5 Technology Stocks to Buy According to Billionaire Mario Gabelli

Page 1 of 5

In this article, we discuss the 5 technology stocks to buy according to Mario Gabelli. If you want to read our detailed analysis of these stocks, go directly to the 10 Technology Stocks to Buy According to Billionaire Mario Gabelli.

5. Apple Inc. (NASDAQ: AAPL)

Number of Hedge Fund Holders: 138   

Apple Inc. (NASDAQ: AAPL) is ranked fifth on our list of 10 technology stocks to buy according to Mario Gabelli. The firm makes and sells electronics and computer software and is headquartered in California. Securities filings show that GAMCO Investors owned 220,213 shares in the company at the end of June 2021 worth $30 million, representing 0.25% of the portfolio. 

On September 1, investment advisory Wolfe Research upgraded Apple Inc. (NASDAQ: AAPL) stock to Peer Perform from Underperform and raised the price target to $155 from $135, noting that the demand for the new iPhone was rising. 

At the end of the second quarter of 2021, 138 hedge funds in the database of Insider Monkey held stakes worth $145 billion in Apple Inc. (NASDAQ: AAPL), up from 127 in the preceding quarter worth $131 billion.

In its Q1 2021 investor letter, Distillate Capital, an asset management firm, highlighted a few stocks and Apple Inc. (NASDAQ: AAPL) was one of them. Here is what the fund said:

“Apple is an even more notable situation and one that highlights our free cash valuation methodology and bears further discussion given its Q3 ‘20 sale from our strategy. For an extended period, Apple was extraordinarily inexpensive on a free cash flow basis and was the largest position in our strategy, exceeding 5% of the portfolio.”

Page 1 of 5