5 Large-Cap Stocks to Buy According to Matthew Tewksbury’s Stevens Capital

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

Stevens Capital Stake Value: $16,551,000
Percentage of Stevens Capital’s 13F Portfolio: 4.84%
Number of Hedge Fund Holders: 271   

On October 22, Credit Suisse analyst Stephen Ju lowered his price target on the iconic online shopping giant Amazon.com, Inc. (NASDAQ:AMZN) to $4,200 from $4,700 and kept an “Outperform” rating on the shares. His lower prediction assumes higher fulfillment and shipping costs for the remainder of 2021 and into 2022. The hedge fund chaired by Matthew Tewksbury holds 4,811 shares in Amazon.com, Inc. (NASDAQ:AMZN), worth over $16.55 million.

Worm Capital LLC, an investment management firm, in its third-quarter 2021 investor letter, mentioned Amazon.com, Inc. (NASDAQ:AMZN). Here is what the fund said:

“Our core portfolio as of this writing—TSLA, SPOT, SHOP, ABNB, and AMZN—are all premier examples of companies that use the concept of aggregation of marginal gains to continuously improve their value proposition for customers. After all, what is innovation if not just a continuous search for fractional advantages in business?

Amazon, for instance, accumulates marginal gains by compressing their costs year after year for consumers, creating an infrastructure and logistics network unrivaled by its peers. In the short-term, the market can often misunderstand the intentions of the “marginal gain accumulators,” but over time, their value-creation becomes obvious in hindsight.”