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MIG Capital, Llc, managed by Richard Merage, recently executed a significant transaction involving Amazon.Com, Inc. ((AMZN)). The hedge fund reduced its position by 121,068 shares.
Recent Updates on Amazon.Com, Inc. stock
Amazon.Com, Inc. (AMZN) recently reported impressive 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%, achieving a $115 billion annualized revenue run rate, and advertising revenue increased by 18%. The company faces challenges like foreign exchange headwinds and AWS capacity constraints. Analysts have mixed views on Amazon’s price targets, ranging from $265 to $287, reflecting the company’s strong fundamentals and growth potential in e-commerce, cloud, and advertising. The year-to-date price performance stands at 5.69%, with a current market cap of $2470.8 billion. Several hedge funds, including Weitz Investment Management and Diamond Hill Capital, have adjusted their positions in Amazon stock.
More about Amazon.Com, Inc.
YTD Price Performance: 4.61%
Average Trading Volume: 36,554,938
Current Market Cap: $2441.4B
