5 Best Investments for Beginners in 2024

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

Number of Hedge Fund Holders: 293

Quarterly Revenue Growth: 12.53%

Amazon.com, Inc. (NASDAQ:AMZN), a leading American multinational technology company, offers a diverse portfolio spanning e-commerce, cloud computing via Amazon Web Services (AWS), online advertising, digital streaming, and artificial intelligence. Its e-commerce platform boasts a wide array of products, from gourmet food to consumer electronics.

Insider Monkey’s database, monitoring 933 elite hedge funds, indicates a favorable sentiment towards Amazon.com, Inc. (NASDAQ:AMZN) in Q4. The number of hedge funds with investments in the stock increased to 293, up from 286 in the previous quarter.