5 Best Value Stocks to Buy Now According to Vinit Bodas’ Deccan Value Investors

3. Alphabet Inc. (NASDAQ:GOOG)

Deccan Value Investors Stake Value: $355,899,000
Percentage of Deccan Value Investors’ 13F Portfolio: 14.07%
Number of Hedge Fund Holders: 156

Alphabet Inc. (NASDAQ:GOOG) rebranded from Google in 2015, is a high-tech corporation. Alphabet Inc.’s (NASDAQ:GOOG) biggest investor is Barry Dargan’s Intermede Investment Partners. It has a $294.85 million stake in the firm through owning 101,896 shares.

In a research note, BofA analyst Justin Post reminds investors that Google’s new projects like Performance Max can continue to deliver robust search revenue growth. As a result, Justin Post boosted his price objective on Alphabet from $3,210 to $3,470 in January and maintained a “Buy” recommendation on the stock.

Hedge funds are loading up on Alphabet Inc. (NASDAQ:GOOG), as Insider Monkey’s data shows that 156 hedge funds held a stake in the company as of the end of the third quarter, compared to 155 funds in the previous quarter.

Oakmark Funds, in its fourth-quarter 2021 investor letter mentioned Alphabet Inc. (NASDAQ:GOOG). Here is what the fund said:

“For Alphabet, we add back its research spending on Waymo and “other bets” and add an asset for the value of those money-losing ventures. We also value cash separate from the business because if you valued cash at a normal P/E today, you’d be valuing it at pennies on the dollar. When we make our adjustments to Alphabet’s financials, we own its wonderful search business at less than the S&P multiple, which we consider to be a bargain.”