5 Best Growth Stocks to Buy and Hold in 2024

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

Number of Q4 2023 Hedge Fund Shareholders: 293

Amazon.com, Inc. (NASDAQ:AMZN) is a eCommerce and cloud computing company. The firm is making big moves in both these markets in April 2023, as for the former front it has announced a new unlimited grocery delivery subscription for Prime members. For the latter, it aims to bring third party business AI computing to its AWS platform.

As of December 2023 end, 293 out of the 933 hedge funds part of Insider Monkey’s database had bought a stake in the firm. Amazon.com, Inc. (NASDAQ:AMZN)’s largest investor in our database is Ken Fisher’s Fisher Asset Management due to its $6.3 billion stake.

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