Billionaire George Soros’ Long-Term Stock Picks

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

Number of Hedge Fund Holders: 286    

Soros Fund Management’s Stake: $52.2 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. There are several compelling factors that make this company a strong investment. Firstly, as per the reports for the third quarter of 2024, a robust increase in net income is witnessed. For instance, net income increased to $15.3 billion in the third quarter, or $1.43 per diluted share, compared with $9.9 billion, or $0.94 per diluted share, in the third quarter of 2023 year-over-year, reflecting strong growth in profitability. Additionally, operating cash flow increased 57% to $112.7 billion for the trailing twelve months, compared with $71.7 billion for the trailing twelve months ended September 30, 2023. This demonstrates the company’s ability to fund operations, investments, and shareholder returns.