5 Biggest E-Commerce Companies In USA

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

Number of Hedge Fund Holders: 252

Amazon.com, Inc. (NASDAQ:AMZN) is the world’s largest e-commerce retailer that connects merchants with sellers through its website. The firm is based in Seattle, Washington, the United States.

Amazon.com, Inc. (NASDAQ:AMZN) brought in a whopping $127 billion in global net sales in its third fiscal quarter, which marked a 19% growth at a time when populations all over the world were suffering from high inflation. Third party sellers accounted for 58% of the total paid units sold in Q3, indicating that Amazon.com, Inc. (NASDAQ:AMZN) continues to leverage its platform to connect buyers with sellers instead of just selling its own products.

Insider Monkey’s second quarter of 2022 survey covering 895 hedge funds revealed that 252 had invested in Amazon.com, Inc. (NASDAQ:AMZN).

Out of these, Amazon.com, Inc. (NASDAQ:AMZN)’s largest investor is Ken Fisher’s Fisher Asset Management which owns 48 million shares that are worth $5 billion.

Polen Capital mentioned the company in its Q3 2022 investor letter. Here is what the fund said:

At an individual company level, the top three absolute contributors were Amazon.com, Inc. (NASDAQ:AMZN), ADP, and Autodesk. Amazon reported better-than-expected earnings during the quarter driven by robust earnings and margins in AWS, its cloud division. The company also posted positive numbers for advertising in the face of a tough environment for the sector.”

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Disclosure: None. You can also take a look at Best Alternative Energy Stocks To Buy and 10 Best Cybersecurity Stocks To Buy Under $20.

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