Billionaire Ken Fisher’s 5 Favorite Tech Stocks

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

Ken Fisher’s hedge fund upped its stake in Amazon by 10% in the first quarter of 2022, ending the period with 2.4 million shares of the company, worth $7.7 billion. Wedbush recently removed Amazon from its Best Ideas List due to its investment price discipline. The firm’s analyst Michael Pachter has a $3500 price target on Amazon stock.

Amazon is the most popular stock among the 924 hedge funds tracked by Insider Monkey. As of the end of the fourth quarter of 2021, 279 funds had stakes in the ecommerce and Cloud giant. The total value of these stakes was $49 billion.