Oprah Winfrey Stock Portfolio: 5 Companies To Consider

1. Alphabet Inc. (NASDAQ:GOOG)

Number of Hedge Fund Holders: 156     

Alphabet Inc. (NASDAQ:GOOG) provides various products and platforms such as Google Services, Google Cloud etc. It is one of the major stocks to consider in the Oprah Winfrey stock portfolio. On October 27, according to a report from TechCrunch, Google, a subsidiary of Alphabet, acquired Alter, an AI startup for approximately $100 million. On October 27, Google introduced a Blockchain Node Engine based on Google Cloud for Ethereum projects. The firm is on the list of stocks to consider the Oprah Winfrey stock portfolio since Oprah has contributed to a $1.7 million funding round for Waywire, a New York-based internet platform targeted at young people that features original content from members that users could watch and share for free. Google runs a similar service called YouTube. 

On October 26, KeyBanc analyst Justin Patterson maintained an Overweight rating on Alphabet Inc. (NASDAQ:GOOG) stock and lowered the price target to $118 from $120, highlighting that the company’s Q3 net revenue was largely in line with expectations. 

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 52.4 million shares worth more than $5 billion.

In its Q2 2022 investor letter, Baron Funds, an asset management firm, highlighted a few stocks and Alphabet Inc. (NASDAQ:GOOG) was one of them. Here is what the fund said:

“Alphabet Inc. (NASDAQ:GOOG) is the parent company of Google, the world’s largest search and online advertising company. Shares of Alphabet declined 21.6% in the quarter due to concerns about slower global growth impacting the company’s core advertising business. We retain conviction in Alphabet’s merits as it continues to benefit from growth in mobile and online video advertising, which accrues to its core assets of search, YouTube, and the Google ad network. We are further encouraged by Alphabet’s investments in Cloud, AI, and Autonomous Driving (through its Waymo subsidiary).”

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