5 Hot Growth Stocks To Buy Right Now

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

P/E Ratio: 62.42

Avg Volume: 44.03 million

Quarterly Revenue Growth: 13.91%

Number of Hedge Fund Holders: 293

Amazon.com, Inc. (NASDAQ:AMZN), a prominent American multinational technology company, boasts a diverse portfolio of business interests, spanning e-commerce, cloud computing through Amazon Web Services (AWS), online advertising, digital streaming, and artificial intelligence.

As of January 9, BMO Capital analysts are maintaining an Outperform rating on Amazon.com, Inc. (NASDAQ:AMZN) along with a $200 price target.

During the December quarter of 2023, 293 out of the 933 hedge funds covered by Insider Monkey’s research held a stake in the firm. Amazon.com, Inc. (NASDAQ:AMZN)’s largest hedge fund investor is Ken Fisher’s Fisher Asset Management, with a $6.4 billion stake.

You can also look at the Top 25 Oil Exporting Countries in the World in 2024 and the 16 Best Large-Cap Value Stocks To Invest In in 2024.

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