Obama Stock Portfolio: 5 Stocks to Consider

4. Alphabet Inc. (NASDAQ:GOOGL)

Number of Hedge Fund Holders: 190  

Alphabet Inc. (NASDAQ:GOOGL) provides online advertising services. It is headquartered in California. The company is one of the biggest diversified technology firms in the world. GOOGL is the Class A stock of the firm. The company recently revealed new flagship Pixel smartphones with new silicon chips, aiming to rival competitors like Apple in the phone business. 

On September 13, investment advisory Goldman Sachs initiated coverage of Alphabet Inc. (NASDAQ:GOOGL) stock with a Buy rating and a price target of $3,350, highlighting that the internet market segment still provided firms with opportunities for strong growth. 

At the end of the second quarter of 2021, 190 hedge funds in the database of Insider Monkey held stakes worth $26 billion in Alphabet Inc. (NASDAQ:GOOGL), up from 185 in the preceding quarter worth $24 billion.