5 Best Investments for Beginners in 2024

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

Number of Hedge Fund Holders: 242

Quarterly Revenue Growth: 27.26%

Headquartered in the United States, Meta Platforms, Inc. (NASDAQ:META) is a prominent multinational technology company renowned for its social networking services and advertising solutions, which encompass platforms like Facebook, Instagram, Threads, and WhatsApp.

On April 9, TD Cowen analyst John Blackledge reiterated a Buy rating on Meta Platforms, Inc. (NASDAQ:META) and raised its price target by $90 to $590. Additionally, TD Cowen increased the company’s revenue estimates for the first quarter of 2024 and the years 2024-2029 by 1%-4% annually.

In Insider Monkey’s analysis of 933 hedge fund holdings for the fourth quarter of 2023, 242 had invested in Meta Platforms, Inc. (NASDAQ:META). Notably, Rajiv Jain’s GQG Partners held the largest stake, valued at $3.9 billion.