Billionaire Dan Loeb’s Top Stock Picks

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

Number of Hedge Fund Holders: 286    

Third Point’s Stake: $689.4 million

Amazon.com, Inc. (NASDAQ:AMZN) engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally. This company’s appeal as an investment opportunity lies in several key aspects. Firstly, as per the report for the third quarter of 2024, free cash flow less principal repayments of finance leases and financing obligations increased to $44.9 billion for the trailing twelve months, compared with $15.9 billion for the trailing twelve months. This reflects the company’s position to reduce debt, reinvest, and return value to shareholders. In addition, reported operating cash flow increased 57% to $112.7 billion for the trailing twelve months, compared with $71.7 billion for the trailing twelve months, highlighting the company’s ability to fund operations and investments. Secondly, the company has announced investments in the Delivery Service Partner program of $2.1 billion in North America to support safety programs, training, incentives, and more. The company also plans to invest 25 billion yen in Japan to support last-mile delivery innovation and safety and technology for drivers.