5 Best Stocks To Buy For The Rest of 2021

2. Facebook, Inc. (NASDAQ:FB)

Number of Hedge Fund Holders: 266

Facebook, Inc. (NASDAQ:FB), now Meta Platforms, remains one of the most notable long-term stocks to buy on the back of several growth catalysts.

Recently, Facebook, Inc. (NASDAQ:FB) introduced a virtual reality service, called Horizon Workrooms and is used through Facebook’s Oculus VR headset. With the rise in virtual reality, Facebook, Inc. (NASDAQ:FB) remains one of the best stocks to buy for the rest of 2021.

Recently, RBC Capital initiated its coverage on Facebook, Inc. (NASDAQ:FB) with an ‘Outperform’ rating and a $425 price target. Since the beginning of the year, Facebook, Inc. (NASDAQ:FB) delivered a 25% return to shareholders.

As of Q2 2021, 266 hedge funds tracked by Insider Monkey have positions in Facebook, Inc. (NASDAQ:FB), valued at $42.3 billion. In the previous quarter, the number of hedge funds having stakes in the company stood at 257. 

First Eagle Investment Management mentioned Facebook, Inc. (NASDAQ:FB) in its second-quarter 2021 investor letter. Here is what the firm has to say: 

“Leading contributors in the First Eagle Global Fund this quarter included Facebook, Inc. Class A. Facebook has continued to post impressive results for both revenue and active users of its traditional platforms. In the meantime, the social media giant continues to make progress on new initiatives—like Facebook Horizon (virtual reality) and Facebook Shops (e-commerce)—and maintains attractive monetization optionality around services like Messenger and WhatsApp.”