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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 robust 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 grew by 19%, achieving a $115 billion annualized revenue run rate, and advertising revenue increased by 18%. Despite facing challenges such as foreign exchange headwinds and AWS capacity constraints, Amazon forecasts Q1 2025 net sales between $151 billion and $155.5 billion, adjusting for a $2.1 billion FX headwind. Analysts have offered mixed views on price targets, ranging from $265 to $287, underscoring Amazon’s strong fundamentals in e-commerce, cloud, and advertising. The stock’s year-to-date price performance stands at 5.69%, with a current market cap of $2470.8 billion. Several hedge funds, including Cypress Funds, Diamond Hill Capital, and others, have adjusted their positions in Amazon, reflecting confidence in its strategic position and future growth potential.
More about Amazon.Com, Inc.
YTD Price Performance: 4.61%
Average Trading Volume: 36,554,938
Current Market Cap: $2441.4B
