Billionaire Israel Englander is Buying These 5 Stocks

4. Oracle Corporation (NYSE:ORCL)

Number of Hedge Fund Holders: 56
Millennium Management’s Stake Value: $253,964,000

Oracle Corporation (NYSE:ORCL) is one of the leading computer technology companies in the world. In fiscal Q2, the company’s cloud revenue jumped 22% year-over-year at $2.7 billion, which, according to the management, will reach $11 billion in annualized revenue.

Millennium Management increased its stake in Oracle Corporation (NYSE:ORCL) by 241% in Q3. The company currently accounts for 0.15% of Israel Englander’s portfolio. Since the start of 2021, the stock is up 43.5%, as of the close of December 20. Recently, Cowen raised its price target on Oracle Corporation (NYSE:ORCL) to $115, while keeping an Outperform rating on the shares.

As of Q3 2021, 56 hedge funds tracked by Insider Monkey reported owning stakes in Oracle Corporation (NYSE:ORCL), up from 55 in the previous quarter. These stakes hold a consolidated value of $3.47 billion.

Saturna Capital mentioned Oracle Corporation (NYSE:ORCL) in its Q3 2021 investor letter. Here is what the firm has to say:

“Technology companies provided the greatest contribution to Fund returns. The contribution was generated over July and August, as each of the companies declined in value in September. Oracle couldn’t buck the September sell-off, but it was more resilient, shedding just over 1%, which likely has much to do with its modest valuation.”