5 Best Delivery Stocks to Buy According to Hedge Funds

3. FedEx Corporation (NYSE:FDX)

Number of Hedge Fund Holders: 70

FedEx Corporation (NYSE:FDX) provides a comprehensive suite of delivery services, including overnight couriers, freight services, and international shipping. The company continues to invest in technology to enhance its logistics infrastructure, providing real-time tracking and efficient delivery solutions to its customers. Recently, FedEx Corporation (NYSE:FDX) is reported to have been in talks with Amazon (NASDAQ:AMZN) to do business together. Both the companies ended their partnership back in 2019.

In Q4 2023, FedEx Corporation (NYSE:FDX) saw its hedge fund holdings increase from 67 to 70. However, the total value of these holdings decreased from about $2.9 billion to $2.3 billion, a reduction of roughly $640.66 million.