5 Best Stocks to Buy Now According to Bill Gates

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1. Alphabet Inc. (NASDAQ: GOOG)

Gates’ Stake Value: $44,457,000
Percent of Bill & Melinda Gates’ 13F Portfolio: 0.21%
Number of Hedge Fund Holders: 185

Topping the 10 best stocks to buy now according to Bill Gates is Alphabet Inc. (NASDAQ:GOOG). The California-based multinational conglomerate owns various tech platforms such as YouTube, Waze, Nest, Looker, and FitBit. One of the latest acquisitions the company made was hardware and e-commerce software developer startup Pointy. 

Alphabet Inc. (NASDAQ:GOOG)’s revenue came in at $55.31 billion in the first quarter of 2021, higher than the expected revenue of $55.31 billion. GOOGL shares currently trade for $2,402.30 and have a P/E of 32.01. The 52-week price range of Alphabet Inc. (NASDAQ:GOOG) is $1,351.65-2,431.38. Shares of GOOGL jumped 65% over the last twelve months.

There were 185 hedge funds that reported owning stakes in Alphabet Inc. (NASDAQ:GOOG) at the end of the first quarter, up from 179 funds a quarter earlier. The total value of these stakes at the end of Q1 is $24.5 billion.

Artisan Partners mentioned Alphabet Inc. (NASDAQ:GOOG) in its Q1 2021 investor letter. Here is what the fund said:

“Large-cap tech companies have been resilient through the pandemic—Alphabet among them. A top contributor, Alphabet’s Play Store and Google Cloud are in demand as businesses accelerate online activity which, along with strong YouTube user growth, is helping stabilize temporarily weaker search ad revenue trends. Through the lens of our disciplined bottom-up research process, we view Alphabet as one of the best businesses in the world, capable of expanding revenues at a rapid rate for years to come, with a bullet proof balance sheet and an average asking price. It’s a name we’ve owned since 2012 and for which we continue to have high hopes regarding future prospects.”

You can also take a peek at 10 Blue Chip Dividend Stocks Hedge Funds Are Buying and 14 Best European Dividend Stocks To Buy.

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