Triple Frond Partners Llc, managed by Charles F. Pollnow IV, recently executed a significant transaction involving Amazon.Com, Inc. ((AMZN)). The hedge fund increased its position by 66,780 shares.
Recent Updates on Amazon.Com, Inc. stock
Amazon.Com, Inc. (AMZN) recently reported robust Q4 2024 financial results, with a 10% year-over-year revenue increase to $187.8 billion and a 61% rise in operating income to $21.2 billion. AWS experienced a 19% growth, reaching a $115 billion annualized revenue run rate, while advertising revenue rose by 18%. The company improved delivery speeds, expanded Prime membership benefits, and acknowledged challenges such as foreign exchange headwinds and AWS capacity constraints. Analysts had mixed reactions; Phillip Securities downgraded Amazon to ‘Accumulate’ due to valuation, while Truist and Deutsche Bank adjusted price targets and maintained buy ratings. Despite some headwinds, such as higher FX impacts and capital expenditure expectations, analysts see Amazon’s long-term growth prospects in e-commerce, cloud, and advertising as strong.
More about Amazon.Com, Inc.
YTD Price Performance: 5.69%
Average Trading Volume: 36,974,963
Current Market Cap: $2470.8B