5 Top Rated Blue Chip Stocks Wall Street Analysts Are In Love With: January 2024

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

Number of Hedge Fund Investors In Q3 2023: 80

Average Analyst Share Rating: 1.8

Meta Platforms, Inc. (NASDAQ:META) is the holding company for Facebook, Instagram, and WhatsApp. Its vast amounts of user data and marketing centric business model have placed it in the spotlight in today’s A.I. wage, with Meta Platforms, Inc. (NASDAQ:META) CEO Mark Zuckerberg outlining an ambitious plan to buy hundreds of thousands of the latest A.I. GPUs this year.

After digging through 910 hedge funds for their September quarter of 2023 shareholdings, Insider Monkey found that 234 had bought and owned the firm’s shares. Meta Platforms, Inc. (NASDAQ:META)’s largest hedge fund stakeholder is Peter Rathjens, Bruce Clarke, and John Campbell’s Arrowstreet Capital as it owns $3.4 billion worth of shares.

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