Billionaire Warren Buffett is many things- one of the world’s the most successful fund managers, legendary philanthropist and owner of over 60 companies. Now the “Oracle of Omaha” as he is known, has become the face of Cherry Coca Cola in China. The fund manager enjoys cult status in China where he is admired for his impressive business skills and money-making ability.
In fact, Buffett is a director of Coca Cola (KO) in which he has an $8.3 billion holding. However, the market is currently more dubious on the soft drink company which has a hold analyst consensus rating and 2% upside potential.
So which stocks are more popular with top fund managers and the market?
We found these three hot stocks:
Visa (V) this global payments giant ticks all boxes. The stock has a strong buy analyst consensus rating with a price target of close to $99- an 11% upside from its current price. On the hedge fund front we can see that hedge funds increased holdings by 4.5 million shares in the last quarter.
Lone Pine Capital’s Steve Mandel increased his holding by 180% to $511 million, and since the last filing date prices are already up by 14%.
Delphi Automotive (DLPH): as the autonomous car market heats up, it is not surprising that hedge funds are very bullish on this global supplier of automotive technologies. In the last quarter hedge funds increased their holdings in the stock by 2.5 million shares with hedge fund guru David Blood taking the plunge with a new position worth $218 million. The stock has only buy ratings from analyst and a 19% upside potential from its current share price.
Alphabet (GOOGL) with a strong buy analyst consensus rating Google-parent Alphabet shows no signs of slowing down, even following the recent YouTube ad scandal (advertisers pulled ads after they appeared next to hateful videos). Indeed, the average analyst price target of $989 is a 16% upside from the current stock price. On the hedge fund front we can see that funds increased holdings by 1 million shares in the last quarter with Theofanis Kolokotrones having one of the biggest holdings of the stock at $1.93 billion.
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