5 Best Motley Fool Stocks To Buy Now

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1. Alphabet Inc. (NASDAQ:GOOG)

Motley Fool Asset Management’s Stake Value: $54,083,000 

Percentage of Motley Fool Asset Management’s 13F Portfolio: 5.08%

Number of Hedge Fund Holders: 153

Alphabet Inc. (NASDAQ:GOOG) is Motley Fool Asset Management’s top 13F holding. As of October 7, the stock is trading at a PE multiple of 18x and has a trailing twelve-month operating margin of roughly 30%. The company has solid free cash flows of $65 billion and is one of the best Motley Fool stocks that is attractively valued and profitable.

Wall Street likes Alphabet Inc. (NASDAQ:GOOG). On August 3, Tigress Financial analyst Ivan Feinseth reiterated his Strong Buy rating on Alphabet Inc. (NASDAQ:GOOG) and raised his price target the shares to $186 from $183. This October, BofA analyst Justin Post revised his price target on Alphabet Inc. (NASDAQ:GOOG) to $114 from $125 and reiterated a Buy rating on the shares.

At the end of Q2 2022, 153 hedge funds were long Alphabet Inc. (NASDAQ:GOOG) and held stakes of over $22 billion in the company.

Here is what Lakehouse Capital had to say about Alphabet Inc. (NASDAQ:GOOG) in its second-quarter 2022 investor letter:

Alphabet Inc. (NASDAQ:GOOG) reported another strong quarterly result despite the tough macroeconomic conditions. Revenue increased by 13% as Search proved resilient, primarily led by strength in the travel and retail verticals. YouTube advertising growth was lighter and moderated due to a tough comparison period and a general softening in brand advertising spend. That said, YouTube’s user engagement and time spent still continues to grow which bodes well for future monetisation opportunities. Google Cloud outpaced the company’s overall growth with revenue increasing by 36% and while it has yet to show any signs of profitability, we remain supportive of Alphabet continuing to reinvest in its cloud business given the size of the market opportunity ahead. On the cost front, the company added another 10,000 employees during the quarter, but notably, the CFO mentioned that hiring will likely slow down over the next twelve months as the company focuses on greater operating efficiency. Overall, we’re pleased with how the company has performed and are confident that management will be able to control costs, if or when the economic environment becomes more challenging.”

You can also take a look at 12 Best Food Stocks To Buy Now and 11 Best Cruise Stocks To Buy.

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