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Public Investment Fund, managed by Mohammad bin Salman Al-Saud, recently executed a significant transaction involving Amazon.Com, Inc. ((AMZN)). The hedge fund reduced its position by 458,054 shares.
Recent Updates on Amazon.Com, Inc. stock
Amazon.Com, Inc. (AMZN) reported robust Q4 2024 financial results, with 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%, achieving a $115 billion annualized revenue run rate, and advertising revenue increased by 18%. Despite challenges such as foreign exchange headwinds and AWS capacity constraints, Amazon forecasts Q1 2025 net sales between $151 billion and $155.5 billion. Analysts have offered mixed views on price targets, ranging from $265 to $287, reflecting confidence in its e-commerce, cloud, and advertising sectors. The stock’s year-to-date price performance is around 5.69%, with a current market cap of approximately $2470.8 billion. Several hedge funds have adjusted their positions in Amazon, reflecting 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