Morgan Stanley’s Top 5 Stock Picks For 2023

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

Share Price Upside: 44%

Number of Hedge Fund Holders In Q4 2022: 240

Amazon.com, Inc. (NASDAQ:AMZN) is an electronic commerce retailer enabling merchants to connect with retail customers, with other divisions as well such as cloud computing and satellite internet.

Amazon.com, Inc. (NASDAQ:AMZN) is shifting its European network, as it is increasingly cutting ties with distributors to source directly from merchants instead. 240 of the 943 hedge funds part of Insider Monkey’s Q4 2022 survey had bought its shares.

Amazon.com, Inc. (NASDAQ:AMZN)’s largest shareholder is Ken Fisher’s Fisher Asset Management which owns 50.5 million shares that are worth $4.2 billion.

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