5 Hot EV Stocks To Buy Now

4. Ford Motor Company (NYSE:F)

Number of Hedge Fund Holders: 43

Avg Volume: 52.89 million

Headquartered in Dearborn, Michigan, United States, Ford Motor Company (NYSE:F) stands as an American multinational automobile manufacturer. Under the Ford brand, the company specializes in selling automobiles and commercial vehicles, while its luxury cars fall under the distinguished Lincoln brand.

On November 1, Barclays upgraded the rating of Ford Motor Company (NYSE:F) stock to Overweight, maintaining a $14 price target. The firm emphasized the stock’s “historically cheap valuation,” and analyst Dan Levy suggested that an appealing upside could materialize in the event of a potential “modest reversal of sharply negative sentiment.”

As of Q3 2023, 43 of the elite hedge funds tracked by Insider Monkey held Ford Motor Company (NYSE:F) shares, valued at $1.3 billion. Ken Fisher’s Fisher Asset Management was its largest hedge fund shareholder with ownership of 55.6 million shares valued at $691 million.