Was Alexander West’s Blue Pool Capital Right About These 5 Stocks?

4. Alphabet Inc. (NASDAQ:GOOG)

Blue Pool Capital’s Stake Value: $41,371,000

Stock performance over the past 12 months through November 25: -31%

Alphabet Inc. (NASDAQ:GOOG) is one of the top stocks in the third quarter portfolio of Blue Pool Capital, with the hedge fund owning 15,522 shares of the company, worth $41.3 million, representing 2.97% of the total 13F investments. 

Tigress Financial analyst Ivan Feinseth raised the price target on Alphabet Inc. (NASDAQ:GOOG) to $3,540 from $3,185 and reiterated a Strong Buy rating on the shares on December 3. The analyst stated that Alphabet Inc. (NASDAQ:GOOG)’s increasing artificial intelligence-first focus is driving greater product functionality and “significant” growth opportunities.

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.”