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

3. Facebook, Inc. (NASDAQ:FB)

Alyeska Investment Group’s Stake Value: $53 million
Percentage of Alyeska Investment Group’s 13F Portfolio: 0.62%
Number of Hedge Fund Holders: 266

Ranking 3rd on our list of 10 large-cap stocks to buy according to Anand Parekh’s Alyeska Investment Group, Facebook, Inc. (NASDAQ: FB) is a software company that connects friends and families across the globe. Facebook, Inc. (NASDAQ: FB) was inaugurated in 2004 and is situated in Menlo Park, California. The latest filings by Alyeska Investment Group reveal that the hedge fund owned 152,311 shares in the firm at the end of June 2021 that are worth $53 million, representing 0.62% of the portfolio. Alyeska Investment Group divested in the social networking group by 6% compared to the first quarter of 2021.

On September 17th, Jefferies increased Facebook, Inc. (NASDAQ: FB)’s target price from $425 to $440 with a Buy rating.

As of the second quarter, 266 hedge funds out of the 873 funds tracked by Insider Monkey held stakes in the company.