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Diamond Hill Capital Management Inc, managed by Ric Dillon, recently executed a significant transaction involving Amazon.Com, Inc. ((AMZN)). The hedge fund increased its position by 875,896 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 experienced a 19% growth, 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’ price targets for the stock range from $265 to $287, indicating 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. Several hedge funds, including Diamond Hill Capital Management and others, have increased their positions in Amazon, showcasing strong investor interest and confidence 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
