Billionaire Tom Sandell is Buying These 5 Stocks

3.  Amazon.com, Inc. (NASDAQ:AMZN)

Sandell Asset Management’s Stake Value: 15,001,000 

Percentage of Sandell Asset Management’s 13F Portfolio: 8.39%

Doug Anmuth at JPMorgan has made the bold claim that Amazon.com, Inc. (NASDAQ:AMZN) will take over Walmart Inc. (NYSE:WMT) to become the largest retailer in the US in 2022 in a note he issued to investors on November 24. The analyst highlights that Amazon.com, Inc. (NASDAQ:AMZN) has doubled its fulfillment centers since the COVID-19 pandemic began in early 2020, and now the company does not have constraints related to space. The analyst anticipates the holiday sales in the US to increase by more than 14.5% from 2020. In 2020, holiday sales grew by 32% on a YoY basis as the COVID-19 pandemic eased and the US government reinvigorated the economy by giving out stimulus cheques to its citizens.

 Of the 867 hedge funds in Insider Monkey’s database, 242 held a stake in Amazon.com, Inc. (NASDAQ:AMZN) at the end of Q3 2021. Davis Funds shared its stance on Amazon.com, Inc. (NASDAQ:AMZN) in its Q3 2021 investor letter. Here’s what the investment management firm said:

“E-commerce, online search and advertising, social media and software are another component of the portfolio that have proven, attractive businesses. The online portion of the Fund is currently dominated by such market leaders as Amazon.com. We are attracted to these names based on the size and rapid expansion of their market opportunities globally, their ability to generate and grow new revenue sources through constant innovation, ample operating leverage as they continue to scale and capable, focused, highly competitive leadership teams. If purchased at sensible prices, these types of businesses in our experience can contribute meaningfully to long-term results.”