These 2 Billionaires Just Loaded Up on Amazon Stock. Should You?

Amazon (NASDAQ: AMZN) is a popular stock pick among billionaire investors. Warren Buffett and Berkshire Hathaway have owned Amazon for a long time, although they haven't added any more shares to their portfolio in a while. Other billionaires who have been increasing their positions lately include Bill Ackman at Pershing Square and Chase Coleman at Tiger Global Management. During the second quarter, Ackman created a brand-new position in Amazon, purchasing $1.28 billion worth of shares in the quarter. This puts Amazon at a 9.3% position in his hedge fund, a clearly bullish bet.Coleman already had an Amazon position in his portfolio, but hadn't made a meaningful addition to it in a few quarters. During Q2, the fund increased its position by 62%, another bullish sign.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool