5 Best Retail Stocks to Buy Now

Page 5 of 5

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

Number of Hedge Fund Holders: 269

Amazon.com, Inc. (NASDAQ:AMZN) is a multinational technology business with an emphasis on digital streaming, cloud computing, internet advertising, and artificial intelligence. It is one of the finest retail stocks to buy now. Given its scale, Amazon.com, Inc. (NASDAQ:AMZN) has been consistently profitable despite economic challenges. On October 27, the company posted earnings for the third quarter of 2022, reporting an EPS of $0.28, beating market estimates by $0.07. The revenue over the period was $127.1 billion, up 14.7% compared to the revenue over the same period last year.

On December 1, Cowen analyst John Blackledge maintained an Outperform rating on Amazon.com, Inc. (NASDAQ:AMZN) stock and raised his price target to $160 from $150.

Amazon.com, Inc. (NASDAQ:AMZN) is also popular with hedge funds. According to Insider Monkey’s Q3 data, 269 hedge funds had stakes in Amazon.com, Inc. (NASDAQ:AMZN). The total value of the holdings is approximately $34.6 billion. When looking at the institutional investors followed by Insider Monkey, Fisher Asset Management, managed by Ken Fisher, holds the biggest position in the company.

You can also take a peek at 10 Best Bargain Stocks To Buy Right Now and 10 Best Infrastructure Stocks To Buy Now.

Page 5 of 5