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Weitz Investment Management, Inc., managed by Wallace Weitz, recently executed a significant transaction involving Amazon.Com, Inc. ((AMZN)). The hedge fund increased its position by 5,000 shares.
Recent Updates on Amazon.Com, Inc. stock
Amazon.Com, Inc. (AMZN) has recently reported strong Q4 2024 financial results, with revenue increasing by 10% year-over-year to $187.8 billion and operating income rising by 61% to $21.2 billion. The company’s AWS segment grew by 19%, reaching a $115 billion annualized revenue run rate, and advertising revenue increased by 18%. Despite facing 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 mixed views, with price targets ranging from $265 to $287, reflecting expectations of continued growth in e-commerce, cloud, and advertising sectors. Amazon’s year-to-date price performance is 5.69%, with a current market cap of $2470.8 billion.
More about Amazon.Com, Inc.
YTD Price Performance: 3.96%
Average Trading Volume: 36,742,835
Current Market Cap: $2426.1B
