5 Best Stocks to Buy for High Returns

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

Latest Forward P/E Ratio: 41.84

Number of Q3 2023 Hedge Fund Investors: 286

Amazon.com, Inc. (NASDAQ:AMZN) is an electronic commerce retailer. However, this hasn’t stopped the firm from expanding into the consumer technology market, and its Amazon Prime video service started to air NFL games for the first time in November 2023.

During this year’s September quarter, 286 out of the 910 hedge funds covered by Insider Monkey’s research were the firm’s investors. Amazon.com, Inc. (NASDAQ:AMZN)’s largest shareholder is Ken Fisher’s Fisher Asset Management since it owns 41.3 million shares that are worth $5.2 billion.

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