Billionaire Ken Fisher’s Top 5 Stock Picks

3. Alphabet Inc. (NASDAQ:GOOG)

Fisher Asset Management’s Holdings: $4,371,802,000
Percentage of Fisher Asset Management’s Portfolio: 2.64%

Alphabet Inc. (NASDAQ:GOOG) is a global company with various products and platforms in Google Services, Google Cloud, and Other Bets.

On April 26, Deutsche Bank’s Benjamin Black reiterated a ‘Buy’ rating on Alphabet Inc. (NASDAQ:GOOG) shares and raised the price target from $120 to $125 after the company reported “solid” Q1 results.

Ken Fisher’s Fisher Asset Management increased its position in the company to 42.15 million shares in the first quarter.

Here is what Diamond Hill Capital said about Alphabet Inc. (NASDAQ:GOOG) in its Q1 2023 investor letter:

“We did have several strong performing stocks this quarter. Our top contributors to return included NVR, Amazon, Alphabet Inc. (NASDAQ:GOOG), Microsoft and Booking Holdings, all of which posted double-digit gains. Shares of media and technology giant Alphabet outperformed as the company announced expense discipline while continuing to invest in its core products of Google Search, YouTube and Google Cloud.”

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