Billionaire Louis Bacon’s 5 Tech Stock Picks

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

Moore Global Investments’ Stake Value: $42,234,000

Percent of Moore Global Investments 13F portfolio: 2.06%

Number of Hedge Fund Holders: 271

Amazon.com, Inc. (NASDAQ:AMZN) tops our list of the billionaire Louis Bacon’s 10 tech stock picks. It is an American multinational company that focuses on cloud computing, artificial intelligence, e-commerce, and digital streaming. Amazon.com, Inc. (NASDAQ:AMZN) is one of the biggest companies in the U.S. information technology industry.

In Q2 2021, Louis Bacon’s Moore Global Investments held 42,234 shares in Amazon.com, Inc. (NASDAQ:AMZN), worth over $145.2 million. The hedge fund increased its stake by 8% in the company, which represents 2.06% of the fund’s 13F portfolio.

Recently, RBC Capital initiated its coverage on Amazon.com, Inc. (NASDAQ:AMZN) with an ‘Outperform’ rating and a $4,150 price target, highlighting the company’s importance in the cloud business.

Of the 873 hedge funds tracked by Insider Monkey, 271 hedge funds have positions in Amazon.com, Inc. (NASDAQ:AMZN), worth over $60.4 billion. The number of hedge funds having stakes in the company stood at 243 in the previous quarter.

You can also take a look at 10 Best Biotech Stocks To Buy For 2021 and 10 Best Tech Stocks to Buy According to Billionaire Ken Griffin

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