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

2. Alphabet Inc. (NASDAQ:GOOG)

Alyeska Investment Group’s Stake Value: $143 million
Percentage of Alyeska Investment Group’s 13F Portfolio: 1.67%
Number of Hedge Fund Holders: 155

Launched in 1998 and rooted in Mountain View, California, Alphabet Inc. (NASDAQ: GOOG) ranks 2nd on our list of 10 large-cap stocks to buy according to Anand Parekh’s Alyeska Investment Group. Alphabet Inc. (NASDAQ: GOOG) specializes in services related to performance and brand advertisement. The latest filings by Alyeska Investment Group reveal that the hedge fund owned 58,429 shares in the firm at the end of June 2021 that are worth $143 million, representing 1.67% of the portfolio. Alyeska Investment Group increased investment in the communication company by 60% compared to the first quarter of 2021.

On September 17th, Jefferies boosted Alphabet Inc. (NASDAQ: GOOG)’s target price from $3,150 to $3,325 with a Buy rating. 

As of the second quarter, 155 hedge funds out of the 873 funds tracked by Insider Monkey held stakes in the company.