Top 5 Stock Picks of Claar Advisors

2. Alphabet Inc. (NASDAQ:GOOG)

Claar Advisors LLC’s Stake Value: $24.7 million
Percentage of Claar Advisors LLC’s 13F Portfolio: 9.69%
No. of Hedge Fund Holders: 153

Alphabet Inc. (NASDAQ:GOOG) is a collection of businesses — the largest of which is Google. The company reports these businesses as 2 segments: Google Services and Google Cloud.

In Q2 2022, the company saw revenues of $69.7 billion, exhibiting 13% growth year-over-year. This was mainly due to higher Google Services segment revenues and improvement in Google Cloud segment revenues.

Analysts at Bank of America covered Alphabet Inc. (NASDAQ:GOOG) and reduced their price target on the shares of the company from $132.00 to $125.00. They have given a “Buy” rating on the stock on 27^th July.

The company’s SVP Prabhakar Raghavan sold 1,109 shares in a transaction on 1^st July. This was done at an average price of $2,166.74, for a total consideration of $2,402,914.66. Post this sale, the senior vice president now owns 1,608 shares in Alphabet Inc. (NASDAQ:GOOG), valued at around $3,484,117.92.

Among the hedge funds tracked by Insider Monkey, 153 funds were long Alphabet Inc. (NASDAQ:GOOG) in the second quarter of 2022, down from 160 hedge funds in the preceding quarter.

Investment management company, Arch Capital, specifically mentioned Alphabet Inc. (NASDAQ:GOOG) in its second quarter 2022 investor letter. Here is what the fund said:

“In May we decided to buy Alphabet Inc. (NASDAQ:GOOG) (parent company of Google, YouTube, and Android). Our thesis was simple. Alphabet has billions of locked-in users around the globe with businesses like Search, Maps, and YouTube that should grow in-line or faster than worldwide GDP. With all the cash these businesses generate, management is able to reinvest in Google Cloud, Other Bets projects like Waymo, and return cash to shareholders via share repurchases. At an enterprise value-to-free cash flow (EV/FCF) of around 20 at the time of our purchase, we believe this sets up shareholders for low risk 15%+ returns over the next five years.”