5 Internet Retail Stocks To Buy Now

In this article, we discuss the 5 internet retail stocks to buy now. If you want to read about some more internet retail stocks, go directly to 15 Internet Retail Stocks To Buy Now.

5. Walmart Inc. (NYSE:WMT)

Number of Hedge Fund Holders: 68   

Walmart Inc. (NYSE:WMT) engages in the operation of retail, wholesale, and other units worldwide. On November 17, Morgan Stanley analyst Simeon Gutman maintained an Overweight rating on Walmart Inc. (NYSE:WMT) stock and raised the price target to $164 from $150, noting increased estimates following the company’s third-quarter beat & raise and rolling forward the valuation framework to FY25 estimates.  

Among the hedge funds being tracked by Insider Monkey, Camas, Washington-based investment firm Fisher Asset Management is a leading shareholder in Walmart Inc. (NYSE:WMT) with 8.1 million shares worth more than $1 billion. 

In its Q2 2021 investor letter, ClearBridge Investments, an asset management firm, highlighted a few stocks and Walmart Inc. (NYSE:WMT) was one of them. Here is what the fund said:

“The pandemic has created challenges for businesses large and small; one major challenge for large essential retailers such as ClearBridge holdings Home Depot, Walmart Inc. (NYSE:WMT) and Costco has been ensuring adequate staffing to meet demand under trying conditions. All three instituted enhanced pay practices during the pandemic, with raises, unplanned bonuses and other benefits helping compensate employees for their efforts in a difficult environment. In September 2020 Walmart raised wages for 165,000 employees, including several entry positions to $15 an hour. It followed this in February with a raise for 425,000 workers that moved its average pay above $15 an hour.”