5 Consumer Technology Stocks to Invest In According to Ken Fisher

4. Alphabet Inc. (NASDAQ:GOOG)

Fisher Asset Management’s Stake Value: $5.6 billion

Percentage of Fisher Asset Management’s 13F Portfolio: 3.15%

Number of Hedge Fund Holders: 158

Alphabet Inc. (NASDAQ:GOOG) is the holding company of Google, which is best known for its online search engine. Google has a variety of services such as YouTube and Gmail. Additionally, it also sells consumer electronics products such as smartphones and speakers.

For its fiscal fourth quarter, Alphabet Inc. (NASDAQ:GOOG) reported $3.5 billion in revenue and $30.69 in GAAP EPS, beating analyst estimates for both. Tigress Financial raised the company’s price target to $3,670 from $3,540 in March 2022, as it stated that the company’s investments in artificial intelligence will enhance its services for consumers and businesses.

Fisher Investments owned 1.9 million Alphabet Inc. (NASDAQ:GOOG) shares during the fourth quarter of last year. These were worth $5.6 billion and represented 3.15% of its investment portfolio. Insider Monkey’s Q4 2021 survey of 924 hedge funds revealed that 158 had invested in the firm.

Chris Hohn’s TCI Fund Management is Alphabet Inc. (NASDAQ:GOOG)’s largest investor. It owns 2.9 million shares worth $8.5 billion.

Vulcan Value Partners mentioned the company in its fourth quarter 2021 investor letter. Here is what the fund said:

“In contrast, we made a different kind of mistake about a decade ago. Google, now Alphabet, performed very well for us while we owned it. The company kept outperforming our assumptions and we kept lowering them to be conservative. “Trees do not grow to the sky.” The stock kept going up and our value grew but did not keep pace with the stock. It hit our estimate of fair value and we sold it with a nice gain, patting ourselves on the back. We kept following the company and what they actually did over the next several years was roughly double the assumptions we used to value it. Therefore, our value was too conservative, and we sold it too cheaply, missing many years of compounding. Fortunately, we experienced some volatility several years ago that allowed us to purchase Alphabet (Google) again with a margin of safety.”