Israel Englander’s Stock Portfolio: Top 10 Stocks to Invest in

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

Number of Hedge Fund Holders as of Q4: 338

Millennium Management’s Equity Stake: $949.44 Million 

As of Q4 2024, Millennium Management held over 4.3 million shares of Amazon.com, Inc. (NASDAQ:AMZN), valued at over $949 million. Hedge fund interest in the company also increased, with 338 funds tracked by Insider Monkey holding positions worth nearly $69.02 billion by the end of the quarter, up from 286 funds in Q3.

The stock price of Amazon.com, Inc. (NASDAQ:AMZN) stood at approximately $216.58 per share as of February 24, 2025, reflecting ongoing market fluctuations. Despite its strong market capitalization of $2.23 trillion, shares recently dipped nearly 3% to a low of $214.74, the lowest since early December. The decline followed the company’s Q4 2024 earnings report, which, while showcasing solid EPS of $1.86 that exceeded analyst expectations by 25.3% and an impressive revenue of $187.8 billion, a 10% year-over-year increase, also revealed a Q1 2025 sales forecast of $151 billion to $155.5 billion, falling short of Wall Street’s $158.5 billion expectations. Investor concerns were further fueled by Amazon’s ambitious $100 billion spending plan for AWS and AI, up from $83 billion in 2024, alongside a $2.1 billion foreign exchange headwind.

Amazon.com, Inc. (NASDAQ:AMZN)’s long-term performance remains impressive, with its stock rising over 226,744% since its 1997 IPO. In Q4 2024, the company’s operating income surged to $21.2 billion from $13.2 billion the previous year, while net income doubled to $20 billion. AWS continued to drive growth, with a 19% increase in quarterly revenue to $28.8 billion. For the full year, the company’s net sales grew by 11% to $638 billion, with operating income nearly doubling to $68.6 billion and net income reaching $59.2 billion. While Amazon.com, Inc. (NASDAQ:AMZN) stock soared 44% in 2024, outperforming the broader market’s 23% gain, early 2025 has been more volatile due to conservative forward guidance. Despite short-term market concerns, the company’s strong financials and continued dominance in e-commerce and cloud computing position it for long-term growth.