5 Best 52-Week Low Large Cap Stocks To Buy Now

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

YTD return as of December 30, 2022: -50.60%

Number of Hedge Fund Holders: 269

Amazon.com, Inc. (NASDAQ:AMZN) is a global e-commerce and technology company that provides a range of products and services, including online retail, cloud computing, and artificial intelligence (AI). Amazon.com, Inc. (NASDAQ:AMZN) is known for its online retail platform, which is one of the largest and most popular in the world. The platform allows customers to purchase a wide range of products, including books, electronics, home goods, and more.

On December 1, 2022, John Blackledge, an analyst at Cowen, increased his price target on Amazon.com, Inc. (NASDAQ:AMZN) to $160 from $150 while keeping an Outperform rating on the stock. Heading into 2023, the analyst anticipates a reduction in operating losses, excluding Amazon Web Series (AWS) and advertising as cost pressures ease.

According to Insider Monkey’s database, 269 hedge funds owned stakes in the company at the end of the September quarter. Fisher Asset Management held the biggest stake in Amazon.com, Inc. (NASDAQ:AMZN) at the end of Q3 2022.

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