5 Best 52-Week Low Large Cap Stocks To Buy Now

2. Alphabet Inc. (NASDAQ:GOOGL)

YTD return as of December 30, 2022: -39.00%

Number of Hedge Fund Holders: 196

Founded in 1998, Alphabet Inc. (NASDAQ:GOOGL) is a global technology company that provides a range of products and services, including internet search, advertising, cloud computing, and hardware products. Alphabet Inc. (NASDAQ:GOOGL) is known for its major holding, Google, which is the world’s leading internet search engine.

On November 15, 2022, Brian Nowak, an analyst at Morgan Stanley, reduced his price target on Alphabet Inc. (NASDAQ:GOOGL) to $120 from $125 while keeping an Overweight rating on the company’s stock. The analyst is lowering his 2023 U.S. online advertising and e-commerce estimates and is currently projecting growth of approximately 6% and 5%, respectively.

As per Insider Monkey’s database, 196 hedge funds had stakes in Alphabet Inc. (NASDAQ:GOOGL) at the end of the third quarter.