In this piece, we’ll take a look at the 5 Best 52-Week Low Large Cap Stocks To Buy Now. For more such companies, go to 15 Best 52-Week Low Large Cap Stocks To Buy Now.
5. Netflix, Inc. (NASDAQ:NFLX)
YTD return as of December 30, 2022: -51.27%
Number of Hedge Fund Holders: 115
Netflix, Inc. (NASDAQ:NFLX) is a global streaming entertainment company that provides a range of movies, television shows, and other content to subscribers over the internet. Netflix, Inc. (NASDAQ:NFLX) is known for its popular streaming service, which allows subscribers to watch a wide range of movies, television shows, and other content on a variety of devices, including smartphones, tablets, and smart TVs.
On December 20, 2022, Jason Helfstein, an analyst at Oppenheimer, reiterated his price target on Netflix, Inc. (NASDAQ:NFLX) to $365 with an Outperform rating on the stock. According to the analyst, the stock of the company will be steered by the number of subscribers instead of revenue, and the viewership data signals an in-line or higher subscription rate.
115 hedge funds were long on the company’s stock at the end of the third quarter, according to Insider Monkey’s database. Fisher Asset Management had the biggest long position in the company at the end of Q3 2022.
4. Salesforce, Inc. (NYSE:CRM)
YTD return as of December 30, 2022: -48.12%
Number of Hedge Fund Holders: 117
Founded in 1999, Salesforce, Inc. (NYSE:CRM) is a global software company that provides a range of customer relationship management (CRM) products and services. Salesforce, Inc. (NYSE:CRM) is known for its CRM software, which helps businesses manage customer relationships and interactions, including sales, marketing, and customer service. The company’s CRM platform is used by businesses of all sizes across a wide range of industries.
On December 5, 2022, Scott Schoenhaus, an analyst at KeyBanc, reduced his price target on Salesforce, Inc. (NYSE:CRM) to $210 from $220 while keeping an Overweight rating on the stock. According to the analyst, the company reported strong third-quarter results, but the guidance for fourth-quarter billings, revenue, and operating profitability was marginally below expectations.
According to Insider Monkey’s database, 117 hedge funds held shares of the company at the end of the third quarter of 2022. Fisher Asset Management was the most bullish fund on the company’s stock at the end of Q3 2022.
3. Meta Platforms, Inc. (NASDAQ:META)
YTD return as of December 30, 2022: -64.48%
Number of Hedge Fund Holders: 177
Headquartered in Menlo Park, California, Meta Platforms, Inc. (NASDAQ:META) is a global technology company that provides a range of social media and online communication services. Meta Platforms, Inc. (NASDAQ:META) is known for its eponymous social media platform, which is one of the largest and most popular in the world. The platform allows users to connect with friends and family, share content, and join online communities. The company also owns and operates a range of other social media and online communication platforms, including Instagram, WhatsApp, and Oculus VR.
On November 2, 2022, Ivan Feinseth, an analyst at Tigress Financial, reduced his price target on Meta Platforms, Inc. (NASDAQ:META) to $260 while keeping a Strong Buy rating on the stock. According to the analyst, the recent drop in price is a significant buying opportunity since the total number of daily and monthly active users continues to increase.
As per Insider Monkey’s database, 177 hedge funds remained bullish on Meta Platforms, Inc. (NASDAQ:META) at the end of Q3 2022. Fisher Asset Management came out to be the biggest holder of the company’s shares at the end of the quarter.
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.
1. Amazon.com, Inc. (NASDAQ:AMZN)
YTD return as of December 30, 2022: -50.60%
Number of Hedge Fund Holders: 269
Amazon.com, Inc. (NASDAQ:AMZN) is a global e-commerce and technology company that provides a range of products and services, including online retail, cloud computing, and artificial intelligence (AI). Amazon.com, Inc. (NASDAQ:AMZN) is known for its online retail platform, which is one of the largest and most popular in the world. The platform allows customers to purchase a wide range of products, including books, electronics, home goods, and more.
On December 1, 2022, John Blackledge, an analyst at Cowen, increased his price target on Amazon.com, Inc. (NASDAQ:AMZN) to $160 from $150 while keeping an Outperform rating on the stock. Heading into 2023, the analyst anticipates a reduction in operating losses, excluding Amazon Web Series (AWS) and advertising as cost pressures ease.
According to Insider Monkey’s database, 269 hedge funds owned stakes in the company at the end of the September quarter. Fisher Asset Management held the biggest stake in Amazon.com, Inc. (NASDAQ:AMZN) at the end of Q3 2022.
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