5 Best Beginner Stocks To Buy Now

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

Number of Hedge Fund Holders: 278

D.A. Davidson recently reiterated its buy rating on Amazon, citing the company’s AI prowess. D.A. Davidson analyst Tom Forte has a $150 price target on the stock.

Insider Monkey’s database of 910 hedge funds shows that 278 hedge funds reported owning stakes in Amazon as of the end of the second quarter. The biggest stakeholder of the firm was Natixis Global Asset Management’s Harris Associates which owns a $2 billion stake in the company.