Theleme Partners Llp, managed by Patrick Degorce, recently executed a significant transaction involving Amazon.Com, Inc. ((AMZN)). The hedge fund reduced its position by 190,000 shares.

Recent Updates on Amazon.Com, Inc. stock

Amazon.Com, Inc. (AMZN) recently 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, highlighting Amazon’s strong fundamentals in e-commerce, cloud, and advertising. The stock’s year-to-date price performance is noted around 5.69%, with a current market cap of approximately $2470.8 billion. Several hedge funds, including Diamond Hill Capital and Egerton Capital, have significantly increased 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