5 Blue Chip Stocks To Buy Now According To Billionaire Andreas Halvorsen

1. T-Mobile US, Inc. (NYSE:TMUS)

Viking Global’s Stake Value: $1.72 billion

Viking Global’s 13F Portfolio: 6.96%

Number of Hedge Fund Holders: 91

T-Mobile US, Inc. (NYSE:TMUS) was the largest holding of Andreas Halvorsen, as reported by 13F filings for the first quarter of 2022. The billionaire owned 13.41 million shares of the company priced at $1.72 billion. This represented nearly 7% of the fund’s total portfolio, and was a 3% boost in stake over the previous quarter.

On July 1, Raymond James analyst Ric Prentiss kept a ‘Strong Buy’ rating on T-Mobile US, Inc. (NYSE:TMUS) shares, and raised the price target to $160 from $158. Tigress Financial analyst Ivan Feinseth was also bullish on TMUS stock, with a ‘Buy’ rating and a $195 price target, up from $185. He noted that the firm’s growth momentum continues to accelerate due to ongoing demand for high-speed network connectivity. The analyst also noted that the company could start its $60 billion share repurchase program later this year if subscriber growth remains strong.

At the end of Q1 2022, 91 hedge funds disclosed ownership of stakes in T-Mobile US, Inc. (NYSE:TMUS) with an aggregate value of $7.24 billion. This is a positive trend from the preceding quarter where 86 hedge funds held $6.06 billion worth of stakes in the company.

You can also take a look at 10 Best Value Stocks To Buy Now and 15 Biggest Tech Companies In The World.

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