5 Most Active Stocks to Buy Now

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

Number of Hedge Fund Holders: 252    

Volume as of November 14: 85.20 million

Amazon.com, Inc. (NASDAQ:AMZN) engages in the retail sale of consumer products and subscriptions in North America and internationally. It is one of the most active stocks to buy now. On November 1, Amazon stated that it is putting breaks on its Treasure Truck deal of the day program. On November 1, QuEra, a Quantum computing startup, revealed that its computer is now accessible to the public through Amazon.com’s cloud quantum computer service Bracket.

On October 28, Morgan Stanley analyst Brian Nowak maintained an Overweight rating on Amazon.com, Inc. (AMZN) stock and lowered the price target to $140 from $175, noting that the company’s retail and AWS businesses were slowing faster than expected, which leads to a slower realization of volume-based efficiencies and EBIT growth 

At the end of the second quarter of 2022, 252 hedge funds in the database of Insider Monkey held stakes worth $30 billion in Amazon.com, Inc. (NASDAQ:AMZN), compared to 271 in the preceding quarter worth $48 billion.

In its Q2 2022 investor letter, Baron Funds, an asset management firm, highlighted a few stocks and Amazon.com, Inc. (NASDAQ:AMZN) was one of them. Here is what the fund said:

“Amazon.com, Inc. (NASDAQ:AMZN) is the world’s largest retailer and cloud services, provider. Shares of Amazon declined 35% in the quarter due to weaker-than-expected profits resulting from the overcapacity of resources coming out of COVID. We expect Amazon to grow its retail capacity in the quarters to come, which would enable it to improve profitability accordingly. Amazon remains one of our largest holdings due to its durable competitive advantages with a leading position in multiple trillion-dollar markets with a long runway for growth (…read more)

You can also take a peek at 12 Best Blue Chip Stocks To Buy Today and 10 Best Auto Stocks To Buy Now.

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