5 Best S&P 500 Stocks That Don’t Pay Dividends

3. Alphabet Inc. (NASDAQ:GOOG)

Number of Hedge Fund Holders: 156

Alphabet Inc. (NASDAQ:GOOG) is a communication services company. It operates through its Google Services, Google Cloud, and Other Bets segments.

Societe Generale’s Christophe Cherblanc holds a Buy rating on Alphabet Inc. (NASDAQ:GOOG) shares as of November 30.

Alphabet Inc.’s (NASDAQ:GOOG) cloud service segment is representing rapid growth this year. It contributes about 10% of the company’s total revenue, and in the third quarter, the segment’s revenue increased by 37.6% year-over-year. Analysts expect the company to maintain high revenue growth rates with a CAGR of 32% per year over the next few years.

Our hedge fund data shows 156 companies long Alphabet Inc. (NASDAQ:GOOG) in the third quarter, with a total stake value of $19.3 billion.

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