5 Most Popular Retail Investor Stocks in 2024

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

Number of Q4 2023 Hedge Fund Shareholders: 293

Amazon.com, Inc. (NASDAQ:AMZN) is a technology firm with a commanding presence in the lucrative eCommerce and cloud computing industries. Another favorite Wall Street stock pick, the shares are rated Strong Buy on average. The average share price target is $212.71.

During last year’s fourth quarter, 293 out of the 933 hedge funds surveyed by Insider Monkey had bought and owned the firm’s shares. Amazon.com, Inc. (NASDAQ:AMZN)’s largest hedge fund investor is Ken Fisher’s Fisher Asset Management as it owns $6.3 billion worth of shares.

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