Maverick Capital ltd, managed by Lee Ainslie, recently executed a significant transaction involving Amazon.Com, Inc. ((AMZN)). The hedge fund reduced its position by 233,427 shares.
Recent Updates on Amazon.Com, Inc. stock
Amazon.Com, Inc. (AMZN) has recently reported strong Q4 2024 financial results, showcasing 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%, reaching a $115 billion annualized revenue run rate, while advertising revenue increased by 18%. Despite challenges like 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 expectations of continued growth in e-commerce, cloud, and advertising. The company’s year-to-date price performance is approximately 5.69%, with a current market cap around $2470.8 billion. Several hedge funds, including Diamond Hill Capital and others, have increased their positions in Amazon, indicating confidence in its strategic position and future growth potential.
More about Amazon.Com, Inc.
YTD Price Performance: 3.84%
Average Trading Volume: 35,562,271
Current Market Cap: $2441.4B