5 Best Delivery Stocks To Buy Now

In this piece, we will take a look at the five best delivery stocks to buy now. For more stocks, head on over to 10 Best Delivery Stocks To Buy Now.

5. FedEx Corporation (NYSE:FDX)

Number of Hedge Fund Investors in Q4 2022: 48

FedEx Corporation (NYSE:FDX) is an American company that is headquartered in Memphis, Tennessee. The firm operates a global courier network that accepts and delivers parcels to hundreds of countries globally. FedEx Corporation (NYSE:FDX) also has tens of thousands of vehicles and hundreds of delivery centers.

Insider Monkey’s Q4 2022 survey covering 943 hedge fund portfolios revealed that 48 had held a stake in the company. FedEx Corporation (NYSE:FDX)’s largest hedge fund shareholder is Peter Rathjens, Bruce Clarke, and John Campbell’s Arrowstreet Capital which owns 1.9 million shares that are worth $338 million.

4. Walmart Inc. (NYSE:WMT)

Number of Hedge Fund Investors in Q4 2022: 66

Walmart Inc. (NYSE:WMT) is the biggest retailer in the world with more than ten thousand stores. The firm is headquartered in Bentonville, Arkansas and it also operates its own delivery network. Walmart Inc. (NYSE:WMT) is also aiming to make its delivery network carbon emissions friendly and has partnered up win an electric vehicle firm to buy new vas.

As of December 2022, 66 of the 943 hedge funds surveyed by Insider Monkey had held a stake in the company. Out of these, Walmart Inc. (NYSE:WMT)’s largest hedge fund shareholder is Ken Fisher’s Fisher Asset Management which owns 8.4 million shares that are worth $1.1 billion.

3. Shopify Inc. (NYSE:SHOP)

Number of Hedge Fund Investors in Q4 2022: 66

Shopify Inc. (NYSE:SHOP) is a Canadian firm that is headquartered in Ottawa, Ontario. The firm provides an electronic commerce platform to merchants to connect with everyday consumers. At the same, it also meets its merchants’ delivery requirements and handles services such as fulfillment and shipping orders.

Insider Monkey took a look at 943 hedge fund portfolios for last year’s fourth quarter and found out that 66 had invested in Shopify Inc. (NYSE:SHOP). The firm’s largest shareholder is Catherine D. Wood’s ARK Investment Management which owns 13 million shares that are worth $460 million.

2. Uber Technologies, Inc. (NYSE:UBER)

Number of Hedge Fund Investors in Q4 2022: 135

Uber Technologies, Inc. (NYSE:UBER) runs a software platform that allows users to book riders to deliver their packages. It also runs its Uber Eats platform that enables restaurants to connect with riders to fulfill customer orders.

Insider Monkey’s December quarter of 2022 survey of 943 hedge funds revealed that 135 had bought Uber Technologies, Inc. (NYSE:UBER)’s shares. The company’s largest investor is Ken Fisher’s Fisher Asset Management which owns 20 million shares that are worth $497 million.

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

Number of Hedge Fund Investors in Q4 2022: 240

Amazon.com, Inc. (NASDAQ:AMZN) is the world’s largest electronic commerce platform. It has tens of thousands of delivery vans, and is also aiming to fully electrify its delivery fleet.

240 of the 943 hedge funds surveyed by Insider Monkey had bought Amazon.com, Inc. (NASDAQ:AMZN)’s shares during Q4 2022. The firm’s largest hedge fund shareholder is Ken Fisher’s Fisher Asset Management which owns 50 million shares that are worth $4.2 billion.

Disclosure: None. The author received no additional compensation for this piece except for what is typically made by Insider Monkey. You can also take a look at 10 Best Stocks to Buy for Investment and 10 Hot Growth Stocks To Buy Now.

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