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First Pacific Advisors LLC, managed by Richard Atwood, recently executed a significant transaction involving Amazon.Com, Inc. ((AMZN)). The hedge fund increased its position by 101,747 shares.
Recent Updates on Amazon.Com, Inc. stock
Recent developments for Amazon.Com, Inc. (AMZN) have been largely positive, with the company reporting record revenues of $187.8 billion in Q4 2024, a 10% year-over-year increase, and a 61% rise in operating income. Amazon’s AWS segment grew by 19% year-over-year, reaching an annualized revenue run rate of $115 billion, driven by strong demand in AI services. The advertising segment also saw an 18% increase in revenue, contributing to a $69 billion annual run rate. Despite these achievements, the company faces challenges such as foreign exchange headwinds, which impacted Q4 revenues by $700 million, and AWS capacity constraints expected to ease by late 2025. Analysts have mixed views on Amazon’s stock price, with targets ranging from $265 to $287, reflecting expectations of continued growth in e-commerce, cloud, and advertising sectors. However, higher foreign exchange headwinds and increased 2025 capital expenditures have tempered growth and margin expectations. Overall, while Amazon faces certain hurdles, its strong financial performance and strategic initiatives suggest resilience and potential for future growth.
More about Amazon.Com, Inc.
YTD Price Performance: 5.69%
Average Trading Volume: 36,974,963
Current Market Cap: $2470.8B
