5 Best Momentum Stocks To Buy Now

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

Number of Hedge Fund Investors In Q4 2023: 242

Meta Platforms, Inc. (NASDAQ:META) is a social media and connectivity firm headquartered in Menlo Park, California. A leading contender in big tech’s ongoing A.I. race, the shares are rated Strong Buy on average with an average share price target of $496.48.

By the end of last year’s fourth quarter, 242 out of the 933 hedge funds part of Insider Monkey’s database were Meta Platforms, Inc. (NASDAQ:META)’s investors. Rajiv Jain’s GQG Partners owned the biggest stake among these which was worth $3.94 billion.

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