Alua Capital Management Boosts Amazon Stake by 49,700 Shares

Alua Capital Management, led by Tom Purcell, significantly increased its stake in Amazon.Com, Inc. by 49,700 shares. This move comes despite recent stock volatility and a massive capital expenditure plan by Amazon, with the Street consensus remaining a Strong Buy due to AWS growth and AI-driven cloud demand. TipRanks’ AI Analyst, Spark, assesses AMZN as Neutral, recognizing strong financial performance but tempered by weakened free cash flow conversion and a demanding valuation.

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