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Discovery Capital Management, LLC, managed by Rob Citrone, recently executed a significant transaction involving Amazon.Com, Inc. ((AMZN)). The hedge fund reduced its position by 78,500 shares.
Recent Updates on Amazon.Com, Inc. stock
Amazon.Com, Inc. (AMZN) recently reported strong Q4 2024 financial results, with a 10% year-over-year 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, while advertising revenue increased by 18%. Despite challenges like foreign exchange headwinds and AWS capacity constraints, analysts remain optimistic about Amazon’s strategic position in e-commerce, cloud, and advertising. Many hedge funds, including Cypress Funds and Diamond Hill Capital Management, have increased their positions in Amazon. Analysts have provided mixed views on AMZN’s price targets, ranging from $265 to $287, highlighting the company’s robust fundamentals and future growth potential despite some headwinds.
More about Amazon.Com, Inc.
YTD Price Performance: 3.96%
Average Trading Volume: 36,742,835
Current Market Cap: $2426.1B
