Top 5 Stock Picks of Donald Sussman’s Paloma Partners

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

Paloma Partners Stake Value: $23,882,000
Percentage of Paloma Partners’ 13F Portfolio: 0.43%
Number of Hedge Fund Holders: 271

Among the list of top 10 stock picks of Donald Sussman’s Paloma Partners is Amazon.com, Inc. (NASDAQ:AMZN), an American multinational tech company. For the third quarter, the company posted lower-than-expected results. The company’s EPS was $6.12, missing the estimates by $2.81. In addition, AWS net sales came in at $11.6 billion, vs. forecast of $15.40 billion.

Hedge fund sentiment increased for Amazon.com, Inc. in the second quarter. Insider Monkey’s data shows that 271 elite hedge funds held stakes in the company at the end of the second quarter, up from 243 funds a quarter earlier.

Polen Capital, an investment management firm, in its third-quarter 2021 investor letter, mentioned Amazon.com, Inc. (NASDAQ:AMZN). Here is what the fund said:

“Amazon has also lagged as its revenue growth is slowing on the very difficult comparisons from last year when this behemoth was growing revenue by over 40%. We still expect exceptional long-term growth and significant margin expansion as the fastest growing (and now large) segments of Amazon are also generating the highest margins.”