5 Best Hot Stocks To Buy Right Now

2. Alphabet Inc. (NASDAQ:GOOG)

Number of Hedge Fund Holders: 155

At the end of the fourth quarter of 2021, 158 hedge funds tracked by Insider Monkey reported owning stakes in Alphabet Inc. (NASDAQ:GOOG), compared to 156 funds in the previous quarter. The total value of these stakes is over $36.6 billion.

On November 2, Morgan Stanley analyst Brian Nowak raised the price target on Alphabet Inc. (NASDAQ:GOOG) shares to $3,200 from $3,000, and kept an Overweight rating on the shares of the company.

Here is what Polen Global Growth has to say about Alphabet Inc. (NASDAQ:GOOG) in its Q3 2021 investor letter:

Alphabet continue to perform well as the business have grown through the pandemic. Alphabet has benefited as more people spend more time online and advertisers continued to shift towards digital ads. Those leading in the new world are accelerating investment, while those lagging are investing to close the gap. This is a great example of the pandemic accelerating trends that were already in motion, making leaders more resilient.”