Top 5 Stock Picks of Ryan Frick and Oliver Evans’ Dorsal Capital Management

3. Alphabet Inc. (NASDAQ:GOOG)

Dorsal Capital Management’s Stake Value: $189,820,000

Percentage of  Dorsal Capital Management’s 13F Portfolio: 9.27%

Alphabet Inc. (NASDAQ:GOOG) is the principal of Google and other subsidiaries related to artificial intelligence, autonomous driving, cloud computing, hardware, etc.

Tech investor, Founder, and Portfolio Manager at Satori Fund, Dan Niles considers Alphabet Inc. (NASDAQ:GOOG) as one of his top picks for 2022. He thinks that Alphabet Inc. (NASDAQ:GOOG) stock offers growth at a reasonable valuation.

Alphabet Inc’s YouTube and the Walt Disney Company (NYSE:DIS) reached an agreement on December 19 to continue the access to Disney-owned channels on YouTube TV. The previous contract between the two media giants expired on December 18 that resulting in a blackout of Disney channels for four million subscribers of YouTube TV. For the inconvenience, YouTube TV granted a $15 discount on monthly bills to active users of YouTube TV.

Alphabet Inc. (NASDAQ:GOOG) was mentioned in the Q3 2021 investor letter of RiverPark Funds. Here’s what the investment management firm had to say about the company:

“Internet services leader Alphabet was also a top contributor for the quarter, hitting its all-time high on September 1. Fundamentals at the company remain stellar—the company reported its highest quarter ever for sales and profit in late July. The company reported second-quarter revenue of $62 billion, an increase of 62% year over year, which, when combined with strong expense controls, led to a tripling of operating income to $19 billion. The company experienced strong revenue growth across all its segments—Google Services (mostly Advertising) grew 63%, Google Cloud grew 54% and Other Bets grew 30%.

With its continued strength across its core Search and YouTube franchises and emerging strength in its still small Cloud business, we continue to view Alphabet as among the best-positioned secular growth franchises. Additionally, despite its strong performance this year, GOOG shares trade at a compelling 20x our 2022 EPS estimate (which includes earnings drags from losses in its Other Bets and Google Cloud segments, which lost a combined $2 billion last quarter), only a slight premium to the market.”