5 Best E-Commerce Stocks to Buy in 2021

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

Number of Hedge Fund Holders: 243

Amazon.com, Inc. (NASDAQ: AMZN) is a tech giant operating in the retail sale of consumer products and subscriptions in the US and internationally. The company has three segments, North America, International, and Amazon Web Services. It ranks 1st on our list of the best e-commerce stocks to buy in 2021.

On June 29th, Amazon.com, Inc. (NASDAQ: AMZN) acquired SmartLess rights for about $60-80 million, with new episodes due to appear on Amazon Music and Wondery this August. This month, Switzerland’s leading telecom company Swisscom also picked Amazon.com, Inc. (NASDAQ: AMZN) as its partner in public cloud provision. In the first quarter of 2021, Amazon.com, Inc. (NASDAQ: AMZN) had an EPS of $15.79, beating estimates by $6.15. The company’s revenue of $108.52 billion was up 43.82% year over year and beat estimates by $3.89 billion. The stock has gained 7.73% in the past 6 months and year to date, while Amazon.com, Inc. (NASDAQ: AMZN) also has a gross profit margin of 40.48%.

By the end of the first quarter of 2021, 243 hedge funds held stakes in Amazon.com, Inc. (NASDAQ: AMZN) worth roughly $50.4 billion. This is compared to 273 hedge fund holders in the previous quarter with a total stake value of approximately $51.5 billion.

You can also take a peek at the 15 Best Retail Stocks for 2021 and Top 15 Online Shopping Websites in 2020.

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