5 Best Blue Chip Stocks With Strong Balance Sheets

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

Number of Hedge Fund Holders: 184

In August 2022, Meta Platforms, Inc. (NASDAQ:META) raised $10 billion with its first ever bond offering and shortly after received an “A1” rating from Moody’s. The ratings agency explained its rating for Meta Platforms, Inc. (NASDAQ:META),

Meta’s credit profile incorporates its strong mobile reach, highly desirable demographic profile and engaging apps, which contribute to its pivotal position in the extremely competitive and growing digital advertising market. Meta is supported by its very strong financial profile and financial flexibility, including over $119 billion in revenues and over $54 billion in EBITDA (with Moody’s adjustments) for the twelve months ended 3/31/22. It has robust profit margins and free cash flow generation, notwithstanding the current cyclical economic challenge for advertising.

184 hedge funds in our database owned shares of Meta Platforms, Inc. (NASDAQ:META) at the end of Q2 2022.