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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
Amazon.Com, Inc. (AMZN) recently reported robust Q4 2024 financial results, with a 10% increase in revenue to $187.8 billion and a 61% rise in operating income to $21.2 billion. The company’s AWS segment grew by 19%, reaching a $115 billion annualized revenue run rate, while advertising revenue increased 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. Analysts have mixed views on AMZN’s price targets, ranging from $265 to $287, reflecting confidence in its e-commerce, cloud, and advertising sectors. Several hedge funds, including Weitz Investment Management and Diamond Hill Capital, have adjusted their positions in Amazon, evidencing continued investor interest. The company’s year-to-date price performance stands at 5.69%, with a current market cap of $2470.8 billion.
More about Amazon.Com, Inc.
YTD Price Performance: 4.61%
Average Trading Volume: 36,554,938
Current Market Cap: $2441.4B
