5 Up And Coming Streaming Companies And Services

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

Number of Hedge Fund Holders: 240

Amazon.com, Inc. (NASDAQ:AMZN) is another tech giant on our list, based in Seattle, Washington. The company was included because of its Prime Video streaming platform.

JPMorgan analysts hold an Overweight rating on Amazon.com, Inc. (NASDAQ:AMZN) shares as of April 21.

Amazon.com, Inc.’s (NASDAQ:AMZN) Prime Video has a starting subscription fee of $139 per year. The platform offers exclusive original shows and a wide content selection for consumers.

Out of the 943 hedge funds tracked in the fourth quarter, 240 hedge funds were long Amazon.com, Inc. (NASDAQ:AMZN). Their total stake value was $27.5 billion.

Renaissance Investment Management, an investment management company, mentioned Amazon.com, Inc. (NASDAQ:AMZN) in its fourth-quarter 2022 investor letter. Here’s what the firm said:

“On the negative side, Amazon.com, Inc. (NASDAQ:AMZN) was our worst performing stock in the quarter. The company is finally seeing the consumer and enterprise weakness that other companies encountered earlier in the year. In addition, AWS growth decelerated in the third quarter, with management citing new pricing pressures as competitors look to gain market share. We found Amazon’s comments on cost controls and employee layoffs concerning, given the company’s historical propensity to invest in all macroeconomic environments. Management’s comments that the macro-economic slowdown was more sudden than expected is also concerning, especially since they do not expect an improvement in consumer trends anytime soon.”

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See also 11 Best Streaming Stocks To Buy and 11 Best Communication Stocks to Buy.

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