5 Best Stocks To Buy and Hold Forever

In this article, we discuss 5 best stocks to buy and hold forever. If you want to read our discussion on the stock market landscape, head over to 13 Best Stocks To Buy and Hold Forever. 

5. Alphabet Inc. (NASDAQ:GOOG)

Number of Hedge Fund Holders: 166

Alphabet Inc. (NASDAQ:GOOG) ranks 4th on our list of the best stocks to buy and hold forever. On January 30, Alphabet Inc. (NASDAQ:GOOG) reported Q4 GAAP earnings per share of $1.64 and a revenue of $86.31 billion, exceeding Wall Street estimates by $0.04 and $1.04 billion, respectively. Revenue for the period increased 13.5% on a year-over-year basis. 

According to Insider Monkey’s fourth quarter database. 166 hedge funds were bullish on Alphabet Inc. (NASDAQ:GOOG), compared to 163 funds in the earlier quarter. Ken Fisher’s Fisher Asset Management is the biggest stakeholder of the company, with 45.2 million shares worth $6.3 billion. 

The FPA Crescent Fund stated the following regarding Alphabet Inc. (NASDAQ:GOOG) in its fourth quarter 2023 investor letter:

“Alphabet Inc. (NASDAQ:GOOG) continued going from strength to strength during 2023 despite concerns that competition may infringe on the company’s dominant position in Search. Thus far, Alphabet has continued to hold its own, and we look forward to seeing how the company incorporates further AI developments across the Alphabet ecosystem. Lastly, we are hopeful that the impending arrival of a new CFO will bring a renewed focus on efficiency – an area where we believe Alphabet has ample room for improvement.”