5 Best ESG Stocks to Invest In

4. Meta Platforms, Inc. (NASDAQ:META)

Number of Hedge Fund Holders: 184

% of Vanguard ESG U.S. Stock ETF Holdings: 1.17%

With over 2.5 billion monthly active users, Meta Platforms, Inc. (NASDAQ:META) is the world’s largest online social network. Users interact in many ways, trading messages and sharing news events, images, and videos.

Meta Platforms, Inc. (NASDAQ:META) reported Q2-2022 revenue of $28.8 billion, down 1% year-over. Foreign exchange trends had a significant impact in Q2, in particular, the depreciation of the euro relative to the dollar.

Here is what Alger Capital specifically said about Meta Platforms, Inc. (NASDAQ:META) in their recent investor letter:

“Meta’s share performance responded favourably, however, to first quarter results that, while not strong fundamentally, were positive against extremely low expectations among some investors… In a market environment that is rewarding companies with relatively high current earnings, we believe Meta’s spending discipline resonated with investors.”

This stock was held by 184 hedge fund holders in our database at the end Q2-2022 and is therefore included in our list of 10 Best ESG Stocks to Invest In.