1. Alphabet Inc. (NASDAQ:GOOG)
Weitz Investment Management’s Stake Value: $159.54 million
Percentage of Weitz Investment Management’s 13F portfolio: 6.67%
Total Number of Hedge Fund Holders: 155
Alphabet Inc. (NASDAQ: GOOG) is Wallace Weitz’s top holding, with 59,860 shares valued at $159.54 million. Headquartered in California, Alphabet Inc. (NASDAQ: GOOG) is the parent company of Google and its related platforms.
On November 2, research firm Morgan Stanley maintained its ‘Overweight’ rating on Alphabet Inc. (NASDAQ: GOOG) Class A shares, raising the price target to $3,200 from $3,000. Firm’s analyst Brian Nowak noted that the company’s growing profit base looks set to deliver outsized cash flows, on the back of better-than-expected results for Q3 2021.
Out of 873 hedge funds tracked by Insider Monkey, 155 hedge funds reported owning positions worth $33.79 billion in Alphabet Inc. (NASDAQ: GOOG) by the end of June. This shows a change from the previous quarter where 159 hedge funds held stakes worth $29.08 billion.
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