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Soros Fund Mangment LLC, managed by George Soros, recently executed a significant transaction involving Amazon.Com, Inc. ((AMZN)). The hedge fund reduced its position by 51,991 shares.
Recent Updates on Amazon.Com, Inc. stock
Amazon.Com, Inc. (AMZN) has reported impressive 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 AWS segment achieved a 19% growth, reaching a $115 billion annualized revenue run rate, and 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. The stock’s year-to-date price performance is around 5.69%, with a current market cap of approximately $2470.8 billion. Several hedge funds, including Diamond Hill Capital and Egerton Capital, have significantly increased their positions in Amazon, indicating strong investor confidence in its future growth potential.
More about Amazon.Com, Inc.
YTD Price Performance: 3.84%
Average Trading Volume: 35,562,271
Current Market Cap: $2441.4B
