5 Best Robinhood Stocks to Buy According To Hedge Funds

2. Microsoft Corporation (NASDAQ:MSFT)

Number of Hedge Fund Holders: 269

Microsoft Corporation (NASDAQ:MSFT) is a Redmond, Washington-based technology conglomerate with exposure to consumer electronics, software, cloud computing services, social networking services, and the video games segment.

The company is in the middle of acquiring Activision Blizzard, Inc. (NASDAQ:ATVI) for $68.7 billion in cash. The deal is awaiting approval from regulatory authorities in 16 countries. The deal is bigger than Elon Musk’s acquisition of Twitter, Inc. for $44 billion. Microsoft Corporation (NASDAQ:MSFT) is making this move to boost the sales of its gaming division, recorded at $15 billion at the end of FY21. The company is aggressively working on expanding the reach of its gaming subscription service Game Pass. The deal could unlock great value as it would bring together the game library of Activision with the cloud computing expertise of Microsoft Corporation (NASDAQ:MSFT) and help the company gain an advantage in the gaming streaming services industry.

Here’s what Carillon Tower Advisers said about one of the best Robinhood stocks to buy in its Q3 2022 investor letter:

“Despite reporting very good quarterly results, Microsoft Corporation (NASDAQ:MSFT) underperformed the overall market in August. Technology stocks in general underperformed in August due to fears over slowing global economic growth, potentially leading to cuts in corporate information technology budgets.”

Microsoft Corporation (NASDAQ:MSFT) was held by 269 hedge funds at the end of the third quarter of the year.