5 Best Major Stocks to Buy Right Now

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

Number of Q4 2023 Hedge Fund Shareholders: 242

Meta Platforms, Inc. (NASDAQ:META) is a social media and communications company headquartered in Menlo Park, California. 2024 has been a great year for the firm as the stock is up by 35% year to date on the back of strong A.I. announcements and a surprise 50 cent dividend.

For their December quarter of 2023 shareholdings, 242 out of the 933 hedge funds tracked by Insider Monkey were the firm’s shareholders. Meta Platforms, Inc. (NASDAQ:META)’s largest investor in our database is Peter Rathjens, Bruce Clarke, and John Campbell’s Arrowstreet Capital due to its $3.9 billion stake.

Follow Meta Platforms Inc. (NASDAQ:META)