5 Stocks to Buy Based on Michael Pausic’s Foxhaven Asset Management Portfolio

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

Foxhaven Asset Management’s Stake Value: $278.4 million

Percentage of Foxhaven Asset Management’s 13F Portfolio: 8.02%

Number of Hedge Fund Holders: 242

Amazon.com, Inc. (NASDAQ:AMZN) accounts for 8.02% of Foxhaven’s 13F portfolio. The fund owns 84,752 shares of the company worth $278.4 million.

On November 22, Guggenheim analyst Seth Sigman gave Amazon.com, Inc. (NASDAQ:AMZN) a Buy rating with a price target of $4300.

The investment management firm Polen Capital mentioned Amazon.com, Inc. (NASDAQ:AMZN) in their third-quarter 2021 investor letter. Here is what the firm said:

“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.”