5 Best 52-Week Low Large Cap Stocks To Buy Now

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

YTD return as of December 30, 2022: -64.48%

Number of Hedge Fund Holders: 177

Headquartered in Menlo Park, California, Meta Platforms, Inc. (NASDAQ:META) is a global technology company that provides a range of social media and online communication services. Meta Platforms, Inc. (NASDAQ:META) is known for its eponymous social media platform, which is one of the largest and most popular in the world. The platform allows users to connect with friends and family, share content, and join online communities. The company also owns and operates a range of other social media and online communication platforms, including Instagram, WhatsApp, and Oculus VR.

On November 2, 2022, Ivan Feinseth, an analyst at Tigress Financial, reduced his price target on Meta Platforms, Inc. (NASDAQ:META) to $260 while keeping a Strong Buy rating on the stock. According to the analyst, the recent drop in price is a significant buying opportunity since the total number of daily and monthly active users continues to increase.

As per Insider Monkey’s database, 177 hedge funds remained bullish on Meta Platforms, Inc. (NASDAQ:META) at the end of Q3 2022. Fisher Asset Management came out to be the biggest holder of the company’s shares at the end of the quarter.