5 Best Kid-Friendly Stocks to Buy Now

4. Alphabet Inc. (NASDAQ:GOOG)

Number of Hedge Fund Holders: 153     

Alphabet Inc. (NASDAQ:GOOG) provides various products and platforms such as Google Services, Google Cloud etc. It is one of the top kid-friendly stocks to invest in 2022. On October 27, Google, a subsidiary of Alphabet, disclosed that it has deleted over a dozen apps from its Google Play Store. It is said that these apps were secretly hiding dangerous malware. On November 1, Google said that it would buy a solar power supply deal with SB Energy Global’s Texas Facilities.

On October 26, Oppenheimer analyst Jason Helfstein maintained an Outperform rating on Alphabet Inc. (NASDAQ:GOOG) stock and lowered the price target to $135 from $155, noting that the company’s lower 2023 estimates on the weaker first half of the year and slower headcount growth.  

Among the hedge funds being tracked by Insider Monkey, Chicago-based investment firm Citadel Investment Group is a leading shareholder in Alphabet Inc. (NASDAQ:GOOG) with 3.2 million shares worth more than $6.9 billion.

In its Q2 2022 investor letter, Baron Funds, an asset management firm, highlighted a few stocks and Alphabet Inc. (NASDAQ:GOOG) was one of them. Here is what the fund said:

“Alphabet Inc. (NASDAQ:GOOG) is the parent company of Google, the world’s largest search and online advertising company. Shares of Alphabet declined 21.6% in the quarter due to concerns about slower global growth impacting the company’s core advertising business. We retain conviction in Alphabet’s merits as it continues to benefit from growth in mobile and online video advertising, which accrues to its core assets of search, YouTube, and the Google ad network. We are further encouraged by Alphabet’s investments in Cloud, AI, and Autonomous Driving (through its Waymo subsidiary).”