In this article, we discuss the top 5 stocks to buy according to legendary value investor Joel Greenblatt. If you want our detailed analysis of Greenblatt’s history, investment philosophy, and hedge fund performance, go directly to the Top 10 Stocks to Buy According to Legendary Value Investor Joel Greenblatt.
5. Alphabet Inc. (NASDAQ:GOOG)
Gotham Asset Management’s Stake Value: $41,667,000
Percentage of Gotham Asset Management’s 13F Portfolio: 1.68%
Number of Hedge Fund Holders: 156
Legendary value investor Joel Greenblatt increased his stake in Alphabet Inc. (NASDAQ:GOOG) by 8% in the Q3 2021, holding 15,585 shares worth $41.6 million. Alphabet Inc. (NASDAQ:GOOG) stock represents 1.68% of the total Q3 investments of Joel Greenblatt.
Tigress Financial analyst Ivan Feinseth on December 3 raised the price target on Alphabet Inc. (NASDAQ:GOOG) to $3,540 from $3,185 and reiterated a Strong Buy rating on the shares. The analyst observed that Alphabet Inc. (NASDAQ:GOOG)’s increasing artificial intelligence focus is driving greater product functionality and presents “significant” growth opportunities, in addition to “enabling the development of more helpful products”.
Of the 156 hedge funds that were long Alphabet Inc. (NASDAQ:GOOG) at the end of September, Chris Hohn’s TCI Fund Management is the largest stakeholder of the company, holding a $7.86 billion position in Alphabet Inc. (NASDAQ:GOOG).
Here is what Saturna Capital Amana Funds has to say about Alphabet Inc. (NASDAQ:GOOG) in its Q3 2021 investor letter:
“Alphabet was a new addition to the Fund this year, as we believed it important to have exposure to the top online media and advertising company in the world. Some have raised concerns surrounding Alphabet’s exposure to political interference, but we take comfort from the belief that were the company to be broken up, it would quite likely be worth even more than as a single entity.”