Billionaire Lee Cooperman’s 5 Large-Cap Stock Picks

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1. Alphabet Inc. (NASDAQ:GOOG)

Number of Hedge Fund Holders: 155 

Alphabet Inc. (NASDAQ:GOOG) is ranked first on our list of 10 large-cap stock picks of billionaire Lee Cooperman. The company operates as a technology firm and is headquartered in California. 13F filings reveal that Omega Advisors owned 60,000 shares in the company at the end of the second quarter of 2021 worth $146 million, representing 8.22% of the portfolio. 

On September 17, investment advisory Jefferies maintained a Buy rating on Alphabet Inc. (NASDAQ:GOOG) stock and raised the price target to $3,325 from $3,150. Brent Thill, an analyst at the advisory, issued the ratings update. 

Out of the hedge funds being tracked by Insider Monkey, London-based investment firm TCI Fund Management is a leading shareholder in Alphabet Inc. (NASDAQ:GOOG) with 2.9 million shares worth more than $7.3 billion. 

In its Q1 2021 investor letter, Artisan Partners, an asset management firm, highlighted a few stocks and Alphabet Inc. (NASDAQ:GOOG) was one of them. Here is what the fund said:

“Large-cap tech companies have been resilient through the pandemic—Alphabet among them. A top contributor, Alphabet’s Play Store and Google Cloud are in demand as businesses accelerate online activity which, along with strong YouTube user growth, is helping stabilize temporarily weaker search ad revenue trends. Through the lens of our disciplined bottom-up research process, we view Alphabet as one of the best businesses in the world, capable of expanding revenues at a rapid rate for years to come, with a bullet proof balance sheet and an average asking price. It’s a name we’ve owned since 2012 and for which we continue to have high hopes regarding future prospects.”

You can also take a peek at What are the Best Stocks to Buy Right Now? and 10 Best 52-Week Low Stocks to Buy Now.

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