Was Rajiv Jain’s GQG Partners Right About These 5 Stocks?

2. Alphabet Inc. (NASDAQ:GOOG)

GQG Partners’ Stake Value: $2.98 billion
Performance of the stock over the past 12 months as of November 22: -32%

Alphabet Inc. (NASDAQ:GOOG) is a multinational California-based tech corporation that owns and runs the internet search engine Google.

On November 2, Morgan Stanley analyst Brian Nowak raised the price target on Alphabet Inc. (NASDAQ:GOOG) shares to $3,200 from $3,000, and kept an Overweight rating on the shares of the company.

Here is what Weitz Investment Management Partners III Opportunity Fund has to say about Alphabet Inc. (NASDAQ:GOOG) in its Q3 2021 investor letter:

“Our nearly unchanged result this quarter was reminiscent of a balanced scale, with two or three weights on each plate (our top contributors and detractors) practically leveling both sides of the scale. Returns for the bulk of our portfolio were within a narrow band hugging either side of zero, with relatively few securities delivering outsized positive or negative results… Finally, Google parent Alphabet continued its terrific 2021 as the digital advertising giant shows no sign of slowing.”