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Gladstone Capital Management Llp, managed by David Gladstone, recently executed a significant transaction involving Amazon.Com, Inc. ((AMZN)). The hedge fund reduced its position by 389,380 shares.
Recent Updates on Amazon.Com, Inc. stock
Amazon.Com, Inc. (AMZN) reported strong Q4 2024 financial results, with a 10% year-over-year revenue increase to $187.8 billion and a 61% rise in operating income to $21.2 billion. The AWS segment grew by 19%, reaching a $115 billion annualized revenue run rate, and advertising revenue increased by 18%. Despite foreign exchange headwinds and AWS capacity constraints, Amazon forecasts Q1 2025 net sales between $151 billion and $155.5 billion. Analysts have mixed views on the stock, with price targets ranging from $265 to $287, highlighting both growth potential and challenges. Hedge funds like Cypress Funds and Diamond Hill Capital have increased their positions, while Discovery Capital Management reduced its stake. Amazon’s year-to-date price performance is 5.69%, with a market cap of $2470.8 billion.
More about Amazon.Com, Inc.
YTD Price Performance: 4.61%
Average Trading Volume: 36,554,938
Current Market Cap: $2441.4B
