5 Top Stocks to Buy Today According to Rob Koehn’s Ivy Lane Capital

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1. Alphabet Inc. (NASDAQ: GOOG)

Value: $24,311,000
Percentage of Ivy Lane’s 13F Portfolio: 17.19%
Number of Hedge Fund Holders: 155

Alphabet Inc. (NASDAQ: GOOG) is an American multinational company and became the holding company of Google and other Google subsidiaries in 2015. The company offers services in web-based research, software applications, and maps.

In Q2, Robert Koehn’s Ivy Lane Capital holds 9,700 shares in Alphabet Inc. (NASDAQ: GOOG), worth $24.3 million. During the quarter, the hedge fund did not change its activity in the company. Alphabet Inc. (NASDAQ: GOOG) represents 17.19% of the fund’s 13F portfolio. In Q2 2021, Alphabet Inc. (NASDAQ: GOOG) generated $61.2 billion in revenue, compared with $38.2 billion during the same period last year. In August, JPMorgan lifted its price target on Alphabet Inc. (NASDAQ: GOOG) to $3,250 and implied a 19% further upside. UBS also ranked the stock as a ‘Buy’ after strong quarterly results.

As of Q2 2021, 155 hedge funds tracked by Insider Monkey have positions in Alphabet Inc. (NASDAQ: GOOG), worth over $33.7 billion.

Alger recently published its Q2 2021 investor letter and mentioned Alphabet Inc. (NASDAQ: GOOG) in it. Here is what the firm has to say:

Alphabet Inc. was among the top contributors to performance. Alphabet’s Google is a leading search engine, which has allowed the company to become a beneficiary of the shift of advertising dollars from traditional mediums like television, radio and newspapers to digital platforms. The company is also a leader in implementing artificial intelligence and developing autonomous vehicles and owns the highly trafficked YouTube service. Alphabet contributed to performance due to a strong quarterly report that was highlighted by a meaningful acceleration in advertising revenues reflecting a robust, broad-based demand environment with notable strength in retail and improvement in travel-related businesses. Profitability was also better than expected as the revenue growth exceeded the rate at which costs for staffing, office expenses, travel and entertainment increased.”

You can also take a look at 10 Best Stocks To Buy According To Billionaire Larry Robbins and 10 Best Stocks To Buy Now According To Quant Billionaires

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