5 Stocks To Buy According To Ronald Hua’s QTRON Investments

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

QTRON Investments’ Stake Value: $10.2 million
Percentage of QTRON Investment’s 13F Portfolio: 2.59%
Number of Hedge Fund Holders: 271

Amazon.com, Inc. (NASDAQ:AMZN) has earned its place as a global giant in the e-commerce industry over the years. One of the big five companies in the United States technology sector, the rose to the top in the cloud infrastructure sphere, controlling 32% of the market.

On October 21, Baird analyst Colin Sebastian maintained an Outperform rating on Amazon.com, Inc. (NASDAQ:AMZN), alongside a $4000 price target on its shares.

According to the Q2 Filings, Ronald Hua holds 2,975 shares in Amazon.com, Inc. (NASDAQ:AMZN), worth more than $10.2 million, accounting for 2.59% of his hedge fund’s portfolio. As of the end of the second quarter, 271 hedge funds tracked by Insider Monkey reported owning stakes in Amazon.com, Inc. (NASDAQ:AMZN). The total worth of these stakes is $60.49 billion. This shows the hedge fund sentiment is positive for the e-commerce company, as 243 funds had stakes in the company in the previous quarter, with a total worth of $50.4 billion.

Ken Fisher’s Fisher Asset Management is among the most notable stakeholders in Amazon.com, Inc. (NASDAQ:AMZN), with over 1.87 million shares worth more than $6.45 billion.

Polen Capital, in its Q3 2021 investor letter, mentioned Amazon.com, Inc. (NASDAQ:AMZN). Here is what the fund said:

“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.”