Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
Platinum Investment Management, managed by Marcia Venegas, recently executed a significant transaction involving Amazon.Com, Inc. ((AMZN)). The hedge fund increased its position by 4,545 shares.
Recent Updates on Amazon.Com, Inc. stock
Amazon.Com, Inc. (AMZN) has demonstrated strong financial performance with a 10% increase in Q4 2024 revenue 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, while advertising revenue increased by 18%. Despite facing foreign exchange headwinds and AWS capacity constraints, Amazon forecasts Q1 2025 net sales between $151 billion and $155.5 billion. Analysts have set mixed price targets ranging from $265 to $287, suggesting confidence in its key sectors like e-commerce, cloud, and advertising. The stock’s year-to-date price performance is approximately 5.69%, with a current market cap of around $2470.8 billion. Various hedge funds, including Diamond Hill Capital Management, have increased their positions in Amazon, signaling strong investor interest in its growth potential.
More about Amazon.Com, Inc.
YTD Price Performance: 3.84%
Average Trading Volume: 35,562,271
Current Market Cap: $2423.5B
