5 Best Advertising and Ad Tech Stocks To Buy Now

1. Amazon.com, Inc. (NASDAQ:AMZN)

Number of Hedge Fund Holders: 279

Amazon.com, Inc. (NASDAQ:AMZN) is the largest e-commerce company in the world by market capitalization. The company is leading in areas including e-commerce, artificial intelligence, cloud computing, and digital streaming. Amazon.com, Inc. (NASDAQ:AMZN) sells advertising space on its platforms to small, medium, and large businesses. The company is reported to have spent $16.9 billion in worldwide advertising and promotion in 2021. Moreover, the company generated over $31 billion in annual revenues from digital advertising.

Analysts and investors are exhibiting bullishness toward Amazon.com, Inc. (NASDAQ:AMZN) This March, Deutsche Bank analyst Lee Horowitz initiated coverage of Amazon.com, Inc. (NASDAQ:AMZN) with a Buy rating and gave the stock a $4,100 price target. Moreover, Insider Monkey identified 279 elite hedge funds that held stakes in the e-commerce giant by the end of the fourth quarter of 2021. The total value of these stakes amounted to $49.16 billion, up from $42.55 billion in the prior quarter with 242 positions.

As of April 8, 2022, Fisher Asset Management is the dominating shareholder in Amazon.com, Inc. (NASDAQ:AMZN), owning over 4.17 million shares of the stock. The fund’s stakes in the company were valued at $7.22 billion, up 13% from the fund’s Q3 2021 stakes. The investment covers 4.04% of Ken Fisher’s hedge fund portfolio.

Davis Funds mentioned Amazon.com, Inc. (NASDAQ:AMZN) in its fourth-quarter 2021 investor letter:

“Within the traditional growth category, growing euphoria has led to bubble prices for many companies, most especially those with new and unproven business models such as those discussed above. In contrast, our research focuses on a select handful of proven growth stalwarts whose shares still trade at reasonable valuations. For example, because of concerns about future litigation and regulation, several dominant internet businesses, including Amazon, trade at steep discounts to many unproven and unprofitable growth darlings that, in our view, trade at euphoric prices. While we expect a continued barrage of negative headlines around the company, as well as increased regulation in the years ahead, we do not expect a significant decline in its long-term profitability.”

You can also take a look at 10 Technology Stocks that Pay Dividends and Billionaire Ken Fisher’s Top 10 High Dividend Stock Picks.

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