5 Best Warren Buffett Stock Picks for Beginners

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

Percentage of Warren Buffett’s Stock Portfolio: 0.39%

Number of Hedge Fund Holders: 278

Amazon.com, Inc. (NASDAQ:AMZN) is an American conglomerate that essentially provides cloud services and online retailing. The company offers its services across Africa and the Middle East, the Americas, Australia, Asia, and Pacific, and Europe. 

On October 24, Seaport Research Partners analyst Aaron Kessler initiated coverage of Amazon.com, Inc. (NASDAQ:AMZN) stock with a Buy rating and a $145 price target. The analyst mentioned that the company has a robust retail margin because of “ad momentum and fulfillment and shipment optimization”. For Q4, the analyst expects the retail margin improvement to continue, Amazon Web Services (AWS) to expand, and e-commerce to grow at a stable pace.

According to Insider Monkey’s database, 278 elite hedge funds owned a stake in Amazon.com, Inc. (NASDAQ:AMZN) stock with a combined stake value of $34.9 billion, compared to 243 hedge funds with a combined stake value of $25.7 billion. Chicago-based Harris Associates was the most significant stakeholder in the company with 15.6 million shares worth $2.036 billion.

White Falcon Capital Management mentioned Amazon.com, Inc. (NASDAQ:AMZN) in its third quarter 2023 investor letter. Here is what it said:

“There are comparable narratives involving NU Holdings, Amazon.com, Inc. (NASDAQ:AMZN), and Teck Resources, to name a few holdings from the White Falcon portfolio. Amazon constructed its logistics network and cloud computing infrastructure using yesterday’s currency, but it is poised to capitalize on this network with the inflated dollars of tomorrow. In essence, we believe we hold wonderful businesses with growing revenue streams and potential for operating leverage – all at reasonable valuations.”

Follow Amazon Com Inc (NASDAQ:AMZN)

You can also look at the Duquesne Family Office’s 15 New Stock Picks and Billionaire David Tepper Doesn’t Like Most Stocks But He Likes These 12.

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