10 Most Popular Stocks Among Hedge Funds (Part 1)

#4 Amazon.com, Inc. (NASDAQ:AMZN)

A total of 129 funds in our database own $15.54 billion worth of Amazon.com, Inc. (NASDAQ:AMZN) shares as of the end of the first quarter, ranking it as the fourth-most popular stock. Amazon hit the $1,000 mark in May and the market thinks there is little chance the stock will stall its upward trend anytime soon. Maxim’s Tom Forte recently upped his price target on Amazon.com, Inc. (NASDAQ:AMZN) to $1,300. Forte thinks that apart from its dominance in e-commerce and Cloud, Amazon has the potential to expand into four new areas where it already has a footprint: Credit, Gas stations, Pharmacy, and Travel. Ken Fisher’s Fisher Asset Management owns 2.02 million shares of Amazon.com, Inc. (NASDAQ:AMZN) as of the end of March.

Most Popular Stocks Among Hedge Funds

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