News

Published on 21 Sep 2021 on Insider Monkey via Yahoo Finance

Hedge Funds Have Never Been This Bullish On Alphabet Inc (GOOGL)


Article preview image

Hedge Funds and other institutional investors have just completed filing their 13Fs with the Securities and Exchange Commission, revealing their equity portfolios as of the end of June. At Insider Monkey, we follow nearly 900 active hedge funds and notable investors and by analyzing their 13F filings, we can determine the stocks that they are collectively bullish on. One of their picks is Alphabet Inc (NASDAQ:GOOGL), so let’s take a closer look at the sentiment that surrounds it in the current quarter.

Is Alphabet Inc (NASDAQ:GOOGL) a healthy stock for your portfolio? Hedge funds were getting more bullish. The number of bullish hedge fund positions inched up by 5 recently. Alphabet Inc (NASDAQ:GOOGL) was in 190 hedge funds' portfolios at the end of the second quarter of 2021. The all time high for this statistic was previously 185. This means the bullish number of hedge fund positions in this stock currently sits at its all time high. Our calculations also showed that GOOGL ranked #4 among the 30 most popular stocks among hedge funds (click for Q2 rankings). There were 185 hedge funds in our database with GOOGL holdings at the end of March.

In the financial world there are a large number of tools investors have at their disposal to grade stocks. A pair of the most under-the-radar tools are hedge fund and insider trading indicators. We have shown that, historically, those who follow the top picks of the best fund managers can outperform the broader indices by a solid amount. Insider Monkey's monthly stock picks returned 185.4% since March 2017 and outperformed the S&P 500 ETFs by more than 79 percentage points (see the details here). That's why we believe hedge fund sentiment is a useful indicator that investors should pay attention to.

NASDAQ.GOOGL price evolution
NYSE.TSM price evolution
NASDAQ.GOOG price evolution

Want to become a better investor?

Start tracking your investments with Statfolio

Sign up for free
Related News
Alphabet (GOOGL) Adds Verification Feature in Google Wallet

Alphabet’s GOOGL Google recently added a new “Verification settings” feature in Google Wallet for...

Zacks via Yahoo Finance 27 Mar 2024

Investors Heavily Search Alphabet Inc. (GOOG): Here is What You Need to Know

Alphabet Inc. (GOOG) has recently been on Zacks.com's list of the most searched stocks. Therefore...

Zacks via Yahoo Finance 27 Mar 2024

Alphabet Inc. (GOOG) Stock Drops Despite Market Gains: Important Facts to Note

In the latest market close, Alphabet Inc. (GOOG) reached $147.92, with a -0.38% movement compared...

Zacks via Yahoo Finance 19 Mar 2024

Wall Street Analysts See Upside Potential for 10 Stocks with Rising Price Targets

In this article, we will discuss the 10 stocks whose price targets were recently raised by analys...

Insider Monkey via Yahoo Finance 19 Mar 2024

Alphabet (GOOGL) Aids YouTube Music With Song Search Feature

Alphabet’s GOOGL Google is leaving no stone unturned to capitalize on growth opportunities presen...

Zacks via Yahoo Finance 19 Mar 2024

Alphabet's (GOOGL) Waymo Offers Ride Services in Los Angeles

Alphabet’s GOOGL self-driving unit Waymo has started offering its ride-hailing service, Waymo One...

Zacks via Yahoo Finance 15 Mar 2024

Here is What to Know Beyond Why Alphabet Inc. (GOOG) is a Trending Stock

Alphabet Inc. (GOOG) has been one of the most searched-for stocks on Zacks.com lately. So, you mi...

Zacks via Yahoo Finance 15 Mar 2024

The Zacks Analyst Blog Highlights Alphabet, McDonald's, RTX, The Progressive and Southern Copper.

For Immediate Release Chicago, IL – March 15, 2024 – Zacks.com announces the list of stocks featu...

Zacks via Yahoo Finance 15 Mar 2024

Alphabet Inc. (GOOG) Advances While Market Declines: Some Information for Investors

The most recent trading session ended with Alphabet Inc. (GOOG) standing at $138.94, reflecting a...

Zacks via Yahoo Finance 11 Mar 2024

Jim Cramer Does Not Like These 10 Stocks

In this article, we will take a detailed look at Jim Cramer Does Not Like These 10 Stocks. For a ...

Insider Monkey via Yahoo Finance 11 Mar 2024