5 Best Innovative Stocks to Buy Now

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

Number of Hedge Fund Investors During Q3 2023: 234

Meta Platforms, Inc. (NASDAQ:META) is an American company that owns and operates Facebook, WhatsApp, and Instagram. Stifel analysts were out with some great news for its investors in 2024, as they upgraded their annual digital advertising revenue estimates to 8% from an earlier 7.2% in January 2024.

During last year’s third quarter, 180 out of the 910 hedge funds covered by Insider Monkey’s research were Meta Platforms, Inc. (NASDAQ:META)’s investors. Peter Rathjens, Bruce Clarke, and John Campbell’s Arrowstreet Capital was the biggest stakeholder among these, owning 11.6 million shares that are worth $3.4 billion.

Follow Meta Platforms Inc. (NASDAQ:META)