5 Best German Stocks To Buy Now

In this piece, we will take a look at the five best German stocks to buy now. If you want to take a deeper look at the Germany economy, then read 12 Best German Stocks To Buy Now.

5. Affimed N.V. (NASDAQ:AFMD)

Number of Hedge Fund Investors In Q2 2023: 15

Affimed N.V. (NASDAQ:AFMD) is a cancer treatment developer headquartered in Heidelberg, Germany. Out of its four latest quarters, it has missed analyst EPS estimates in three. However, on a positive note, the shares are rated Strong Buy on average and analysts have set an average share price target of $6.04.

15 out of the 910 hedge funds polled by Insider Monkey had held a stake in Affimed N.V. (NASDAQ:AFMD) as of Q2 2023. Ari Zweiman’s 683 Capital Partners owns the largest stake among these, which is worth $5.3 million.

4. SAP SE (NYSE:SAP)

Number of Hedge Fund Investors In Q2 2023: 16

SAP SE (NYSE:SAP) is one of the largest enterprise resource management software providers in the world. The firm has had a great October so far, as it has won orders from firms such as Siemens for their digital transformation. Additionally, the firm also beat analyst EPS estimates for its third quarter even as firms suffer from high interest rates and inflation.

For their Q2 2023 shareholdings, 15 out of the 910 hedge funds part of Insider Monkey’s database were SAP SE (NYSE:SAP)’s shareholders. Ken Fisher’s Fisher Asset Management is the biggest investor among these, as it holds a $827 million stake that comes via 6 million shares.

3. Deutsche Bank Aktiengesellschaft (NYSE:DB)

Number of Hedge Fund Investors In Q2 2023: 19

Deutsche Bank Aktiengesellschaft (NYSE:DB) is a German bank headquartered in Frankfurt am Main, Germany. After troubles that have plagued it for years, the bank had good news for investors for its third quarter report which saw it post a 7% profit jump and promise more payout through dividends.

During this year’s June quarter, 19 hedge funds among the 910 tracked by Insider Monkey had invested in the bank. Deutsche Bank Aktiengesellschaft (NYSE:DB)’s largest shareholder in our database is Douglas Braunstein and James Woolery’s Hudson Executive Capital due to its $707 million investment.

2. BioNTech SE (NASDAQ:BNTX)

Number of Hedge Fund Investors In Q2 2023: 21

BioNTech SE (NASDAQ:BNTX) is a biotechnology company that is well known for its coronavirus vaccine. The firm won a major respite in the U.S. in October after a healthcare company withdrew its lawsuit accusing BioNTech SE (NASDAQ:BNTX) of patent infringement.

After digging through 910 hedge funds for their second quarter of 2023 investments, Insider Monkey discovered that 21 had bought and owned BioNTech SE (NASDAQ:BNTX)’s shares. Jim Simons’ Renaissance Technologies owns the biggest stake out of these, which is worth $48 million.

1. Immatics N.V. (NASDAQ:IMTX)

Number of Hedge Fund Investors In Q2 2023: 32

Immatics N.V. (NASDAQ:IMTX) is a small biotechnology company that is developing cancer treatments. Like other biotech companies, its shares are also rated Strong Buy on average with an $11 upside based on the average share price target of $19.13.

32 out of the 910 hedge funds part of Insider Monkey’s research were the firm’s investors as of June 2023 end. Immatics N.V. (NASDAQ:IMTX)’s largest hedge fund shareholder is Julian Baker and Felix Baker’s Baker Bros. Advisors as it owns $65 million worth of shares.

Disclosure: None. You can also take a look at 12 Cheap Biotech Stocks Smart Investors Are Piling Into and Top 10 Oil and Gas Stocks To Buy.

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