5 Biggest E-Commerce Companies In USA

2. Apple Inc. (NASDAQ:AAPL)

Number of Hedge Fund Holders: 128

Apple Inc. (NASDAQ:AAPL) is the world’s largest technology company. Originally starting out as a personal computing firm, the company is now one of the largest smartphone sellers in the world.

Apple Inc. (NASDAQ:AAPL) has grown its e-commerce offerings by a whopping 97% over the past two years, which in turn has made it the world’s third largest online retailer. The firm’s e-commerce sales are estimated to sit at a whopping $55 billion during this year’s second quarter.

Morgan Stanley kept a $117 share price target for the firm in October 2022, stating that the firm is the best of its kind when it comes to selling products in a difficult macroeconomic environment. 128 out of the 895 hedge funds part of Insider Monkey’s Q2 2022 survey had bought Apple Inc. (NASDAQ:AAPL)’s shares.

Apple Inc. (NASDAQ:AAPL)’s largest investor is Warren Buffett’s Berkshire Hathaway. It owns 894 million shares that are worth $122 billion.

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