Robert Bender&Associates, managed by Robert L. Bender, recently executed a significant transaction involving Amazon.Com, Inc. ((AMZN)). The hedge fund increased its position by 19,746 shares.
Recent Updates on Amazon.Com, Inc. stock
Recent developments in Amazon.Com, Inc. (AMZN) reveal a mixed outlook, with strong financial performance tempered by some challenges. The company reported record-breaking Q4 2024 revenue of $187.8 billion, a 10% year-over-year increase, and a 61% rise in operating income to $21.2 billion. Amazon’s AWS and advertising segments showed robust growth, with AWS growing 19% year-over-year. Despite these successes, challenges such as foreign exchange headwinds and AWS capacity constraints were noted. Analyst opinions are varied; Phillip Securities downgraded Amazon to Accumulate from Buy due to valuation, while Truist and Deutsche Bank have adjusted their price targets to $265 and $287, respectively, maintaining a Buy rating. The forward-looking guidance anticipates Q1 2025 sales between $151 billion and $155.5 billion, with potential foreign exchange headwinds. Analysts remain optimistic about Amazon’s long-term prospects in e-commerce, cloud, and AI sectors, despite a softer Q1 outlook.
More about Amazon.Com, Inc.
YTD Price Performance: 5.69%
Average Trading Volume: 36,974,963
Current Market Cap: $2470.8B
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