5 Best Media Stocks To Buy Now

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

Number of Hedge Fund Holders: 271

Amazon.com, Inc. (NASDAQ:AMZN), an American multinational e-commerce and technology company, is quickly expanding its digital media streaming services through its major channel, Amazon Prime, which has gained over 153 million subscribers in the U.S.

Of the 873 elite hedge funds tracked by Insider Monkey, 271 hedge funds reported owning stakes in Amazon.com, Inc. (NASDAQ:AMZN), up from 243 in the previous quarter. The total value of these stakes is over $60.4 billion.

Recently, Baird lifted its price target on Amazon.com, Inc. (NASDAQ:AMZN) to $4,000, with an Outperform rating on the shares, appreciating the company’s technology infrastructure.

Polen Capital mentioned Amazon.com, Inc. (NASDAQ:AMZN) in its Q3 2021 investor letter. Here is what the firm has to say:

Amazon has also lagged as its revenue growth is slowing on the very difficult comparisons from last year when this behemoth was growing revenue by over 40%. We still expect exceptional long-term growth and significant margin expansion as the fastest growing (and now large) segments of Amazon are also generating the highest margins.”

You can also take a look at 10 Biggest Companies Behind Upcoming Movies and TV Shows and 10 Best Telecom Stocks to Buy Right Now

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