5 Most Profitable Tech Stocks To Invest In

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

Number of Q4 2023 Hedge Fund Shareholders: 242

Latest Trailing 12 Month Net Income: $47.4 billion

Meta Platforms, Inc. (NASDAQ:META) is the holding company for Facebook, Instagram, and WhatsApp. With the season of legal action against big tech firms continuing in 2024, the firm was dealt with a setback in March 2023 when a court ruled that it must face a lawsuit from advertisers that allege Meta Platforms, Inc. (NASDAQ:META) shared incorrect user reach data.

By the end of last year’s fourth quarter, 242 out of the 933 hedge funds covered by Insider Monkey’s research had bought and owned the firm’s shares. The largest Meta Platforms, Inc. (NASDAQ:META) stakeholder among these is Rajiv Jain’s GQG Partners as it owns a $3.9 billion stake.

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