5 Biggest E-Commerce Companies In USA

4. Walmart Inc. (NYSE:WMT)

Number of Hedge Fund Holders: 67

Walmart Inc. (NYSE:WMT) is the largest retailer in the world which operates through supercenters, cash and carry stores, supermarkets, and others. The firm has more than 10,000 stores all over the globe.

Walmart Inc. (NYSE:WMT) is taking aim at Amazon through its massive scale, as it has made its stores the hubs for delivery drones and departure points for drop offs. Its stores are the perfect candidates for fulfillment centers, as roughly 90% of Americans live within 10 miles of a Walmart store. The company also believes that it can reach 80% of Americans through same-day delivery.

Insider Monkey’s Q2 2022 survey of 895 hedge funds revealed that 67 had held a stake in Walmart Inc. (NYSE:WMT).

Walmart Inc. (NYSE:WMT)’s largest investor is Rajiv Jain’s GQG Partners which owns 9.8 million shares that are worth $1 billion.

Leaven Partners mentioned the company in its Q3 2022 investor letter. Here is what the fund said:

“In our last quarterly letter, I briefly mentioned that the consensus estimates for corporate profits appeared to be a bit too sanguine. I referenced a Reuters article that reported, as of June 17, Wall Street expected S&P 500 earnings to grow by 9.6% in 2022, which was up from 8.8% in April and from 8.4% in January. That tune began to change at the end of July and accelerated in August and September, as major players, such as Walmart (NYSE:WMT), has recently issued profit warnings and/or have withdrawn guidance. In response, Wall Street has altered its outlook: lowering third-quarter profit growth to 4.6%^[2] from 7.2% in early August and slashing full-year profit growth to 4.5%.”