5 Metaverse Stocks to Invest In

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

Number of hedge fund holders: 243

Amazon.com, Inc. (NASDAQ:AMZN) is well known for its electronic commerce platform Amazon, which connects merchants all over the world to consumers. This platform also primes the company as a key player in the metaverse sphere, as it can allow its customers to virtually browse product catalogs, through AR product displays which is something that it has already experimented with.

For its fiscal Q3, Amazon.com, Inc. (NASDAQ:AMZN) brought in  $110 billion in revenue and $6.12 in GAAP EPS as it missed analyst estimates for both. Cowen increased its price target to $4,500 in December 2021 sharing optimism for growth next year.

Amazon.com, Inc. (NASDAQ:AMZN)’s market capitalization stood at $1.74 trillion as trading ended on December 23rd, 2021. Insider Money’s Q3 2021 survey of 867 hedge funds revealed that 243 had bought the company’s shares.

Ken Fisher’s Fisher Asset Management is Amazon.com, Inc. (NASDAQ:AMZN)’s largest investor according to Insider Monkey’s research through a $6.3 billion stake via 1.9 million shares.

Polen Capital mentioned Amazon.com, Inc. (NASDAQ:AMZN) in its Q3 2021 investor letter, highlighting that:

“Amazon has also lagged as its revenue growth is slowing on the very difficult comparisons from last year when this behemoth was growing revenue by over 40%. We still expect exceptional long-term growth and significant margin expansion as the fastest growing (and now large) segments of Amazon are also generating the highest margins.”