5 Best Stocks to Buy According to Billionaire Izzy Englander

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

Englander’s Stake Value: $1,163,679,000
Percentage of Izzy Englander’s 13F Portfolio: 0.71%
Number of Hedge Fund Holders: 271

Amazon.com, Inc. (NASDAQ: AMZN) sells consumer goods and subscriptions online worldwide. It was founded in 1994 and is placed first on the list of 10 best stocks to buy according to billionaire Izzy Englander.

On September 9, Amazon.com, Inc. (NASDAQ: AMZN) announced its first-ever Amazon-built television sets, with two product lines aimed at the market it has been nurturing for years with its Fire TV device line. On July 30, JPMorgan analyst Doug Anmuth lowered the price target on Amazon.com, Inc. (NASDAQ: AMZN) to $4,100 from $4,600 and kept an “Overweight” rating on the shares. Anmuth informs investors that Amazon’s second-quarter performance was disappointing, and the third-quarter sales guidance of $112 billion at the high end was below expectations, which were closer to $115 billion.

Millennium Management holds 338,263 shares in Amazon.com, Inc. (NASDAQ: AMZN), worth $1.16 billion, representing 0.71% of their portfolio. Amazon.com, Inc. (NASDAQ: AMZN) saw an increase in hedge fund sentiment recently. The number of hedge fund positions increased to 271 in the second quarter of 2021 compared to 243 positions in the previous quarter.

L1 Capital, in its second-quarter 2021 investor letter, mentioned Amazon.com, Inc. (NASDAQ: AMZN). Here is what the fund said: 

“Amazon flipped from being the largest detractor from portfolio performance in the March 2021 quarter, to one of the leading contributors in the June 2021 quarter. We took advantage of negative near-term sentiment in the March 2021 quarter to add to our Amazon investment. We continue to view Amazon as one of the best positioned businesses globally, with its share price still not reflecting fair value.”

You can also take a peek at 10 Best Stocks to Buy According to Billionaire Daniel Sundheim and Best Stocks to Buy According to Billionaire Barry Rosenstein’s Jana Partners 

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