5 Top Stock Picks of Israel Englander

4. Alphabet Inc. (NASDAQ:GOOG

Number of Hedge Fund Holders: 152 

Alphabet Inc. (NASDAQ:GOOG) is a California-based technology firm. Regulatory filings reveal that Millennium Management owned 5.8 million shares of Alphabet Inc. (NASDAQ:GOOG) at the end of the third quarter of 2023 worth $776 million, representing 0.39% of the portfolio. 

On October 25, investment advisory Piper Sandler maintained an Overweight rating on Alphabet Inc. (NASDAQ:GOOG) stock and raised the price target to $150 from $147, lauding the earnings report of the firm driven by Search and YouTube revenues.  

Among the hedge funds being tracked by Insider Monkey, Texas-based investment firm Fisher Asset Management is a leading shareholder in Alphabet Inc. (NASDAQ:GOOG) with 43 million shares worth more than $5.7 billion.

In its Q3 2023 investor letter, Weitz Investment Management, an asset management firm, highlighted a few stocks and Alphabet Inc. (NASDAQ:GOOG) was one of them. Here is what the fund said:

“As for other quarterly contributors, Alphabet Inc. (NASDAQ:GOOG) and Meta Platforms, Inc., (META) added to their exceptional year-to-date returns. Meta Platforms and Alphabet were the true year-to-date standouts. After steep declines in 2022, both stocks rebounded sharply due to a combination of solid fundamentals, disciplined operational execution, and improved sentiment. Despite outsized gains and attention, we think both Alphabet and Meta remain undervalued.”