5 Stocks to Buy According to Michael Rothenberg’s Moab Capital

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

Moab Capital’s Stake Value: $2.3 million

Percentage of Moab Capital’s 13F Portfolio: 5.6%

Number of Hedge Fund Holders as of Q3 2021: 242

The multinational technology company’s Q3 revenue was $110.81 billion, reported on October 28. Although the revenue grew year over year by 15.3%, it missed estimates by $850 million. The Q3 EPS of $6.12 similarly missed consensus by $2.81.

On November 10,  Ivan Feinseth, an analyst at Tigress Financial, raised his price target on Amazon.com, Inc. (NASDAQ:AMZN) to $4,460 from $4,370 to reflect its earnings in Q3, and maintained a “Buy” rating on the shares. According to the analyst, Amazon.com, Inc. (NASDAQ:AMZN) would overcome supply chain headwinds and benefit from the 2021 holiday season shortly.

Out of the 867 hedge funds tracked by Insider Monkey, 242 have stakes in Amazon.com, Inc. (NASDAQ:AMZN) as of Q3 2021 worth over $42 billion, down from 271 hedge funds by the end of the second quarter of 2021.

In its Q3 2021 investor letter, Polen Capital mentioned Amazon.com, Inc. (NASDAQ:AMZN) and discussed its stance on the firm. Here is what the firm had to say:

“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.”