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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) recently reported a strong Q4 2024 financial performance, with revenue increasing by 10% year-over-year to $187.8 billion and operating income surging by 61% to $21.2 billion. The AWS segment experienced a 19% growth, achieving a $115 billion annualized revenue run rate, while advertising revenue rose by 18%. Despite challenges such as foreign exchange headwinds and AWS capacity constraints, Amazon forecasts Q1 2025 net sales between $151 billion and $155.5 billion, accounting for a $2.1 billion FX headwind. Analysts have set mixed price targets ranging from $265 to $287, reflecting confidence in Amazon’s growth in e-commerce, cloud, and advertising sectors. Hedge funds have shown varied responses, with both increases and decreases in share positions. The company’s year-to-date price performance is noted at 5.69%, with a current market cap of approximately $2470.8 billion.
More about Amazon.Com, Inc.
YTD Price Performance: 4.61%
Average Trading Volume: 36,554,938
Current Market Cap: $2441.4B
