5 Best Stocks to Buy Now According to British Billionaire Chris Hohn

3. Microsoft Corporation (NASDAQ:MSFT)

TCI Fund Management’s Stake Value: $5.61 billion

Percentage of TCI Fund Management’s 13F Portfolio: 12.62%

Number of Hedge Fund Holders: 262

Microsoft Corporation (NASDAQ:MSFT) is up next on Chris Hohn’s list of top stocks to buy. The tech giant was found in the portfolio of 262 hedge funds in the fourth quarter of 2021, cementing its status as one of the stocks most sought-after by investors. TCI Fund Management held 16.68 million shares of Microsoft Corporation (NASDAQ:MSFT) at the end of the fourth quarter, worth $5.61 billion and taking up 12.62% of its overall holdings.

On April 19, Wells Fargo analyst Michael Turrin kept an ‘Overweight’ rating on Microsoft Corporation (NASDAQ:MSFT) shares, and lowered the price target to $400 from $425. The analyst views Microsoft shares as one of the best ways to play the broad secular long-term trend of digitization, and sees it positioned exceptionally well to take advantage in the current environment.

For the fourth quarter, Microsoft Corporation (NASDAQ:MSFT) posted an EPS of $2.48, beating estimates by $0.16. The company raked in $51.73 billion in revenue for the quarter, which beat estimates by $938.45 million and saw an increase of more than 20% from the year-ago quarter.