5 Best Streaming Stocks To Buy Now

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

Number of Hedge Fund Holders: 269

Founded in 1994, Amazon.com, Inc. (NASDAQ:AMZN) is best known for its online marketplace, allowing customers to purchase a wide range of products from various merchants. The company also offers a range of other products and services, including streaming video and music, cloud storage, and home security. Amazon Prime is a paid subscription service offered by Amazon.com, Inc. (NASDAQ:AMZN) that provides users access to streaming of movies, TV shows, music, and other perks. The service is designed to make shopping on Amazon more convenient and rewarding for its customers.

On December 19, 2022, Mark Mahaney, an analyst at Evercore ISI, reduced his price target on Amazon.com, Inc. (NASDAQ:AMZN) to $150 while keeping an Outperform rating on the stock. The analyst’s estimates are below the market as the confidential data sources point toward weak demand for cloud computing and online shopping. However, the analyst still views Amazon.com, Inc. (NASDAQ:AMZN) as an attractive stock for long-term investors.

According to Insider Monkey’s database, 269 hedge funds owned stakes in the company at the end of the September quarter. Fisher Asset Management held the biggest stake in Amazon.com, Inc. (NASDAQ:AMZN) at the end of Q3 2022.

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