5 Best Growth Stocks to Buy and Hold for Several Years

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1. Chewy, Inc. (NYSE: CHWY)

Number of Hedge Fund Holders: 32

Chewy Inc is an ecommerce company focusing on selling pet food and supplies. The stock has gained 60% over the last 12 months. Chewy (NYSE:CHWY) said its adjusted EBITDA in the first quarter jumped 27% YoY to $77.4 million, while total sales increased by 32% in the period.

For the second quarter, the company expects revenue of $2.15 billion to $2.17 billion, versus the consensus estimate of $2.14 billion.

As of the end of the first quarter, there were 32 hedge funds that hold a position in CHWY compared to 38 funds in the fourth quarter. The biggest stakeholder of the company is Zevenbergen Capital Investments, with 1.3 million shares, worth $109.9 million.

You can also take a peek at 10 Best Dividend Stocks to Buy According to Billionaire George Soros and 10 Best Stocks to Buy According to Bruce Berkowitz’s Fairholme Capital.

Correction: Previous version of this article mistakenly mentioned Intuitive Surgical, Inc. (NASDAQ: ISRG) instead of Intuit Inc. ( NASDAQ: INTU).

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