Warren Buffett Loaded Up on These 5 Stocks for the Rest of 2022

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

Number of Hedge Fund Holders: 271

Berkshire Hathaway acquired a position in Amazon.com, Inc. (NASDAQ:AMZN) in the first quarter of 2019. The hedge fund lifted its Amazon.com, Inc. (NASDAQ:AMZN) stake by a whopping 1900% in Q2 2022, holding 10.6 million shares worth $1.13 billion, representing 0.37% of the total 13F securities. On August 5, Amazon.com, Inc. (NASDAQ:AMZN) announced that it is acquiring iRobot for $61 per share in a deal valued at $1.7 billion. 

On July 29, UBS analyst Lloyd Walmsley raised the price target on Amazon.com, Inc. (NASDAQ:AMZN) to $180 from $167 and maintained a Buy rating on the shares. The company posted solid Q2 results with “robust” backlog growth, while its Q3 revenue growth outlook of 13% to 17% also exceeded expectations, the analyst told investors in a bullish thesis. He added that Amazon.com, Inc. (NASDAQ:AMZN)’s fulfillment expense and COGS were both less than his estimates, though these were partly offset by higher marketing costs.

According to Insider Monkey’s data, Amazon.com, Inc. (NASDAQ:AMZN) was part of 271 hedge fund portfolios at the end of Q1 2022, compared to 279 funds in the earlier quarter. Jaime Sterne’s Skye Global Management is a notable position holder in the company as of Q1, with 740,500 shares worth $2.4 billion. 

Here is what Alphyn Capital has to say about Amazon.com, Inc. (NASDAQ:AMZN) in its Q2 2022 investor letter:

“It is interesting to see how sentiment on Amazon went from positive to negative in one quarter, as it transpired that it too was not as immune to post-covid slowdowns as some, myself included, had expected. However, I feel confident that Amazon, as the apex predator in the e-commerce space, will navigate market softness better than most other retailers. Moreover, once it finishes with its current capex cycle, it will continue to improve margins. Andy Jassy is reportedly spending one-third of his time focused on capacity and supply issues in the retail division.”

You can also take a look at Cathie Wood’s 10 Favorite Stock Picks For The Rest of 2022 and 7 Energy Stocks to Buy Now According to Billionaire Leon Cooperman. 

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