5 Best Metaverse Stocks To Buy Right Now

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

Number of Hedge Fund Holders: 234

Meta Platforms, Inc. (NASDAQ:META) is one of the top metaverse stocks to monitor. Meta envisions the metaverse as the next evolution of the internet, a shared digital space where users can interact with each other, digital objects, and the environment in real-time. It is one of the best metaverse stocks to invest in. 

On February 1, Meta Platforms, Inc. (NASDAQ:META) reported a Q4 GAAP EPS of $5.33 and a revenue of $40.11 billion, outperforming Wall Street estimates by $0.39 and $940 million, respectively. Meta Platforms’ is scheduled to pay a $0.50 per share on March 26, to stockholders of record as of February 22. This is the tech giant’s first quarterly dividend. 

According to Insider Monkey’s third quarter database, 234 hedge funds were bullish on Meta Platforms, Inc. (NASDAQ:META), compared to 225 funds in the prior quarter.

The FPA Crescent Fund stated the following regarding Meta Platforms, Inc. (NASDAQ:META) in its fourth quarter 2023 investor letter:

“Meta Platforms, Inc. (NASDAQ:META) saw a welcome recovery in engagement and revenue year-to-date following a tough 2022. The company has continued to offer new solutions that allow advertisers to target customers effectively and efficiently via one of the world’s leading digital platforms. Moreover, operating profits are rising due to an organization-wide focus on improving productivity and accelerating the time to market for new products. However, overall profitability continues to be weighed down by losses in the Reality Labs segment. But, there is a positive optionality that Meta will emerge from the AI arms race as one of the leading players in the industry.”