5 Best Tech Stocks to Buy According to GuardCap Asset Management

2. Alphabet Inc. (NASDAQ:GOOG)

GuardCap Asset Management’s Stake Value: $605,684,000

Percentage of GuardCap Asset Management’s 13F Portfolio: 9.29%

Alphabet Inc. (NASDAQ:GOOG), based in Mountain View, California, is the parent company of several companies including the Google, Verily Life Sciences, GV (formerly Google Ventures), Calico, and X-the moonshot factory. The majority of the company’s revenue is generated by Google Services which comprises of ads, Android, Chrome, hardware, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.

According to the latest SEC data, Alphabet Inc. (NASDAQ:GOOG) ranked #2 on the list of GuardCap Asset Management’s holdings based on its 13F portfolio weight of 9.29% with the investment manager owning 277,931 shares. Its stake increased by 2% in Q2 2022, compared to the previous quarter.

Alphabet Inc. (NASDAQ:GOOG) announced the release of Android 13 earlier in August, adding multiple new features focused on personalization and privacy. The company also released the financial results for Q2 2022 earlier this year in July. Revenue increased by 13% y-o-y to $69.7 billion and the company reported an EPS of $1.21, missing the consensus by $0.08.

In the long term, Alphabet Inc. (NASDAQ:GOOG) shares could continue to grow if the company successfully maintains its leading market share in search.