In this article, we discuss the 5 best Motley Fool stocks to buy now. If you want to read our detailed analysis of Motley Fool Asset Management, go directly to see 10 Best Motley Fool Stocks To Buy Now.
5. Axon Enterprise, Inc. (NASDAQ:AXON)
Motley Fool Asset Management’s Stake Value: $51,461,000
Percent of Motley Fool Asset Management’s 13F Portfolio: 3.39%
Number of Hedge Fund Holders: 24
Axon Enterprise, Inc. (NASDAQ:AXON) is an American company that specializes in developing technology and weapons for the military, civilians, and law enforcement.
Motley Fool held 291,068 shares in the company in Q2, valued at over $51.4 million. Axon Enterprise, Inc. (NASDAQ:AXON) represents 3.39% of the hedge fund’s 13F portfolio.
At the end of Q2, 24 hedge funds tracked by Insider Monkey held stakes in Axon Enterprise, Inc. (NASDAQ:AXON), compared with 31 in the previous quarter. The total value of these stakes is over $513.5 million.
4. Watsco, Inc. (NYSE:WSO)
Motley Fool Asset Management’s Stake Value: $52,533,000
Percent of Motley Fool Asset Management’s 13F Portfolio: 3.46%
Number of Hedge Fund Holders: 70
As of Q2, the smart money also seemed to take interest in Watsco, Inc. (NYSE:WSO), as 70 hedge funds tracked by Insider Monkey were bullish on the company, up from 66 in the previous quarter. The total worth of these stakes is over $5.5 billion. Watsco, Inc. (NYSE:WSO) is the largest distributor of air conditioning and refrigeration products.
Motley Fool holds 183,272 shares in Watsco, Inc. (NYSE:WSO) as of Q2, valued at over $52.5 million. The company accounts for 3.46% of the hedge fund’s 13F portfolio. Watsco, Inc. (NYSE:WSO), one of the best Motley Fool stocks to buy now, reported its Q3 results on October 20 and posted a GAAP EPS of $3.62, beating the estimates by $0.06.
3. Apple Inc. (NASDAQ:AAPL)
Motley Fool Asset Management’s Stake Value: $55,115,000
Percent of Motley Fool Asset Management’s 13F Portfolio: 3.64%
Number of Hedge Fund Holders: 138
In Q2, Motley Fool increased its stake in Apple Inc. (NASDAQ:AAPL) by 6% and now holds 402,416 shares in the company, valued at over $55 million. The company represents 3.64% of the hedge fund’s 13F portfolio.
Apple Inc. (NASDAQ:AAPL), a multinational tech company, sold over 14.7 million iPads during the third quarter of 2021, with its iPad revenue reaching $8.3 billion. The company now represents 34.6% of the worldwide tablet market, up from 30% in the prior-year quarter. Recently, Canaccord raised its price target on Apple Inc. (NASDAQ:AAPL) to $185, with a Buy rating on the shares, appreciating the strong demands of the company’s products.
At the end of Q2, 138 hedge funds tracked by Insider Monkey reported owning stakes in Apple Inc. (NASDAQ:AAPL), up from 127 in the previous quarter. The total worth of these stakes is over $145.5 billion.
ClearBridge Investments mentioned Apple Inc. (NASDAQ:AAPL) in its first-quarter 2021 investor letter. Here is what the firm has to say:
“As we actively manage holdings and position sizes, we look to regularly recycle capital into more compelling opportunities. Maintaining our valuation discipline, we sharply reduced our position in Apple, whose shares more than doubled following our initial purchase in mid-2019 with an earnings multiple rising from the low-to-mid teens to nearly 30x.”
2. Alphabet Inc. (NASDAQ:GOOG)
Motley Fool Asset Management’s Stake Value: $63,964,000
Percent of Motley Fool Asset Management’s 13F Portfolio: 4.22%
Number of Hedge Fund Holders: 155
Alphabet Inc. (NASDAQ:GOOG) reported its Q3 2021 results on October 26. The company posted a GAAP EPS of $27.99, beating the estimates by $4.67. Alphabet Inc. (NASDAQ:GOOG) also saw a 41% year-over-year growth in revenue at $65.1 billion.
Of the 873 hedge funds tracked by Insider Monkey, 155 hedge funds reported owning stakes in Alphabet Inc. (NASDAQ:GOOG) in Q2, compared with 159 in the previous quarter. The total value of these stakes is over $33.7 billion.
Motley Fool holds 25,521 shares in Alphabet Inc. (NASDAQ:GOOG) in Q2, worth roughly $64 million. The company represents 4.22% of the hedge fund’s 13F portfolio. Recently, Jefferies lifted its price target on Alphabet Inc. (NASDAQ:GOOG) to $3,500, while keeping a Buy rating on the shares.
Alger mentioned Alphabet Inc. (NASDAQ:GOOG) in its Q3 2021 investor letter. Here is what the firm has to say:
“Alphabet Inc. was among the top contributors to performance during the third quarter. Alphabet is a leading internet search provider and is a beneficiary in the share shift of advertising dollars from traditional mediums like television, radio and newspapers to digital platforms. The company is a leader in implementing Al, autonomous vehicles and cloud computing it and owns the highly trafficked YouTube property. Alphabet contributed to performance due to a strong quarterly report highlighted by revenue growth that beat consensus expectations across segments. The company’s core search revenues have increased 10% over the past two years, with cloud computing increasing 8%. Results from YouTube also exceeded expectations. When discussing quarterly results, Alphabet management said retail, entertainment and travel were end markets that were particularly strong. The fixed cost structure of Alphabet’s search service resulted in profitability resulting from the increase in revenues being better than expected.”
1. Amazon.com, Inc. (NASDAQ:AMZN)
Motley Fool Asset Management’s Stake Value: $82,285,000
Percent of Motley Fool Asset Management’s 13F Portfolio: 5.43%
Number of Hedge Fund Holders: 271
Amazon.com, Inc. (NASDAQ:AMZN) tops our list of the best Motley Fool stocks to buy now. In Q2, the company presented a positive hedge fund sentiment, as 271 hedge funds tracked by Insider Monkey reported owning stakes in Amazon.com, Inc. (NASDAQ:AMZN), up from 243 in the previous quarter. The total value of these stakes is over $60.4 billion.
In Q2, Motley Fool increased its position in Amazon.com, Inc. (NASDAQ:AMZN) by 6% and now holds 23,919 shares in the company, valued at over $82.2 million. The company represents 5.43% of the hedge fund’s 13F portfolio.
In Q3 2021, Amazon.com, Inc. (NASDAQ:AMZN) reported revenue of $110.8 billion, up 15.3% from the prior-year quarter. In October, Truist raised its price target on Amazon.com, Inc. (NASDAQ:AMZN) to $4,000 with a Buy rating on the shares, highlighting the company’s strong advertising execution.
Polen Capital mentioned Amazon.com, Inc. (NASDAQ:AMZN) in its Q3 2021 investor letter. Here is what the firm has to say:
“Amazon has also lagged as its revenue growth is slowing on the very difficult comparisons from last year when this behemoth was growing revenue by over 40%. We still expect exceptional long-term growth and significant margin expansion as the fastest growing (and now large) segments of Amazon are also generating the highest margins.”
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