5 Best Tech Stocks to Buy According to Billionaire Julian Robertson

4. Alphabet Inc. (NASDAQ: GOOG)

Robertson’s Stake Value: $28,733,000
Percentage of Julian Robertson’s 13F Portfolio: 5.64%
Number of Hedge Fund Holders: 159

Alphabet Inc. (NASDAQ: GOOG) is a multinational technology company providing online advertising services in the US and internationally. It also offers performance and brand advertising services and is among the Big Five tech giants. The company ranks 4th on our list of the best tech stocks to buy according to billionaire Julian Robertson.

In Q121 reports, Alphabet Inc. (NASDAQ: GOOG) reported a $55.31 billion revenue and $17.93 billion in earnings, alongside the fact that the company beat EPS estimates by $10.41 with their $26.29 EPS for Q1. Alphabet Inc. (NASDAQ: GOOG) also gained 42.95% in the past 6 months and 46.22% year to date and has a forward PE ratio of 28.95.

In Q121, 159 hedge fund holders held stakes valued at over $29 billion in Alphabet Inc. (NASDAQ: GOOG), up from Q420 numbers of 157 hedge fund holders holding stakes valued at $20.5 billion. Tiger Management holds 13,890 shares in the company worth $28 million.

Artisan Partners, in its Q1 2021 investor letter, mentioned Alphabet Inc. (NASDAQ: GOOG). Here is what Artisan Partners has to say about Alphabet Inc. in its letter:

“Large-cap tech companies have been resilient through the pandemic—Alphabet among them. A top contributor, Alphabet’s Play Store and Google Cloud are in demand as businesses accelerate online activity which, along with strong YouTube user growth, is helping stabilize temporarily weaker search ad revenue trends. Through the lens of our disciplined bottom-up research process, we view Alphabet as one of the best businesses in the world, capable of expanding revenues at a rapid rate for years to come, with a bullet proof balance sheet and an average asking price. It’s a name we’ve owned since 2012 and for which we continue to have high hopes regarding future prospects.”