5 Best Video Conferencing Stocks To Buy

02. Alphabet Inc. (NASDAQ:GOOGL)

Number of Hedge Fund Holders as of Q2, 2022: 191

Alphabet Inc. (NASDAQ:GOOGL) is one of the largest internet companies globally. The company also has a video conferencing platform called Google Meet, which qualifies it to be among the best video conferencing stocks. Alphabet ranks second in our list of best video conferencing stocks to buy. On October 11, Credit Suisse analyst Stephen Ju lowered his price target on Alphabet to $134 from $140 and kept an Outperform rating on the shares ahead of quarterly results.

At the end of the second quarter of 2022, 191 hedge funds in the database of Insider Monkey held stakes worth $22 billion in Alphabet Inc. (NASDAQ:GOOGL), compared to 205 in the preceding quarter worth more than $28 billion.

Here is what Merion Road Capital specifically said about Alphabet Inc. (NASDAQ:GOOG) in its Q3 2022 investor letter:

“Portfolio returns continued to get dragged down by some of our core holdings in large-cap technology like Alphabet Inc. (NASDAQ:GOOG). The market positioning and long-term opportunity set for these companies has not changed. Current prices obviously reflect increased macroeconomic risks and risk-free rates/premium. But it’s hard to argue that these risks are not reflected in the price or that GOOG should be disproportionately hurt by rising rates when it is trading at a mid-teen multiple of free cash flow. In any case, GOOG is a secular winner when we look beyond a few months or years.”