5 Stocks To Invest In According To Stephen Errico’s Locust Wood Capital

4. Alphabet Inc. (NASDAQ:GOOG)

Locust Wood Capital’s Stake Value: $69.2 million
Percentage of Locust Wood Capital’s 13F Portfolio: 3.75%
Number of Hedge Fund Holders: 155

Multinational technology giant Alphabet Inc. (NASDAQ:GOOG) continued with its year-long tear during the first week of November, as the internet giant’s shares topped $3,000 for the first time ever, its record highest. Shares of the company are up 72.71% year-to-date.

By the end of June, 155 funds out of the 873 tracked by Insider Monkey had stakes in Alphabet Inc. (NASDAQ:GOOG) at the end of the second quarter, compared to 159 in the previous quarter. Stephen Errico’s hedge fund holds 25,868 shares in the company, amounting to over $69.15 million.

On October 27, Jefferies analyst Brent Thill raised his price target on Alphabet Inc. (NASDAQ:GOOG) to $3,500 from $3,325, and kept a Buy rating on the shares.

In its Q2 2021 investor letter, Mawer Investment Management mentioned Alphabet Inc. (NASDAQ:GOOG). Here is what the fund said:

“Many higher growth companies reported strong results amid the pick-up in broad economic activity including Alphabet. These higher growth companies tend to have increased sensitivity to a change in discount rates and were supported as long-term interest rates stabilized over the period.”