5 Best Magic Formula Stocks to Buy Now

Page 1 of 5

In this piece, we will take a look at the five best magic formula stocks to buy now. To find out what’s magical about magic formula investing, check out 11 Best Magic Formula Stocks to Buy Now.

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

Number of Hedge Fund Investors As Of Q4 2023 end: 293

Gotham Asset Management’s Q4 2023 Stake: $44.5 million

Amazon.com, Inc. (NASDAQ:AMZN) is the world’s biggest electronic commerce company. Its founder and former CEO, Jeff Bezos, is making headlines as usual these days after SEC filings revealed that Mr. Bezos had sold a whopping $2 billion worth of shares this month.

For their December quarter of 2023 shareholdings, 293 out of the 933 hedge funds tracked by Insider Monkey were the firm’s shareholders. Amazon.com, Inc. (NASDAQ:AMZN)’s largest investor is Ken Fisher’s Fisher Asset Management as it owns a $6.4 billion stake.

Follow Amazon Com Inc (NASDAQ:AMZN)


Page 1 of 5