5 Best Stock to Buy in 2021 According to Billionaire D.E. Shaw

2. Microsoft Corporation (NASDAQ: MSFT)

Microsoft Corp. (NASDAQ: MSFT) is a Washington-based multinational firm that is primarily in the computer software and hardware business. The company also develops and sells electronics and other internet-related services. Microsoft became a household name with the advent of the personal computer in the second half of the twenty-first century after it started selling computer software. The firm is still among the top software makers in the world even after the arrival of stiff competition in the last two decades. 

It has a market cap of close to $2 trillion and posted more than $143 billion in revenue in June 2020. California-based wealth management firm Wedbush earlier this month said that a recent Microsoft deal with the US army showed that the firm was gaining ground on rival Amazon on government projects. The firm maintained an Outperform rating and set a price target of $300 on Microsoft stocks. Microsoft Corporation thus ranks second on our list of top 10 best stock picks of billionaire David E Shaw for 2021.  

At the end of the fourth quarter of 2020, 258 hedge funds out of 887 in the Insider Monkey database held stakes in Microsoft, up from 234 out of 817 in Q3 2020. The total value of the shares held by these hedge funds in Q4 2020 was over $52.8 billion, up from $42.1 billion in the preceding quarter. As of February 2021, DE Shaw Capital Holdings held 8,544,962 shares of Microsoft, with a total value of over $1.9 billion. The hedge fund holds more than 1% of the total shares in the Washington-based company.