10 Best US Stocks to Buy For Foreign Investors

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

Number of Hedge Fund Holders: 262

Average Upside Potential as of March 30: 32.35%

Mark Zuckerberg’s Meta Platforms, Inc. (NASDAQ:META) is one of the best American stocks to buy. On March 28, Citi reiterated a Buy rating on Meta, with a price target of $780. Citi is bullish on the stock because of the growth in Instagram’s Sponsored Reels,  which drove ad revenue significantly higher on a quarter-over-quarter basis. According to the investment firm, Reels will account for 16% of Meta’s total revenue in 2025, which represents the continuing demand from advertisers.

In the fourth quarter of 2024, daily active people on Meta’s Family of Apps was approximately 3.35 billion, up 5% year-over-year. Ad impressions also increased by 6% on a year-over-year basis. Revenue for Q4 rose 21% from the prior-year quarter to $48.39 billion, and the company made $1.27 billion in dividend payments. For the full year, share repurchases amounted to $29.75 billion. Cash, cash equivalents, and marketable securities stood at $77.81 billion as of December 31, 2024.

On February 13, Meta Platforms, Inc. (NASDAQ:META) declared a $0.525 per share quarterly dividend, a 5% increase from its previous dividend of $0.50. The dividend was paid to shareholders on March 26.

According to Insider Monkey’s database, Meta Platforms, Inc. (NASDAQ:META) was part of 262 hedge fund portfolios at the end of Q4 2024, compared to 235 in the preceding quarter. Rajiv Jain’s GQG Partners is a major company stakeholder, with 9.3 million shares valued at $5.45 billion.