Top 5 Stock Picks of Brad Farber’s Atika Capital

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

Atika Capital’s Stake Value: $44,019,000

Percentage of Atika Capital’s 13F Portfolio: 2.62%

Number of Hedge Fund Holders: 271

Billionaire Jeff Bezos’ Amazon.com, Inc. (NASDAQ:AMZN) is a global economic and cultural force to be reckoned with, specializing in ecommerce, artificial intelligence, online video streaming, and on-demand services. Atika Capital holds a $44 million stake in Amazon.com, Inc. (NASDAQ:AMZN) as of September 2021, which accounts for 2.62% of the firm’s Q3 investments. 

As of June this year, 271 hedge funds monitored by Insider Monkey have been bullish on Amazon.com, Inc. (NASDAQ:AMZN), with stakes worth over $60.4 billion. Of the 873 hedge funds tracked by Insider Monkey, Ken Fisher’s Fisher Asset Management is one of the leading Amazon.com, Inc. (NASDAQ:AMZN) stakeholders, with a total stake value of $6.34 billion. 

Amazon.com, Inc. (NASDAQ:AMZN)’s Q3 earnings were disclosed on October 28, with the EPS being $6.12, missing estimates by -$2.78. Revenue for the quarter totaled $110.81 billion, missing target revenue by -$784.89 million. 

Tigress Financial analyst Ivan Feinseth raised the price target on Amazon.com, Inc. (NASDAQ:AMZN) from $4,370 to $4,460 and kept a Buy rating on the shares, stating that the company can tackle the supply chain headwinds and is set to deliver strong sales growth in 2022.

Here is what Polen Capital has to say about Amazon.com, Inc. (NASDAQ:AMZN) in its Q3 2021 investor letter:

“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.”