5 Best Under The Radar Stocks To Buy According To Hedge Funds

2. UnitedHealth Group Inc. (NYSE:UNH)

Number of Hedge Fund Holders: 116

UnitedHealth Group Inc. (NYSE:UNH) is another healthcare company on our list. It uses an AI-enhance virtual assistance platform for collecting patient data, and more, making it a viable under-the-radar stock pick.

In total, 116 hedge funds were long UnitedHealth Group Inc. (NYSE:UNH) in the first quarter, with a total stake value of $11.7 billion.

On July 18, Lance Wilkes at Bernstein upgraded UnitedHealth Group Inc. (NYSE:UNH) shares from Market Perform to Outperform, alongside raising the price target on the stock from $595 to $603.

ClearBridge Investments mentioned UnitedHealth Group Inc. (NYSE:UNH) in its first-quarter 2023 investor letter:

“The tech-dominated quarter was a headwind for both defensive and cyclical sectors, with shares of health care holdings such as UnitedHealth Group Incorporated (NYSE:UNH), Elevance (ELV) and Johnson & Johnson (JNJ) declining after a strong 2022.”

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