In this article, we discuss 5 latest stocks to consider in the portfolio of Nancy Pelosi. If you want to read about some more stocks to consider in the portfolio of Nancy Pelosi, go directly to Nancy Pelosi Stock Portfolio: 10 Latest Stocks To Consider.
5. PayPal Holdings, Inc. (NASDAQ:PYPL)
Number of Hedge Fund Holders: 100
PayPal Holdings, Inc. (NASDAQ:PYPL) is a digital payments firm. A financial disclosure report shows that Pelosi exercised 50 CALL options (5,000 shares) on PayPal Holdings, Inc. (NASDAQ:PYPL) stock in January 2022 worth somewhere between $500,000 and $1,000,000. The report is dated late February 2022 and signed by the Speaker herself.
On June 20, Truist analyst Andrew Jeffrey maintained a Hold rating on PayPal Holdings, Inc. (NASDAQ:PYPL) stock and lowered the price target to $80 from $85, noting the firm was losing “US branded SMB market share to Digital Native disruptors”.
At the end of the first quarter of 2022, 100 hedge funds in the database of Insider Monkey held stakes worth $6.2 billion in PayPal Holdings, Inc. (NASDAQ:PYPL), compared to 110 in the preceding quarter worth $9.9 billion.
In its Q1 2022 investor letter, Baron Funds, an asset management firm, highlighted a few stocks and PayPal Holdings, Inc. (NASDAQ:PYPL) was one of them. Here is what the fund said:
“PayPal Holdings, Inc. (NASDAQ:PYPL) enables digital payments for consumers and merchants worldwide. Shares fell on disappointing 2022 guidance that called for 15% to 17% revenue growth but flat EPS growth due to higher credit costs and a higher tax rate. Management also tempered user growth expectations due to a strategic shift toward improving engagement of existing users and away from less-productive new user acquisition. Despite reduced earnings expectations, we believe the share price decline is overdone given PayPal’s growth opportunities and competitive advantages. We reduced PayPal Holdings, Inc. (NASDAQ:PYPL).as it became clear that strong growth trends during the early part of the pandemic were not persisting in a more normal environment.”
4. The Walt Disney Company (NYSE:DIS)
Number of Hedge Fund Holders: 113
The Walt Disney Company (NYSE:DIS) operates as an entertainment company. According to the data available publicly, she exercised 100 CALL options (10,000 shares) with a strike price of $100 on The Walt Disney Company (NYSE:DIS) stock worth somewhere between $1,000,000 and $5,000,000 in late January this year.
On July 7, Citi analyst Jason Bazinet maintained a Buy rating on The Walt Disney Company (NYSE:DIS) stock and lowered the price target to $145 from $165, noting that recession fears were leading to a decline in advertising and entertainment stocks.
At the end of the first quarter of 2022, 113 hedge funds in the database of Insider Monkey held stakes worth $5.1 billion in The Walt Disney Company (NYSE:DIS), up from 111 the preceding quarter worth $6.9 billion.
In its Q1 2022 investor letter, Harding Loevner, an asset management firm, highlighted a few stocks and The Walt Disney Company (NYSE:DIS) was one of them. Here is what the fund said:
“The war in Ukraine has given new urgency to the question of whether globalization has reached a tipping point and if the familiar web of decentralized, just-in-time, global supply chains will be a casualty of the inward turn dividing countries into competing trading blocs. It is probably too soon to know. We sold The Walt Disney Company (NYSE:DIS), due to some concerns about the increasing capital intensity of its business amid signs of rising competition and slowing growth in streaming media consumption.”
3. Apple Inc. (NASDAQ:AAPL)
Number of Hedge Fund Holders: 131
Apple Inc. (NASDAQ:AAPL) is a consumer electronics firm. Mandatory filings from early June show that Pelosi purchased 100 CALL options on Apple Inc. (NASDAQ:AAPL) stock worth somewhere around $500,000 and $1,000,000 in mid-May 2022. The options have an expiration date of March 2023.
On July 1, Morgan Stanley analyst Katy Huberty maintained an Overweight rating on Apple Inc. (NASDAQ:AAPL) stock with a price target of $185, noting that the net revenue of the App Store was growing compared to the previous year.
At the end of the first quarter of 2022, 131 hedge funds in the database of Insider Monkey held stakes worth $182 billion in Apple Inc. (NASDAQ:AAPL), compared to 134 in the previous quarter worth $186 billion.
In its Q1 2022 investor letter, Weitz Investment Management highlighted a few stocks and Apple Inc. (NASDAQ:AAPL) was one of them. Here is what the fund said:
“Changes to the Apple Inc. (NASDAQ:AAPL) mobile operating systems have temporarily impacted growth of Meta’s advertising business just as the company’s investments in Instagram’s “Reels” feature ramp ahead of full monetization. (Shareholders can read research analyst Jon Baker’s in-depth discussion of current events impacting Meta and reasons why we’re optimistic about the company in our recent Analyst Corner feature.) CoreCard (formerly Intelligent Systems) struggled early in the fiscal year to hire and train staff to handle growth from new and existing clients. Lately, Apple-related headlines also took a bite out of CoreCard shares, as reports suggest Apple Inc. (NASDAQ:AAPL) is exploring a transition of its credit card and other financial services to internally built solutions. Such a move would create revenue headwinds for its partners, which CoreCard is widely believed to be. We are monitoring these developments and stress-testing our model accordingly.”
2. Alphabet Inc. (NASDAQ:GOOG)
Number of Hedge Fund Holders: 160
Alphabet Inc. (NASDAQ:GOOG) is a diversified technology company. A regulatory filing dated late last year reveals that Pelosi purchased 10 CALL options worth somewhere between $500,000 and $1,000,000 in Alphabet Inc. (NASDAQ:GOOG) stock in mid-December 2021. The options have a strike price of $2,000.
On July 7, Evercore ISI analyst Mark Mahaney kept an Outperform rating on Alphabet Inc. (NASDAQ:GOOG) stock and lowered the price target to $3,110 from $3,300, noting that recession risk and inflation pressures were weighing on large cap internet stocks.
Among 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 2.3 million shares worth more than $6.6 billion.
In its Q4 2021 investor letter, Vulcan Value Partners, an asset management firm, highlighted a few stocks and Alphabet Inc. (NASDAQ:GOOG) was one of them. Here is what the fund said:
“In contrast, we made a different kind of mistake about a decade ago. Google, now Alphabet Inc. (NASDAQ:GOOG), performed very well for us while we owned it. The company kept outperforming our assumptions and we kept lowering them to be conservative. “Trees do not grow to the sky.” The stock kept going up and our value grew but did not keep pace with the stock. It hit our estimate of fair value and we sold it with a nice gain, patting ourselves on the back. We kept following Alphabet Inc. (NASDAQ:GOOG) and what they actually did over the next several years was roughly double the assumptions we used to value it. Therefore, our value was too conservative, and we sold it too cheaply, missing many years of compounding. Fortunately, we experienced some volatility several years ago that allowed us to purchase Alphabet Inc. (NASDAQ:GOOG) (Google) again with a margin of safety.”
1. Microsoft Corporation (NASDAQ:MSFT)
Number of Hedge Fund Holders: 259
Microsoft Corporation (NASDAQ:MSFT) is a Washington-based technology firm. According to a Periodic Transaction Report from June 2022, Pelosi purchased 40 CALL options shares worth between $250,000 and $500,000 in Microsoft Corporation (NASDAQ:MSFT) stock in May this year. The options have a strike price of $180 and expire in June 2023.
On July 7, KeyBanc analyst Michael Turits maintained an Overweight rating on Microsoft Corporation (NASDAQ:MSFT) stock and lowered the price target to $330 from $373, noting the recent reductions to 2022 PC shipment outlook as one of the reasons behind the decrease.
Among the hedge funds being tracked by Insider Monkey, Washington-based investment firm Fisher Asset Management is a leading shareholder in Microsoft Corporation (NASDAQ:MSFT), with 27.8 million shares worth more than $8.5 billion.
In its Q1 2022 investor letter, Carillon Tower Advisers, an investment management firm, highlighted a few stocks and Microsoft Corporation (NASDAQ:MSFT) was one of them. Here is what the fund said:
“Stock selection contributed the most while sector allocation was also positive. An underweight to communication services and an overweight to energy helped performance, while an underweight to consumer staples and an overweight to materials detracted. Stock selection was strong within healthcare and materials but was weak within information technology and industrials. Microsoft Corporation (NASDAQ:MSFT) reported positive results driven by personal computing strength, but analysts were especially positive on its growth outlook for its Azure cloud-computing services.”
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