5 Biggest E-Commerce Companies In USA

In this piece, we will take a look at the five biggest e-commerce companies in the USA. For more companies, head on over to 15 Biggest E-Commerce Companies In USA.

5. CVS Health Corporation (NYSE:CVS)

Number of Hedge Fund Holders: 65

CVS Health Corporation (NYSE:CVS) is an American health services provider that sells health insurance and pharmacy products. The firm is headquartered in Woonsocket, Rhode Island.

CVS Health Corporation (NYSE:CVS) serves more than 40 million customers through its digital channels, and close to 80% of patients use its self service digital tool to fill out their details prior to a health appointment. Additionally. CVS Health Corporation (NYSE:CVS) is also aiming to spend more than $3 billion to improve its digital platform.

As this year’s second quarter ended, 65 out of the 895 hedge funds polled by Insider Monkey had bought CVS Health Corporation (NYSE:CVS)’s shares.

CVS Health Corporation (NYSE:CVS)’s largest investor is Cliff Asness’ AQR Capital Management which owns 3.2 million shares that are worth $312 million.

Vitava Fund mentioned the company in its Q3 2022 investor letter, which outlined that:

“CVS is a leader in the provision of healthcare services in the USA. It has three main businesses: an enormous network of pharmacies, a health insurance company, and “prescription benefit management”, which is a kind of intermediary between insurance companies and pharmacies. This is the result of large acquisitions over the past 15 years – most notably of Caremark (2007) and Aetna (2018). The markets had deemed its acquisition of health insurer Aetna too expensive (and we agree), so CVS stock then fell into disfavour for a few years.