Conservative Stock Portfolio: 5 Best Stocks To Buy

3. Alphabet Inc. (NASDAQ:GOOG)

Number of Hedge Fund Holders: 155

Our hedge fund data shows 155 funds long Alphabet Inc. (NASDAQ:GOOG) in the first quarter. Their total stake value was $18.6 billion.

Alphabet Inc. (NASDAQ:GOOG) is a communication services company. It is based in Mountain View, California.

An Outperform rating and a $140 price target were held on Alphabet Inc. (NASDAQ:GOOG) shares on July 13 by TD Cowen’s John Blackledge.

This is what Weitz Investment Management said about Alphabet Inc. (NASDAQ:GOOG) in its second-quarter 2023 investor letter:

“The year-to-date’s top contributors Microsoft Corp. (MSFT) and Google parent Alphabet Inc. (NASDAQ:GOOG) (also a top quarterly contributor) have generated an enormous volume of AI-centric headlines. Both are at the vanguard of introducing AI-powered technologies into consumer-facing products, most notably their respective search engine. We trimmed several of the year’s winners on strength, including Meta, Microsoft, Alphabet, CoStar Group, Inc. (CSGP), and CarMax.”

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