5 Best Video Conferencing Stocks to Invest In

3. Alphabet Inc. (NASDAQ:GOOG)

Number of Hedge Fund Holders: 152

With a market capitalization of $1.76 trillion, Alphabet Inc. (NASDAQ:GOOG) introduced Google Meet in 2017 as a video conferencing tool. Using Google Meet, 100 people can join the meeting simultaneously. Ranked 3rd in our list of best video conferencing stocks to invest in, Alphabet Inc. (NASDAQ:GOOG) posted Q2 consolidated revenue of $74.6 billion, up 7% or up 9% in constant currency and EPS of $1.44 that came ahead of analysts’ forecast of $1.32.

With Insider Monkey’s database of 910 hedge funds portfolios for Q2 2023 investments, 152 had a stake in Alphabet Inc. (NASDAQ:GOOG). The biggest shareholder was Harris Associates with 26.9 million shares of Alphabet Inc. (NASDAQ:GOOG) that were worth $3.2 billion.