5 Tech Stocks to Buy According to Billionaire David Harding

4. Alphabet Inc. (NASDAQ:GOOG)

Winton Capital Management’s Stake Value: $8,617,000

Percentage of Winton Capital Management’s 13F Portfolio: 0.48%

Number of Hedge Fund Holders: 156

On December 3, Tigress Financial analyst Ivan Feinseth raised the price target on Alphabet Inc. (NASDAQ:GOOG) to $3,540 from $3,185 and reiterated a Strong Buy rating on the shares. Alphabet Inc. (NASDAQ:GOOG)’s increasing artificial intelligence-first focus is driving greater product functionality and “significant” growth opportunities, according to the analyst. 

TCI Fund Management is the biggest Alphabet Inc. (NASDAQ:GOOG) stakeholder, out of the 156 hedge funds that were bullish on the stock in the third quarter. 

Alphabet Inc. (NASDAQ:GOOG) and Verizon Communications Inc. (NYSE:VZ) announced on December 16 that they are collaborating to “bring the power of the cloud closer to mobile and connected devices at the edge of Verizon’s network”. 

Here is what Saturna Capital Amana Funds has to say about Alphabet Inc. (NASDAQ:GOOG) in its Q3 2021 investor letter:

“Alphabet was a new addition to the Fund this year, as we believed it important to have exposure to the top online media and advertising company in the world. Some have raised concerns surrounding Alphabet’s exposure to political interference, but we take comfort from the belief that were the company to be broken up, it would quite likely be worth even more than as a single entity.”