5 Best Healthcare Stocks For the Long Term

Page 1 of 5

In this article, we will take a look at the 5 best healthcare stocks for the long term. You can skip this part and go to 10 Best Healthcare Stocks For the Long Term.

5. AbCellera Biologics Inc. (NASDAQ:ABCL)

PE Ratio (TTM): 12.15

Number of Hedge Fund Holders: 26

AbCellera Biologics Inc. (NASDAQ:ABCL) is a Canadian biotech company.  AbCellera Biologics Inc. (NASDAQ:ABCL) is operating in the human antibodies space. Earlier in December AbCellera Biologics Inc. (NASDAQ:ABCL) rose to limelight after it signed a multi-target strategic collaboration with AbbVie (NYSE:ABBV) to discover antibody therapies. According to the deal AbCellera Biologics Inc. (NASDAQ:ABCL)’s antibody discovery and development engine will be used to make development candidates for up to five targets selected by AbbVie across multiple indications.

Hedge funds are piling into this healthcare stock which seems a promising pick for the long term. As of the end of the September quarter, 26 hedge funds reported having stakes in AbCellera Biologics Inc. (NASDAQ:ABCL), compared to 17 funds in the previous quarter. The total value of these stakes was $313 million. The biggest stakeholder of AbCellera Biologics Inc. (NASDAQ:ABCL) was Julian Baker and Felix Baker’s Baker Bros. Advisors, which owns a stake worth over $103 million in AbCellera Biologics Inc. (NASDAQ:ABCL).

Page 1 of 5