5 Best Debt Free Stocks to Buy

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

Number of Hedge Fund Holders: 194

Meta Platforms, Inc. (NASDAQ:META) is a big tech company with a fortress balance sheet with no net debt. In fact, the social media giant repurchased $27.93 billion of its stock for full year 2022, ranking the company among the biggest stock repurchasers in the world for last year. While Meta Platforms, Inc. (NASDAQ:META) issues shares for stock based compensation, the company’s buybacks could help the stock in the long term if they exceed the number of new shares issued and the company’s earnings rise. In the long term, Meta Platforms, Inc. (NASDAQ:META) could benefit from the growth in the metaverse if it is a success.

194 hedge funds in our database owned shares of Meta Platforms, Inc. (NASDAQ:META) at the end of Q4, ranking the stock #2 on our list of 11 Best Debt Free Stocks to Buy.