5 Biggest Data Science Companies In USA

3. Alphabet Inc. (NASDAQ:GOOGL)

Number of Hedge Fund Holders: 191

Alphabet Inc. (NASDAQ:GOOGL) is one of the largest technology companies in the world, which is known primarily for its search engine Google. It also provides video streaming services, an email platform, and consumer technology products.

Data analytics sit at the heart of Alphabet Inc. (NASDAQ:GOOGL)’s products, as its search engine Google sifts through billions of webpages based on an analytical profile of the user performing the query and the webpage that it displays. The firm’s YouTube service uses user profiles and past history to finetune content offerings and deliver advertisements. It also provides a cloud computing platform that lets companies run analytical models such as classification algorithms.

191 out of the 895 hedge funds polled by Insider Monkey for their June quarter of 2022 investments had held a stake in Alphabet Inc. (NASDAQ:GOOGL).

Chris Hohn’s TCI Fund Management is Alphabet Inc. (NASDAQ:GOOGL)’s largest investor. It owns 2.4 million shares that are worth $5.4 billion.

RiverPark Funds mentioned the company in its Q3 2022 investor letter. Here is what the fund said:

“Despite solid 2Q results, internet services leader Alphabet was a top detractor this quarter on market concerns about the global economic outlook. For its 2Q22, the company had another quarter of strong earnings, driven by search, YouTube and growth at its emerging cloud business. The company reported second-quarter revenue of $70 billion, an increase of 13% year over year (16% on a constant currency basis), with Google Services (mostly Advertising) up 10% and Google Cloud up 36%.