5 Tech Stocks to Buy Now According to Barry Dargan’s Intermede Investment Partners

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1. Alphabet Inc. (NASDAQ:GOOG)

Intermede Investment Partners’ Stake Value: $294,845,000
Intermede Investment Partners’ 13F Portfolio: 6.06%
Number of Hedge Fund Holders: 158

Alphabet Inc. (NASDAQ:GOOG) is the parent company of Google, the world’s most popular search engine. Barry Dargan held 101,896 shares of Alphabet Inc. (NASDAQ:GOOG) in Q4 2021, worth about $294.85 million, representing 6.06% of the total 13F securities. The hedge fund slashed its stake in the firm by 4% in the fourth quarter of 2021.

On April 27, Guggenheim analyst Michael Morris reduced his price target on Alphabet Inc. (NASDAQ:GOOG) to $3,000 from $3,350 and maintained a Buy rating on the shares. He reduced his expectations for 2022 to account for new hurdles, such as stronger comparisons, the influence of Russia, and unfavorable foreign exchange consequences. According to Insider Monkey’s Q4 data, 158 hedge funds were bullish on Alphabet Inc. (NASDAQ:GOOG), amounting to $36.63 billion, up from 156 funds in the earlier quarter, worth $34.96 billion.

Baron Funds, an asset management firm, mentioned Alphabet Inc. (NASDAQ:GOOG) in its first quarter 2022 investor letter. Here is what the fund said:

“We have modestly reduced the size of our position in Alphabet Inc. (NASDAQ:GOOG) (from 6.5% at the end of the fourth quarter of 2021 to 5.3% as of the end of the first quarter of 2022), after the stock rallied 64% in 2021 and continued outperforming during the first quarter, declining just 3%.”

You can also take a peek at 10 Stocks to Buy According to Joshua Pearl’s Hickory Lane Capital Management and 10 Stocks to Buy Now According to James Katz’s Humankind Investments.

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