5 Tech Stocks to Invest in Today According to John Armitage’s Egerton Capital

1. Alphabet Inc. (NASDAQ:GOOG)

Egerton Capital’s Stake Value: $2,210,331,000

Percentage of Egerton Capital’s 13F Portfolio: 10.98%

Number of Hedge Fund Holders: 155

Armitage’s Egerton Capital owns 881,903 shares in Alphabet Inc. (NASDAQ:GOOG) as of the end of June, valued at $2.21 billion, and making up 10.98% of Armitage’s 13F portfolio. 

At the end of June, 155 hedge funds in Insider Monkey’s database were long  Alphabet Inc. (NASDAQ:GOOG), down from 159 in the previous quarter. 

On October 12, JP Morgan analyst Doug Anmuth kept an Overweight rating on  Alphabet Inc. (NASDAQ:GOOG)’s shares, with a price target of $3250.

Wedgewood Partners mentioned Alphabet Inc. (NASDAQ:GOOG) in its Q3 2021 portfolio. Here is what they said: 

“Alphabet’s core Google search business accelerated to multiyear highs, up nearly +70% driven in part by advertisers rushing to the Company’s Android platform. We estimate Android runs on nearly three-quarters of all smartphones; however, its share of ad spend is lower. Recent policy changes to Apple’s iOS operating system have made it more difficult for advertisers to get a return on its ad spend across the Apple ecosystem. These changes should help close the gap between Android and iOS advertising share and sustain Alphabet’s torrid growth.”

You can also take a look at Billionaire DE Shaw’s Top 10 Stock Picks and 10 High Yield Dividend Champions.

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