Steve Cohen Is Holding These 5 Tech Stocks Despite Selloff

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

Point72 Asset Management’s Holdings: $285 million

Percentage of Point72 Asset Management’s Portfolio: 1.13%

Number of Hedge Fund Holders: 279

Amazon.com, Inc. (NASDAQ:AMZN) is an online platform provider that allows merchants from all over the world to target customers willing to buy their products. Additionally, it also provides cloud computing services and consumer electronics.

Mr. Cohen’s hedge fund had owned a $285 million stake in Amazon.com, Inc. (NASDAQ:AMZN) during Q1 2022, by holding 87,505 shares of the company. Insider Monkey scanned 924 hedge fund holdings for 2021’s December quarter to discover that 279 had also invested in the firm.

Amazon.com, Inc. (NASDAQ:AMZN) managed to rake in $116 billion in revenue and -$7.56 in GAAP EPS for its fiscal Q1. This revealed that the company could do more in both areas as it missed analyst EPS estimates and met them for revenue. Citi kept a $4,100 share price target for the company in May 2022, as it shared optimism about its capabilities to do better in the second half of 2022.

Amazon.com, Inc. (NASDAQ:AMZN)’s largest investor is Marcio Appel’s Adam Capital which owns 15,875 shares that are worth $51 billion.

Disclosure: None. You can also take a look at 12 Best Semiconductor Stocks To Invest In Right Now and 10 Cheap Dividend Kings with Over 2% Yield.

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