Ken Fisher Stock Portfolio: Top 10 Stock Picks

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

Stake Value as of Q4 2024: $9,907,594,875

Amazon.com, Inc. (NASDAQ:AMZN) is an American multinational technology company that engages in e-commerce, online advertising, cloud computing, artificial intelligence, and digital streaming.

On February 6, the company declared financial results for the fourth quarter of fiscal 2024. It reported net sales of $187.8 billion, increasing 10% from last year, driven by robust sales growth in the North America and International segments. AWS segment sales were also up 19% year-over-year to $28.8 billion.

Amazon.com, Inc. (NASDAQ:AMZN)’s operating income increased to $21.2 billion, improving substantially from $13.2 billion during the prior year’s period. Net income jumped 88% year-over-year to $20 billion. Diluted EPS was logged at $1.86, smashing expectations of $1.49 per share.

This was the first instance of Amazon.com, Inc. (NASDAQ:AMZN) dethroning Walmart in quarterly revenue. The strong show in Q4 has led to a bullish sentiment around the company. Wall Street analysts have a consensus Strong Buy rating for the stock, with an average share price upside potential of 34%.

According to Insider Monkey’s database, Amazon.com, Inc. (NASDAQ:AMZN) is the most owned stock by hedge funds. As of Q4 2024, 339 firms held a stake in the company, up from 286 at the end of the third quarter. Below is an excerpt from RiverPark Large Growth Fund’s Q4 2024 investor letter:

“With its ability to continue its market share gains in its three leading businesses (e-commerce, web services and online advertising), plus a multi-year operating margin expansion opportunity (from improved e-commerce margins and greater contribution from the faster growing, higher margin AWS and advertising segments), we believe Amazon remains one of the best-positioned global growth companies in the world.”

Amazon.com, Inc. (NASDAQ:AMZN) is among the top picks from the Ken Fisher stock portfolio, with a stake value of approximately $9.9 billion.