5 Best Video Conferencing Stocks to Buy

4. Google Meet, Owned by Alphabet Inc. (NASDAQ: GOOGL)

No. of Hedge Fund Holders: 179

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 fourth in our list of best video conferencing stocks to buy.

Our calculations show that Alphabet Inc. (NASDAQ: GOOGL) ranks 4th in our list of the 30 Most Popular Stocks Among Hedge Funds.

Baron Opportunity Fund, in its Q1 2021 investor letter, mentioned Alphabet Inc. (NASDAQ: GOOGL). Here is what Baron Opportunity Fund has to say about Alphabet Inc. in its letter:

“Alphabet Inc., the parent company of Google, is discussed further in the Review and Outlook section above and the Top Purchases section below. Google is the world’s largest search and online advertising company, and a top cloud computing player. Shares rose in the quarter on strong fourth quarter results that saw solid revenue growth of 23% and expanding operating margins. Search grew 17%, YouTube grew 46%, and total cloud revenue grew 46%, with Google cloud computing meaningfully ahead. CEO Sundar Pichai began the earnings call with this statement: “The past year…accelerated the shift to cloud and adoption of online services. This has profound implications for all companies and consumers….Google’s products…have been a lifeline for millions of small, medium businesses hit hard by the pandemic.”