5 Consumer Technology Stocks to Invest In According to Ken Fisher

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

Fisher Asset Management’s Stake Value: $7.2 billion

Percentage of Fisher Asset Management’s 13F Portfolio: 4.04%

Number of Hedge Fund Holders: 279

Amazon.com, Inc. (NASDAQ:AMZN) is primarily known for its online marketplace that connects buyers with a large variety of sellers, both large and small. The company also offers consumer electronics products such as readers and smart speakers.

Mr. Fisher’s investment firm held a $7.2 billion stake in Amazon.com, Inc. (NASDAQ:AMZN) as the fourth quarter of last year came to an end. This came via 2.1 million shares and represented 2.04% of its investment portfolio. Insider Monkey’s research covering 924 hedge fund holdings for the same time period revealed that 279 had owned the company’s shares.

Amazon.com, Inc. (NASDAQ:AMZN) earned $27.75 in EPS and $137 billion in revenue for its fiscal Q4, missing analyst revenue estimates and beating them for revenue. The company’s satellite internet division Kuiper, which aims to provide both ordinary users and firms with internet coverage, announced a mega launch contract with three different companies in April 2022.

Boykin Curry’s Eagle Capital Management is Amazon.com, Inc. (NASDAQ:AMZN)’s largest investor after Fisher Investments, holding 677,828 shares that are worth $2.3 billion.

Davis Funds mentioned the company in its fourth quarter 2021 investor letter. Here is what the fund said:

“Within the traditional growth category, growing euphoria has led to bubble prices for many companies, most especially those with new and unproven business models such as those discussed above. In contrast, our research focuses on a select handful of proven growth stalwarts whose shares still trade at reasonable valuations. For example, because of concerns about future litigation and regulation, several dominant internet businesses, including Amazon, trade at steep discounts to many unproven and unprofitable growth darlings that, in our view, trade at euphoric prices. While we expect a continued barrage of negative headlines around the company, as well as increased regulation in the years ahead, we do not expect a significant decline in its long-term profitability.”