5 Retail Stocks to Buy According to Greg Poole’s Echo Street Capital

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

Echo Street Capital’s Stake Value: $91 million

Percentage of Echo Street Capital’s 13F Portfolio: 0.64%

Number of Hedge Fund Holders: 243

Amazon.com, Inc. (NASDAQ:AMZN) is the world’s largest and most renowned electronic commerce retailer that connects global suppliers and merchants to customers in a host of countries. It also provides services in cloud computing and designs data center processors.

Echo Street Capital held 27,928 Amazon.com, Inc. (NASDAQ:AMZN) shares during Q3 2021 which were worth $91 million and represented 0.64% of its portfolio. During the same time period, 243 of 867 hedge funds polled by Insider Monkey had held a stake in the company.

Ken Fisher’s Fisher Asset Management is Amazon.com, Inc. (NASDAQ:AMZN)’s largest investor according to Insider Monkey’s research through a $6.3 billion stake via 1.9 million shares.

Polen Capital mentioned Amazon.com, Inc. (NASDAQ:AMZN) in its Q3 2021 investor letter. It stated that:

“Amazon has also lagged as its revenue growth is slowing on the very difficult comparisons from last year when this behemoth was growing revenue by over 40%. We still expect exceptional long-term growth and significant margin expansion as the fastest growing (and now large) segments of Amazon are also generating the highest margins.”