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Egerton Capital (UK) LLP, managed by John Armitage, recently executed a significant transaction involving Amazon.Com, Inc. ((AMZN)). The hedge fund increased its position by 659,947 shares.
Recent Updates on Amazon.Com, Inc. stock
Amazon.Com, Inc. (AMZN) recently reported strong Q4 2024 financial results, with revenue increasing by 10% year-over-year to $187.8 billion and operating income rising by 61% to $21.2 billion. The company’s AWS segment grew by 19%, reaching a $115 billion annualized revenue run rate, while 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 adjusted their price targets, with Deutsche Bank raising its target to $287 and DA Davidson to $280, highlighting Amazon’s robust fundamentals and strategic position in e-commerce, cloud, and advertising. The company’s year-to-date price performance is around 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
