5 Best Stocks To Buy Now According To Billionaire Cliff Asness

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

Number of Hedge Fund Holders: 293

AQR Capital Management’s Stake: $721.29 million

Amazon.com, Inc. (NASDAQ:AMZN), a prominent American multinational technology company, encompasses a diverse range of business interests, including e-commerce, cloud computing through Amazon Web Services (AWS), online advertising, digital streaming, and artificial intelligence. The company’s e-commerce platform is well-diversified, offering a wide range of products, including gourmet food, groceries, apparel, baby products, consumer electronics, beauty products, and more. AQR Capital Management owned over 4.74 million shares of Amazon.com, Inc. (NASDAQ:AMZN) as of the end of December 2023, valued at $721.2 million, representing 1.35% of its portfolio.

On November 10, Tigress Financial analyst Ivan Feinseth maintained a Buy rating on Amazon.com, Inc. (NASDAQ:AMZN) stock and raised the price target to $210 from $204, citing confidence in the firm’s ability to drive increasing profit and long-term shareholder value.

A total of 293 hedge funds tracked by Insider Monkey had stakes in Amazon.com Inc (NASDAQ:AMZN) as of the end of the fourth quarter of 2023.