5 Best Guru Stocks To Buy Now

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

Number of Hedge Fund Holders: 242

Guru’s Stake as of March 11: $685,247

Ranked third on our list of the best Guru stocks is Meta Platforms, Inc. (NASDAQ:META). As of March 11, The Global X Guru Index ETF (NYSE:GURU) owns 1,417 shares of Meta Platforms, Inc. (NASDAQ:META) worth $685,247. On February 1, Meta Platforms, Inc. (NASDAQ:META) announced a Q4 GAAP EPS of $5.33 and a revenue of $40.11 billion, beating market estimates by $0.39 and $940 million, respectively.

As per Insider Monkey’s fourth quarter database, 242 hedge funds were bullish on Meta Platforms, Inc. (NASDAQ:META), up from 234 funds in the prior quarter. Rajiv Jain’s GQG Partners held a significant position in the firm, with 11.15 million shares worth $3.95 billion.

SaltLight Capital stated the following regarding Meta Platforms, Inc. (NASDAQ:META) in its fourth quarter 2023 investor letter:

“Meta Platforms, Inc.’s (NASDAQ:META) primary mission is all about capitalising on user engagement and maintaining its network effects. AI is augmenting their objectives in two ways: 1) Improving engagement time per daily active user (AI Job One) 2) Matching ad buyers (advertisers) with ad consumers (AI Job Two)

Improving Engagement Time per Daily Active User Meta is in the business of making sure that when you’re scrolling through your feed or watching videos, you’re glued to the screen as long as possible. Why? Because the longer you watch, the more ads they can slip into your viewing experience (think of digital billboards). But these ‘digital billboards’ are a finite resource – only more engagement time creates them.

And here’s where the magic of ‘AI job one’ comes in – finding that perfect video that keeps you hooked – thereby increasing the time you spend on the platform. It’s a cycle that feeds itself: more engagement means more opportunities to serve ads, which in turn means more revenue…”