Appaloosa Management LP, managed by David Tepper, recently executed a significant transaction involving Amazon.Com, Inc. ((AMZN)). The hedge fund increased its position by 600,000 shares.
Recent Updates on Amazon.Com, Inc. stock
Amazon.Com, Inc. (AMZN) has reported strong Q4 2024 financial results, showing a 10% increase in revenue to $187.8 billion and a 61% rise in operating income to $21.2 billion. The AWS segment grew by 19%, and advertising revenue increased by 18%. Despite 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 price targets, ranging from $265 to $287, reflecting confidence in Amazon’s e-commerce, cloud, and advertising sectors. The stock’s year-to-date price performance is around 5.69%, with a market cap approximately at $2470.8 billion. Multiple hedge funds, including Diamond Hill Capital Management and others, have modified their positions in Amazon, indicating varied but overall positive investor sentiment towards its growth potential.
More about Amazon.Com, Inc.
YTD Price Performance: 3.84%
Average Trading Volume: 35,562,271
Current Market Cap: $2423.5B