5 Tech Stocks To Buy According To Billionaire George Soros

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

Soros Fund Management’s Stake Value: $302,096,000

Percentage of Soros Fund Management’s 13F Portfolio: 5.57%

Number of Hedge Fund Holders: 242

Amazon.com, Inc. (NASDAQ:AMZN) is a Washington-based e-commerce giant and multinational technology company that provides expertise in cloud computing, digital streaming, and artificial intelligence. In Q3 2021, Soros Fund Management held 91,961 shares of Amazon.com, Inc. (NASDAQ:AMZN), worth $302 million, representing 5.57% of the fund’s 13F investments. 

Amazon.com, Inc. (NASDAQ:AMZN) published its Q4 results on February 3, posting earnings per share of $27.75, beating estimates by $24.09. The company’s revenue for the period totaled $137.41 billion, missing estimates by $173.16 million. 

Citi analyst Jason Bazinet on February 9 raised the price target on Amazon.com, Inc. (NASDAQ:AMZN) to $4,115 from $4,100 and kept a Buy rating on the shares after the company’s Q4 results. The analyst continues to see “ample room for growth” in Amazon.com, Inc. (NASDAQ:AMZN)’s business-to-business services.

In the third quarter of 2021, 242 hedge funds were bullish on Amazon.com, Inc. (NASDAQ:AMZN), with stakes totalling $42.5 billion, as compared to 271 funds holding stakes in Amazon.com, Inc. (NASDAQ:AMZN) worth over $60 billion in the quarter earlier. Fisher Asset Management held a prominent stake in Amazon.com, Inc. (NASDAQ:AMZN) in Q3 2021, with 1.93 million shares worth $6.3 billion.

Here is what Weitz Investment Management, Inc. has to say about Amazon.com, Inc. (NASDAQ:AMZN) in its Q4 2021 investor letter:

“Several “platform” companies thrived during COVID and have been very strong stocks. In 2021, their businesses continued to thrive, though their stock prices cooled off. Amazon continues to steamroll the competition and grow rapidly, but its stock ended the year about where it began.”

You can also take a look at 10 High Dividend Stocks to Buy According to Billionaire Lee Cooperman and 10 Stocks to Buy and Hold According to Bill Gates

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