5 Best Augmented Reality Stocks to Invest In

2. Meta Platforms, Inc. (NASDAQ:FB)

Number of Hedge Fund Holders: 224

Meta Platforms, Inc. (NASDAQ:FB) is one of the most active companies working on building AR and VR experiences to support its goals of making the metaverse a reality. The company is pouring billions of dollars into AR and VR companies to develop its stronghold in the space and revealed that it has already invested $10 billion in building the metaverse. The company is working on two pairs of AR smart glasses that would operate without smartphones and plans on releasing them by 2024.

On April 5, 2022, UBS analyst Lloyd Walmsley raised his price target on Meta Platforms, Inc. (NASDAQ:FB) to $300 from $280 and reiterated a Buy rating on the shares.

By the end of Q4 2021, Insider Monkey had spotted Meta Platforms, Inc. (NASDAQ:FB) on 224 investment portfolios. The total stakes of those 224 hedge funds were valued at $31.8 billion. Fisher Asset Management is the most prominent shareholder in Meta Platforms, Inc. (NASDAQ:FB) as of December 31, 2021. The fund upped its Q3 2021 stakes by 27%, bringing its Q4 2021 stakes to $3.22 billion.

Boyar Value Group published its fourth-quarter 2021 investor letter in which the firm shared its thoughts on investing in Meta Platforms, Inc. (NASDAQ:FB). Here is what Boyar Value said:

“Corporate executives can have many different reasons for selling shares (anticipation of tax law changes, philanthropy, diversification, and much more), but the sheer number of billionaire founders who sold shares in 2021 should raise eyebrows and might well be signaling a market top. Bloomberg’s Ben Steverman and Scott Carpenter report not only that Mark Zuckerberg of Meta Platforms Inc. (formerly known as Facebook) sold shares in his company almost every day last year but also that the founders of Google sold ~$3.5 billion worth of stock (the first time either Sergey Brin or Larry Page has sold shares since 2017).”