5 Best Stocks To Invest In Right Now According to Hedge Funds

3. Microsoft Corporation (NASDAQ:MSFT)

Number of Hedge Fund Holders: 238

Coming in at third on our list of the 15 best stocks to invest in right now is the technology giant Microsoft Corporation (NASDAQ:MSFT).

On October 6, Morgan Stanley analyst Keith Weiss kept an Overweight rating and a $331 price target on the shares of Microsoft Corporation (NASDAQ:MSFT), noting that the company is marking its leadership in the Robotics and Public Cloud segments.

Of the 873 hedge funds tracked by Insider Monkey, 238 hedge funds have positions in Microsoft Corporation (NASDAQ:MSFT), valued at over $62.4 billion. The number of hedge funds that held stakes in the company stood at 251 in the previous quarter, worth over $58.9 billion.

Out of the hedge funds being tracked by Insider Monkey, London-based Codex Capital is among the leading shareholders of Microsoft Corporation (NASDAQ:MSFT), with 52,650 shares worth more than $14.2 billion.

Baron Opportunity Fund, in its Q2 2021 Investor Letter, expects solid growth and profitability of  Microsoft Corporation (NASDAQ:MSFT) in the years to come. Here is what the fund said:

“Shares of Microsoft Corporation, a cloud-software leader and provider of software productivity tools and infrastructure, rose during the quarter following a strong earnings report highlighting solid demand for its broad product stack and continued momentum migrating its business to the cloud. Microsoft was a top contributor in the period because it trades at reasonable free cash flow and earnings valuations, has cloud and digital transformation tailwinds at its back, reported a solid March quarter, and beat Street expectations by a wide margin. Microsoft’s results continued to be strong across the board, with Azure cloud computing revenues up 46% in constantcurrency (“cc”) terms and commercial cloud bookings growth of 38% cc, the best in years. Microsoft also reported robust profitability growth, with operating income expanding 31% and GAAP earnings up 45%. We believe the company is well positioned for continued solid growth and profitability through market share gains as more companies look to transform and digitize their businesses as they move operations to the cloud.”