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Dodge & Cox, managed by John A. Gunn, recently executed a significant transaction involving Amazon.Com, Inc. ((AMZN)). The hedge fund increased its position by 107,963 shares.
Recent Updates on Amazon.Com, Inc. stock
Amazon.Com, Inc. (AMZN) has reported strong financial results for Q4 2024, with revenue increasing 10% year-over-year to $187.8 billion and operating income rising 61% 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 challenges such as foreign exchange headwinds and AWS capacity constraints, Amazon forecasts Q1 2025 net sales between $151 billion and $155.5 billion. 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. Hedge funds, including Cypress Funds and Diamond Hill Capital, have increased their positions in Amazon, while Discovery Capital Management reduced its position. The company’s year-to-date price performance is 5.69%, with a current market cap of approximately $2470.8 billion.
More about Amazon.Com, Inc.
YTD Price Performance: 4.61%
Average Trading Volume: 36,554,938
Current Market Cap: $2441.4B
