Valiant Capital’s Performance, Holdings, and India Investments

5. Alphabet Inc (NASDAQ:GOOG)

Valiant Capital also held around 71,400 shares of Alphabet Inc (NASDAQ:GOOG)’s class C stock heading into the third quarter, down by 17% compared to the end of March; the value of the position amounted to $64.87 million. On the other hand, Phill Gross And Robert Atchinson’s Adage Capital Management increased its stake in Alphabet Inc (NASDAQ:GOOG) by 60,750 shares and owns 451,400 class C shares as of the end of the second quarter.

Alphabet Inc (NASDAQ:GOOG) has been included in Valiant’s equity portfolio since the third quarter of 2015 and the stock has grown by over 45% during this time. The stock is poised to grow further this year, according to MKM analyst Rob Sanderson. Sanderson has recently hiked its price target on Alphabet Inc (NASDAQ:GOOG) to $1,210, saying that the tech giant should register a higher revenue due to higher contributions from YouTube, which has faced some disruption as corporations were concerned about some videos that contained their ads.

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