5 Best Stocks to Buy According to Thomas Bailard’s Hedge Fund

3. Alphabet Inc. (NASDAQ:GOOG)

Bailard Inc’s  Stake Value: $58,799,000

Percentage of Bailard Inc’s 13F Portfolio: 2.31%

Number of Hedge Fund Holders (Q1): 160

Bailard Inc first reported a stake in Alphabet Inc. (NASDAQ:GOOG) in the fourth quarter of 2004, the same year that Alphabet Inc.’s (NASDAQ:GOOG) stock made its debut on the Nasdaq exchange. Alphabet Inc. (NASDAQ:GOOG) has been among the most popular companies among the 912 hedge funds we actively track. At the end of the first quarter, 160 hedge funds reported holding the class C stock of Alphabet Inc. (NASDAQ:GOOG), and 205 reported holding class A stock.

On July 26, the company reported its second-quarter earnings, following which several analysts changed their price target on the stock. Among them were analysts at Piper Sandler, who lowered their price target on the stock to $135 from $139 while maintaining their ‘Overweight’ rating.