5 Best ESG Stocks to Invest In

 2. Amazon.com, Inc. (NASDAQ:AMZN)

Number of Hedge Fund Holders: 252

% of Vanguard ESG U.S. Stock ETF Holdings: 3.60%

Amazon.com, Inc. (NASDAQ:AMZN) is a leading online retailer and one of the highest-grossing e-commerce aggregators, with $386 billion in net sales and approximately $578 billion in estimated physical/digital online gross merchandise volume in 2021.

Amazon.com, Inc. (NASDAQ:AMZN) reported Q2-2022 revenue of $121.2 billion, up 10% year-over. The management stated that many factors, including uncertainty regarding the impacts of the COVID-19 pandemic, fluctuations in foreign exchange rates, changes in global economic conditions and customer demand and spending, and inflation continue to impact the performance of the company.

Alger Capital mentioned the company in its Q2 2022 investor letter, outlining that:

“Amazon.com, Inc. (NASDAQ:AMZN) detracted from portfolio performance in part due to poor operating profit and concerns about future margins. The company disclosed that its first-quarter retail revenues increased 3% relative to Q1 2021 due to increased online shopping last year during the COVID-19 pandemic restrictions fueled by direct-to-consumer fiscal stimulus payments. This growth met an estimate from a consensus of analysts at financial services firms, according to FactSet. For the first quarter, however, amazon.com reported $3.7 billion in operating profit versus $5.3 billion anticipated by a consensus estimate. This substantial miss was driven by increased fuel and international shipping expenses, increased staffing due to hiring for employees who were sick with covid-19 and fulfilment centre capacity buildout that is now becoming better utilized. These factors resulted in shares of amazon.com underperforming during the second quarter.”

This stock was held by 252 hedge fund holders in our database at the end Q2-2022 and is therefore included in our list of 10 Best ESG Stocks to Invest In.