XN LP, managed by Gaurav Kapadia, recently executed a significant transaction involving Amazon.Com, Inc. ((AMZN)). The hedge fund increased its position by 240,294 shares.
Recent Updates on Amazon.Com, Inc. stock
Amazon.Com, Inc. (AMZN) has recently reported strong financial performance for Q4 2024, 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%, achieving 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 is optimistic about Q1 2025, forecasting net sales between $151 billion and $155.5 billion. Analysts have mixed views on AMZN’s price targets, which range from $265 to $287, reflecting confidence in its growth in e-commerce, cloud, and advertising sectors. Multiple hedge funds, including Diamond Hill Capital and Egerton Capital, have increased their positions in Amazon, underscoring investor confidence in its strategic position and future growth potential. The company’s year-to-date price performance is reported as approximately 5.69%, with a current market cap ranging around $2470.8 billion.
More about Amazon.Com, Inc.
YTD Price Performance: 3.84%
Average Trading Volume: 35,562,271
Current Market Cap: $2441.4B