5 Best Drone Stocks to Invest In

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

Number of Hedge Fund Holders: 243

Amazon.com, Inc. (NASDAQ: AMZN) is a technology company that works in the retail of consumer products in the US and internationally. With the company’s massive delivery program operating worldwide, it has begun to move towards the use of delivery drones for its deliveries, with the launch of the Amazon Prime Air delivery service in 2019. As a result, the company ranks 1st on our list of the best drone stocks to invest in.

In the first quarter of 2021, the company beat EPS estimates of $9.64 with their $15.79 EPS value and reported a revenue of $108.5 billion, representing a 41.47% growth year over year. Amazon.com, Inc. (NASDAQ: AMZN) also gained 8.98% in the past 6 months and 9.5% year to date and has a profit margin of 40.48% as well.

As of the end of the first quarter this year, 243 hedge funds out of the 866 tracked by Insider Monkey held stakes in Amazon.com, Inc. (NASDAQ: AMZN), worth roughly $50.4 billion. This is compared to 273 hedge fund holders in the previous quarter, with a stake value of roughly $51.5 billion.

Our calculations show that Amazon.com, Inc. (NASDAQ: AMZN) ranks 3rd in our list of the 30 Most Popular Stocks Among Hedge Funds.

You can also take a peek at the 10 Best Technology Stocks That Pay Dividends and 14 Best Cloud Computing Stocks To Invest In.

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