5 Large-Cap Stocks to Buy According to Anand Parekh’s Alyeska Investment Group

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In this article, we discuss the top 5 large-cap stocks to buy according to Anand Parekh’s Alyeska Investment Group. If you want to read our detailed analysis of Parekh’s history, and hedge fund performance, go directly to the 10 Large-Cap Stocks to Buy According to Anand Parekh’s Alyeska Investment Group.

5. NIKE, Inc. (NYSE:NKE)

Alyeska Investment Group’s Stake Value: $67.8 million
Percentage of Alyeska Investment Group’s 13F Portfolio: 0.79%
Number of Hedge Fund Holders: 67

Ranking 5th on our list of 10 large-cap stocks to buy according to Anand Parekh’s Alyeska Investment Group, NIKE, Inc. (NYSE: NKE) centers around the sports shoes and equipment market internationally. NIKE, Inc. (NYSE: NKE) was inaugurated in 1964 and is based in Beaverton, Oregon. Latest filings by Alyeska Investment Group reveal that the hedge fund owned 438,610 shares in the firm at the end of June 2021 that are worth $67.8 million, representing 0.79% of the portfolio. The fund initiated a new position in the footwear brand in the second quarter of 2021.

On July 23rd, Oppenheimer increased NIKE, Inc. (NYSE: NKE)’s target price from $150 to $195 with an Outperform rating. With a stock price of $156.42, the price went up by 8.01% in the last 6 months. The second quarter revenue of NIKE, Inc. (NYSE: NKE) was $11.2 billion compared to the first quarter’s $10.6 billion. The second quarter’s EPS was $0.78, compared to the estimated $0.62.

As of the second quarter, 67 hedge funds out of the 873 funds tracked by Insider Monkey held stakes in the company worth $6.4 billion versus 78 hedge funds with $5.2 billion worth of stakes in the previous quarter. With a stake of $1.35 billion, Terry Smith is the company’s biggest stakeholder.



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