5 Stocks to Buy Now According to Hari Hariharan’s NWI Management

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1. Alphabet Inc. (NASDAQ:GOOG)

NWI Management Stake Value: $141,786,000
Percentage of NWI Management’s 13F Portfolio: 9.31%
Number of Hedge Fund Holders: 158

Alphabet Inc. (NASDAQ:GOOG) is a high-tech corporation. Alphabet Inc. (NASDAQ:GOOG) took its most significant asset – the millions of daily Google search engine users – and applied it to various businesses, including the Android smartphone operating system. On February 2, Stifel analyst Scott Devitt boosted his price objective on Alphabet Inc. (NASDAQ:GOOG) to $3,500 from $3,200 and maintained a Buy rating on the shares after the company reported another strong quarter.

On February 1, Alphabet Inc. (NASDAQ:GOOG) published earnings for the fourth quarter, announcing an EPS of $30.69, beating estimates by $3.39. In addition, the $75.32 billion revenue for the period was up 32.4% year-over-year, exceeding estimates by $3.51 billion.

158 out of the 924 hedge funds held stakes in Alphabet Inc. (NASDAQ:GOOG) in the fourth quarter of 2021, worth $36.6 billion, up from 156 funds in the preceding quarter, holding stakes in Alphabet Inc. (NASDAQ:GOOG) worth $34.9 billion.

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

“A couple of other platform companies deserve a mention as well. Meta Platforms and Alphabet have both been under regulatory scrutiny that has affected their valuations. The threats of punitive action are real, but we have tried to be imaginative about how onerous any fines, rule changes or forced divestitures might be, and we believe that the fiveyear outlook for each is well above average under almost any scenario. So, we include these two in the list of the under-appreciated.”

You can also take a peek at 10 Biotech Stocks to Buy According to Matthew Strobeck’s Birchview Capital and Top 10 Stock Picks of Peter S. Park’s Park West Asset Management.

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