchange headwinds and AWS capacity constraints, though solutions are anticipated by 2025. Analysts have adjusted their price targets, with Truist lowering it to $265, while Deutsche Bank and DA Davidson raised theirs to $287 and $280, respectively, maintaining a Buy rating. The company is seen as well-positioned in e-commerce, cloud, and AI sectors despite certain headwinds.
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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