Tiger Global’s 15 Long-Term Stock Picks

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

Number of Hedge Fund Holders: 286  

Amazon.com, Inc. (NASDAQ:AMZN) operates as a technology conglomerate with core interests in the ecommerce business. The company is truly one of the top long term stock picks of Tiger Global. The fund bought a stake in the firm back in the fourth quarter of 2010. It then maintained this stake, with minor adjustments, till 2012. Since the middle of 2015, however, the firm has been a constant feature in the 13F portfolio of Tiger Global. At the end of the third quarter of 2024, the fund owned over 6.4 million shares in the company worth $1.1 billion, representing over 5% of the total 13F portfolio.

Like Tiger Global, JPMorgan is also bullish on Amazon.com, Inc. (NASDAQ:AMZN) stock. It recently raised the price target on the shares to $280 from $250 and kept an Overweight rating on the stock. Despite continued strong share performance and select higher valuations, JPMorgan remains positive on the internet group into 2025, the advisory told investors in a research note. JPMorgan expects artificial intelligence to continue to dominate the investment narrative, but says the focus will shift more to agents and applications.

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