ARK Investment Management boosts Amazon.com stake by 142,982 shares
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ARK Investment Management LLC, managed by Cathie Wood, recently executed a significant transaction involving Amazon.Com, Inc. ((AMZN)). The hedge fund increased its position by 142,982 shares.
Spark’s Take on AMZN Stock
According to Spark, TipRanks’ AI Analyst, AMZN is a Outperform.
AMZN scores well on improving profitability and balance-sheet leverage, with supportive guidance and strong AWS/AI momentum. The score is held back by weak recent free-cash-flow conversion amid heavy investment/capex and by stretched technical momentum signals. Valuation is also a modest headwind given a ~31.7 P/E and no dividend yield provided.
To see Spark’s full report on AMZN stock, click here.
More about Amazon.Com, Inc.
YTD Price Performance: 15.16%
Average Trading Volume: 47,074,546
Current Market Cap: $2859.5B
