5 Best Advertising Stocks to Buy Now

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1. Alphabet Inc. (NASDAQ: GOOG)

Number of Hedge Fund Holders: 179   

Alphabet Inc. (NASDAQ: GOOG) is a California-based multinational technology firm founded in 1998. It is placed first on our list of 10 best advertising stocks to buy now. The firm owns and runs search engine Google, video sharing platform YouTube, as well as other Google services. It sells advertising space on all these platforms and is the largest advertising company in the world, controlling close to 40% of the market share in digital advertising. 

Last month, Alphabet Inc. (NASDAQ: GOOG) reported earnings for the first quarter of 2021 and smashed analyst expectations. The record numbers posted came on the back of increased digital advertising revenue as businesses spent more on marketing to prepare for the reopening of the economy and a flurry of spending by lockdown weary consumers. 

Out of the hedge funds being tracked by Insider Monkey, London-based investment firm TCI Fund Management is a leading shareholder in the firm with 2.9 million shares worth more than $5.1 billion. 

Based on our calculations, Alphabet Inc. (NASDAQ: GOOG) ranks 6th in our list of the 30 Most Popular Stocks Among Hedge Funds.  

Baron Opportunity Fund, in their Q1 2021 investor letter, mentioned Alphabet Inc. (NASDAQ: GOOG). Here is what Baron Opportunity Fund has to say about Alphabet Inc. in their Q1 2021 investor letter:

You can also take a peek at 10 Best Travel Stocks to Buy Right Now, and 10 Best Automotive Stocks to Invest in Now.

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