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Cypress Funds Llc, managed by Steven Baum, recently executed a significant transaction involving Amazon.Com, Inc. ((AMZN)). The hedge fund increased its position by 54,501 shares.
Recent Updates on Amazon.Com, Inc. stock
Recently, Amazon.com, Inc. (AMZN) has experienced significant developments, including a strong Q4 2024 performance with record revenues of $187.8 billion, a 10% year-over-year increase, and operating income rising 61% to $21.2 billion. AWS continued its growth trajectory with a 19% year-over-year increase, reaching a $115 billion revenue run rate. Despite facing 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 adjusted their price targets: Phillip Securities downgraded its rating to Accumulate with a $270 target; Truist lowered its target to $265 while maintaining a Buy rating; Deutsche Bank raised its target to $287; DA Davidson increased its target to $280, highlighting Amazon’s robust fundamentals and strategic position in e-commerce, cloud, AI, and logistics.
More about Amazon.Com, Inc.
YTD Price Performance: 5.69%
Average Trading Volume: 36,974,963
Current Market Cap: $2470.8B