5 Biotech Stocks in Billionaire Ray Dalio’s Portfolio

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1. Pfizer Inc. (NYSE:PFE)

Bridgewater Associates’ Stake Value: $7.1 million

Percentage of Bridgewater Associates’ 13F Portfolio: 0.03%

Number of Hedge Fund Holders: 74

Closing price on December 10, 2021: $52.78

Pfizer Inc. (NYSE:PFE) is an American biotechnology and biopharmaceutical firm that is known for its host of medicines, making it a global brand. The company develops and sells medicines for several diseases of the heart, the immune system, pain, and the coronavirus.

Pfizer Inc. (NYSE:PFE) posted $24 billion in revenue and $1.34 in EPS in its third fiscal quarter, beating analyst estimates for both. As of Q3 2021, 74 of the 867 hedge funds part of Insider Monkey’s research held stakes in the company.

JPMorgan increased Pfizer Inc. (NYSE:PFE)’s price target to $53 from $42 in November 2021, outlining that the company’s traditional business lines should face limited growth, but that investors should be on the watch for new coronavirus variants to help growth. Pfizer’s COVID-19 vaccine is one of the two messenger ribonucleic acid (mRNA) vaccines out there, with the technology yielding superior virus protection when compared against its non-mRNA counterparts.

Pfizer Inc. (NYSE:PFE)’s shares closed at $52.78 on December 10, 2021. During the third quarter, Mr. Dalio’s investment firm held 165,303 shares of the company, which were worth $7 million and represented 0.03% of its portfolio.

Ric Dillon’s Diamond Hill Capital is Pfizer Inc. (NYSE:PFE)’s largest shareholder. It owns 10.6 million shares worth $457 million.

In its Q1 2021 investor letter, Clearbridge Investments mentioned Pfizer Inc. (NYSE:PFE). It outlined that:

“Our underweights in health care and staples contributed to relative performance during the period. As we continue to focus the portfolio on high-conviction ideas, we sold Pfizer in late 2020, in the health care sector.”

You can also take a peek at the 10 Best NFT Stocks to Buy Now and 15 Best Jim Cramer Stocks to Buy Now.

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