Tech Billionaire Chase Coleman’s Top 10 Stock Picks

7. Amazon Com Inc (NASDAQ:AMZN)

Shares held by Tiger Global: 6.42 million

Value of position: $1.20 billion

With a market capitalization of $2.16 trillion, Amazon Com Inc (NASDAQ:AMZN) is a major player in global technology and e-commerce, with a known presence in industries like retail, cloud computing, and digital entertainment. In 2024, Amazon’s revenue reached $620.13 billion, supported by a profit margin of 8.04%.

For Tiger Global Management, Amazon Com Inc (NASDAQ:AMZN) is a core part of its investment portfolio, alongside other tech giants mentioned in this list. Tiger Global holds 6.42 million shares of Amazon, representing a 5.1% weighting of their portfolio, valued at approximately $1.20 billion.

With a net income of $49.87 billion for the trailing twelve months, the company demonstrates strong profitability. Its forward P/E ratio of 33.44 supports this, suggesting it may still offer value relative to its future growth expectations. Investors expect revenue to grow by 10.95% in 2024, with projections of $706.51 billion for 2025.

Many investors see Amazon Com Inc (NASDAQ:AMZN) as a growth stock that continues to evolve, especially in areas like artificial intelligence, logistics, and entertainment. Amazon’s ability to maintain its dominance across multiple sectors and its ongoing innovation make it a company with a solid growth trajectory. The company’s future remains promising, as reflected in its analysts’ target price of $239 per share.