5 Stocks To Sell According To Billionaire Louis Bacon

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1. Alphabet Inc. (NASDAQ:GOOG)

Number of Hedge Fund Holders: 158

Alphabet Inc. (NASDAQ:GOOG) is one of the Big Five American technology firms. The stock has featured in Louis Bacon’s 13F portfolio since Q3 2015, with the billionaire disposing of his position twice over the years. In Q3 2021, Moore Global Investments held 26,084 Alphabet Inc. (NASDAQ:GOOG) shares, worth $69.7 million, which the hedge fund discarded entirely in the fourth quarter. 

Alphabet Inc. (NASDAQ:GOOG) posted its Q4 earnings on February 1, reporting an EPS of $30.69, topping estimates by $3.41. Revenue over the period jumped 32.39% from the prior-year quarter, reaching $75.33 billion, exceeding market consensus by $3.50 billion. 

Stifel analyst Scott Devitt on February 2 raised the price target on Alphabet Inc. (NASDAQ:GOOG) to $3,500 from $3,200 and kept a Buy rating on the shares after the company announced “another strong quarter”, with revenue and operating income ahead of market consensus estimates. 

Elite hedge funds were increasingly bullish on Alphabet Inc. (NASDAQ:GOOG) during Q4 2021. 158 hedge funds were bullish on Alphabet Inc. (NASDAQ:GOOG) in the fourth quarter, up from 156 funds in the previous quarter. TCI Fund Management was one of the prominent stakeholders of Alphabet Inc. (NASDAQ:GOOG), with 2.95 million shares worth $8.5 billion.

Here is what Polen Focus Growth has to say about Alphabet Inc. (NASDAQ:GOOG) in its Q4 2021 investor letter:

“For the full year, the top performers included Alphabet. Alphabet’s business continues to compound at what we believe to be a healthy rate. The company reported a 40% increase in third-quarter revenues year over year and likely earned approximately $70 billion in incremental revenue in 2021.”

You can also take a look at Morgan Stanley’s Top 10 Stock Picks for 2022 and 10 Best Dividend Stocks According to Thomas Steyer’s Farallon Capital.

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