5 Best Stocks To Invest In Right Now According to Hedge Funds

2. Facebook, Inc. (NASDAQ:FB)

Number of Hedge Fund Holders: 266

Based in Menlo Park, California, Facebook, Inc. (NASDAQ:FB) is a multinational social networking services company. The tech titan has a market capitalization of $958.58 billion and ranks second on our list of the 15 best stocks to invest in right now.

According to our database, 266 hedge funds held stakes worth $42 billion in Facebook, Inc. (NASDAQ:FB), up from 257 hedge funds in the previous quarter with stakes worth more than $40.9 billion. Boykin Curry’s Eagle Capital Management is among the most notable stakeholders in Facebook, Inc. (NASDAQ:FB)

On October 7, JPMorgan analyst Doug Anmuth maintained an Overweight rating on Facebook, Inc. (NASDAQ:FB) alongside a $450 price target on the company’s shares.

First Eagle Investment Management, an investment management firm, in its Q2 2021 investor letter, mentioned Facebook, Inc. (NASDAQ:FB). Here is what the fund said:

“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.”