Was Rajiv Jain’s GQG Partners Right About These 5 Tech Stocks?

2. Alphabet Inc. (NASDAQ:GOOG)

GQG Partners’ Stake Value: $2,980,273,000

Performance of the stock over the past 12 months: -32%

GQG Partners owns 1.11 million Alphabet Inc. (NASDAQ:GOOG) shares as of September 2021, worth $2.98 billion, representing 8.15% of the firm’s 13F portfolio. 

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, as the company’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.”