Manning & Napier Advisors LLC, managed by Bill Manning, recently executed a significant transaction involving Amazon.Com, Inc. ((AMZN)). The hedge fund reduced its position by 454,379 shares.
Spark’s Take on AMZN Stock
According to Spark, TipRanks’ AI Analyst, AMZN is a Outperform.
Amazon shows strong financial performance with robust revenue growth and efficient operations, supported by strategic initiatives in AWS and advertising. However, bearish technical indicators and a high valuation pose short-term concerns despite long-term potential.
To see Spark’s full report on AMZN stock, click here.
More about Amazon.Com, Inc.
YTD Price Performance: -21.36%
Average Trading Volume: 49,167,557
Current Market Cap: $1837.8B