5 Top Rated Blue Chip Stocks Wall Street Analysts Are In Love With: January 2024

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

Number of Hedge Fund Investors In Q3 2023: 286

Average Analyst Share Rating: 1.7

Amazon.com, Inc. (NASDAQ:AMZN) is the world’s biggest eCommerce company. Over the years, it has diversified its business model to also include cloud computing and other products. The shares are rated Strong Buy on average and analysts have set an average share price target of $182.24.

By the end of last year’s third quarter, 286 out of the 910 hedge funds covered by Insider Monkey’s research had invested in the company. Amazon.com, Inc. (NASDAQ:AMZN)’s largest hedge fund shareholder is Ken Fisher’s Fisher Asset Management since it holds a $5.2 billion stake.

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