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.

4. Walmart Inc. (NYSE:WMT)

Number of Hedge Fund Holders: 67

Walmart Inc. (NYSE:WMT) is the largest retailer in the world which operates through supercenters, cash and carry stores, supermarkets, and others. The firm has more than 10,000 stores all over the globe.

Walmart Inc. (NYSE:WMT) is taking aim at Amazon through its massive scale, as it has made its stores the hubs for delivery drones and departure points for drop offs. Its stores are the perfect candidates for fulfillment centers, as roughly 90% of Americans live within 10 miles of a Walmart store. The company also believes that it can reach 80% of Americans through same-day delivery.

Insider Monkey’s Q2 2022 survey of 895 hedge funds revealed that 67 had held a stake in Walmart Inc. (NYSE:WMT).

Walmart Inc. (NYSE:WMT)’s largest investor is Rajiv Jain’s GQG Partners which owns 9.8 million shares that are worth $1 billion.

Leaven Partners mentioned the company in its Q3 2022 investor letter. Here is what the fund said:

“In our last quarterly letter, I briefly mentioned that the consensus estimates for corporate profits appeared to be a bit too sanguine. I referenced a Reuters article that reported, as of June 17, Wall Street expected S&P 500 earnings to grow by 9.6% in 2022, which was up from 8.8% in April and from 8.4% in January. That tune began to change at the end of July and accelerated in August and September, as major players, such as Walmart (NYSE:WMT), has recently issued profit warnings and/or have withdrawn guidance. In response, Wall Street has altered its outlook: lowering third-quarter profit growth to 4.6%^[2] from 7.2% in early August and slashing full-year profit growth to 4.5%.”

3. The Home Depot, Inc. (NYSE:HD)

Number of Hedge Fund Holders: 80

The Home Depot, Inc. (NYSE:HD) is an American company that sells home improvement products that include items such as cabinets, furnaces, central air systems, and flooring.

Despite the fact that its products and business model are unfavorable to e-commerce, The Home Depot, Inc. (NYSE:HD) has overcome these challenges by developing what is termed an omnichannel strategy. This strategy lets customers place their orders while at home and then travel to the store for a pickup. It also lets them travel to the store first to get product information and then make the purchase later on. The company also lets customers use virtual reality to digitally place the products inside their homes for an improved buying decision.

Insider Monkey’s 895 hedge fund survey for this year’s second quarter revealed that 80 had invested in The Home Depot, Inc. (NYSE:HD).

Ken Fisher’s Fisher Asset Management is The Home Depot, Inc. (NYSE:HD)’s largest investor. It owns 8.3 million shares that are worth $2.2 billion.

Diamond Hill Capital mentioned the firm in its Q2 2022 investor letter. Here is what the fund said:

“The Home Depot, Inc. (NYSE:HD) is a high-quality operator in the home improvement industry. Macroeconomic concerns, particularly the rise in mortgage rates, caused the share price to pull back and trade at a greater discount to our estimate of intrinsic value. We believe Home Depot is well positioned to continue gaining share due to its premium real estate locations, strong operations and recent investments in its supply chain. We like Home Depot’s exposure to the professional customer and believe in its ability to take market share in this segment as we believe home improvement spending has the potential to remain resilient in upcoming years.”

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.

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

Number of Hedge Fund Holders: 252

Amazon.com, Inc. (NASDAQ:AMZN) is the world’s largest e-commerce retailer that connects merchants with sellers through its website. The firm is based in Seattle, Washington, the United States.

Amazon.com, Inc. (NASDAQ:AMZN) brought in a whopping $127 billion in global net sales in its third fiscal quarter, which marked a 19% growth at a time when populations all over the world were suffering from high inflation. Third party sellers accounted for 58% of the total paid units sold in Q3, indicating that Amazon.com, Inc. (NASDAQ:AMZN) continues to leverage its platform to connect buyers with sellers instead of just selling its own products.

Insider Monkey’s second quarter of 2022 survey covering 895 hedge funds revealed that 252 had invested in Amazon.com, Inc. (NASDAQ:AMZN).

Out of these, Amazon.com, Inc. (NASDAQ:AMZN)’s largest investor is Ken Fisher’s Fisher Asset Management which owns 48 million shares that are worth $5 billion.

Polen Capital mentioned the company in its Q3 2022 investor letter. Here is what the fund said:

“At an individual company level, the top three absolute contributors were Amazon.com, Inc. (NASDAQ:AMZN), ADP, and Autodesk. Amazon reported better-than-expected earnings during the quarter driven by robust earnings and margins in AWS, its cloud division. The company also posted positive numbers for advertising in the face of a tough environment for the sector.”

Disclosure: None. You can also take a look at Best Alternative Energy Stocks To Buy and 10 Best Cybersecurity Stocks To Buy Under $20.

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