5 Best Roth IRA Stocks To Buy According To Hedge Funds

2. Alphabet Inc. (NASDAQ:GOOGL)

Number of Hedge Fund Holders: 190  

Alphabet Inc. (NASDAQ:GOOGL) owns internet search engine Google, video sharing platform YouTube and other technology-related products. The stock is an analyst and hedge fund favorite. The shares have soared by over 95% over the past twelve months. They are now trading at all-time highs and coming closer to the $3,000 per share price barrier. The company has already crossed $1.8 trillion in market capitalization. 

On October 27, BMO Capital raised the price target on Alphabet Inc. (NASDAQ:GOOGL) stock to $3,200 from $3,000, keeping an Outperform rating and appreciating the earnings beat of the firm in the third quarter. 

At the end of the second quarter of 2021, 190 hedge funds in the database of Insider Monkey held stakes worth $26 billion in Alphabet Inc. (NASDAQ:GOOGL), up from 185 in the preceding quarter worth $24 billion.