Starter Stock Portfolio: 5 Large-cap Stocks To Buy

3. Alphabet Inc. (NASDAQ:GOOG)

Number of Hedge Fund Holders: 155

Alphabet Inc. (NASDAQ:GOOG) is considered the global leader in digital advertising and makes up 92% of the global search engine market. The company has reported its revenue growth at a CAGR of 20% in over 10 years. Alphabet Inc. (NASDAQ:GOOG) remains one of the best large-cap stocks to buy.

Recently, JPMorgan listed Alphabet Inc. (NASDAQ:GOOG) as the most liked mega-cap internet company, and lifted its price target on the stock to $3,250, while keeping an Overweight rating on the shares.

As of Q2 2021, 155 hedge funds tracked by Insider Monkey have positions in Alphabet Inc. (NASDAQ:GOOG), compared with 159 in the previous quarter. The total value of these stakes is $$33.7 billion.

Mawer Investment Management mentioned Alphabet Inc. (NASDAQ:GOOG) in its second-quarter 2021 investor letter. Here is what the firm has to say:

“Many higher growth companies reported strong results amid the pick-up in broad economic activity including Alphabet. These higher growth companies tend to have increased sensitivity to a change in discount rates and were supported as long-term interest rates stabilized over the period.”