5 Best Stocks To Buy According to Billionaires

4. Meta Platforms Inc (NASDAQ:META)

Number of Billionaire Investors: 32

Piper Sandler recently ranked the Magnificent Seven group of stocks using its Macro Select model. Meta Platforms Inc (NASDAQ:META) stood at the second position in the ranking. Here’s what Piper Sandler said about its ranking model:

“The Macro Select model is our dynamic long model. The model screens for stocks with the factor traits we believe are most important for the prevailing backdrop: FCF Yield, EPS Growth, EPS Revisions, CF ROE.”

A total of 32 billionaires in Insider Monkey’s database of billionaires had stakes in Meta Platforms Inc (NASDAQ:META).

Fundsmith Equity Fund stated the following regarding Meta Platforms, Inc. (NASDAQ:META) in its 2023 investor letter:

“Meta Platforms, Inc.’s (NASDAQ:META) (formerly Facebook) performance makes me wonder whether I should have a fund which invests solely in the one stock in our portfolio each year for which we have received the most critical comments. Meta makes its third appearance in this list of top contributors while Microsoft appears for the eighth time having attracted strident criticism when we started buying at about $25 a share in 2011 (2023 year end price $376).”