5 Best Guru Stocks To Buy Now

4. Alphabet Inc. (NASDAQ:GOOGL)

Number of Hedge Fund Holders: 214

Guru’s Stake as of March 11: $660,127

Alphabet Inc. (NASDAQ:GOOGL) is ranked high among the best Guru stocks. The Global X Guru Index ETF (NYSE:GURU), as of March 11, holds 4,795 shares of Alphabet Inc. (NASDAQ:GOOGL) worth $660,127. On January 30, the company reported a Q4 GAAP EPS of $1.64 and a revenue of $86.31 billion, outperforming Wall Street estimates by $0.04 and $1.04 billion, respectively. 

According to Insider Monkey’s fourth quarter database, 214 hedge funds were bullish on Alphabet Inc. (NASDAQ:GOOGL), in contrast to the previous quarter when 221 funds had invested in the stock. Ken Fisher’s Fisher Asset Management is the largest stakeholder of the company, with 45.18 million shares worth $6.31 billion.

The FPA Crescent Fund stated the following regarding Alphabet Inc. (NASDAQ:GOOGL) in its fourth quarter 2023 investor letter:

“Alphabet Inc. (NASDAQ:GOOG) continued going from strength to strength during 2023 despite concerns that competition may infringe on the company’s dominant position in Search. Thus far, Alphabet has continued to hold its own, and we look forward to seeing how the company incorporates further AI developments across the Alphabet ecosystem. Lastly, we are hopeful that the impending arrival of a new CFO will bring a renewed focus on efficiency – an area where we believe Alphabet has ample room for improvement.”