5 Tech Stocks to Buy Now According to Late Michael Price’s MFP Investors

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

MFP Investors’ stake value: $11.67 million

Percentage of MFP Investors’ portfolio: 1.29%

Number of hedge fund holders: 282

Amazon.com, Inc. (NASDAQ:AMZN) is the long-running stock holding of MFP Investors. The firm’s strategy of holding a stake in the company contributed to its returns over the years. Despite the latest volatility, its shares are up 237% in the past five years. The company anticipates slow revenue growth in 2022 when compared to the past two years. The pandemic-related lockdowns bolstered its revenue growth in 2020 and 2021. 

In the fourth quarter investor letter, Davis Funds, an investment management firm, mentioned a few stocks including Amazon.com. Here is what Davis Funds stated:

“Within the traditional growth category, growing euphoria has led to bubble prices for many companies, most especially those with new and unproven business models such as those discussed above. In contrast, our research focuses on a select handful of proven growth stalwarts whose shares still trade at reasonable valuations. For example, because of concerns about future litigation and regulation, several dominant internet businesses, including Amazon, trade at steep discounts to many unproven and unprofitable growth darlings that, in our view, trade at euphoric prices. While we expect a continued barrage of negative headlines around the company, as well as increased regulation in the years ahead, we do not expect a significant decline in its long-term profitability.”