5 Best Auto Stocks to Invest In

3. Ford Motor Company (NYSE:F)

Number of Hedge Fund Holders: 55

Ford Motor Company (NYSE:F) is a multinational automobile manufacturer. Based in Michigan, the company engages in the sales of both, commercial and luxury vehicles through its brand names, Ford and Lincoln. The automobile company ranks third on our list of the 11 best auto stocks to invest in.

At the end of the second quarter of 2021, 55 hedge funds in the database of Insider Monkey held stakes worth $2.10 billion in Ford Motor Company (NYSE:F). This is compared to 49 hedge funds in the preceding quarter with stakes worth $2.19 billion.

For the second quarter of 2021, Ford Motor Company (NYSE:F) declared its EPS at $0.13, beating market predictions by $0.10. In addition to the EPS, the company reported revenues of $24.13 billion, surpassing forecast estimates by $1.13 billion.

On July 16, BofA analyst John Murphy raised his price target on Ford Motor Company (NYSE:F) to $18, from $17, and kept a Buy rating on the company shares.