5 Best Advertising Stocks To Invest In

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

Number of Hedge Fund Holders: 278

Amazon.com, Inc. (NASDAQ:AMZN) is becoming a digital ads giant by the day. In the second quarter alone Amazon.com, Inc. (NASDAQ:AMZN)’s ads business brought in a whopping $10.68 billion in sales, a 22% jump on a YoY basis. Amazon.com, Inc. (NASDAQ:AMZN) enjoys about 7.3% of the worldwide digital ad market, according to Insider Intelligence.

A total of 278 hedge funds out of the 910 hedge funds tracked by Insider Monkey had stakes in Amazon.com, Inc. (NASDAQ:AMZN). The most significant stakeholder of Amazon.com, Inc. (NASDAQ:AMZN) during this period was Oscar Hattink’s BlueDrive Global Investors which had an $8.4 million stake in the company.

White Falcon Capital Management made the following comment about Amazon.com, Inc. (NASDAQ:AMZN) in its Q3 2023 investor letter:

“There are comparable narratives involving NU Holdings, Amazon.com, Inc. (NASDAQ:AMZN), and Teck Resources, to name a few holdings from the White Falcon portfolio. Amazon constructed its logistics network and cloud computing infrastructure using yesterday’s currency, but it is poised to capitalize on this network with the inflated dollars of tomorrow. In essence, we believe we hold wonderful businesses with growing revenue streams and potential for operating leverage – all at reasonable valuations.”