5 Tech Stocks to Buy Now According to Late Michael Price’s MFP Investors

3. Alphabet Inc. (NASDAQ:GOOG)

MFP Investors’ stake value: $18.25 million

Percentage of MFP Investors’ portfolio: 2.02%

Number of hedge fund holders: 374

Over the past few years, the firm’s strategy of increasing its stake in Alphabet Inc. (NASDAQ:GOOG) worked in its favor. This is because Alphabet’s stock price surged 195% in the past five years and most of the price growth occurred in the past two years. The company’s fundamentals look strong amid prospects for higher ads revenue in the quarters ahead. 

In the fourth quarter investor letter, Tao Value, an investment management firm, highlighted a few stocks including Alphabet. Here’s what Tao Value stated:

“Our top contributors this quarters included Yet Alphabet (NASDAQ:GOOG), adding 125 bps respectively. As of the end of this quarter, our top 3 positions also includes Alphabet (NASDAQ:GOOG). Alphabet (NASDAQ:GOOG) seemed to defy such impact and still delivered strong results, beating both revenue & earnings expectations.”