5 Best Growth Stocks to Buy and Hold in 2024

4. Alphabet Inc. (NASDAQ:GOOGL)

Number of Q4 2023 Hedge Fund Shareholders: 214

Alphabet Inc. (NASDAQ:GOOGL) is a software firm known for its search engine, productivity software, and other products. The shares are rated Strong Buy on average, and the average analyst share price target is $166.71.

During last year’s fourth quarter, 214 out of the 933 hedge funds profiled by Insider Monkey were the firm’s shareholders. Alphabet Inc. (NASDAQ:GOOGL)’s largest hedge fund shareholder is Ken Fisher’s Fisher Asset Management due to its $6.3 billion investment.

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