5 Cheapest Stocks on Robinhood

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

Number of Hedge Fund Holders: 184

Meta Platforms, Inc. (NASDAQ:META) is a cheap stock given its forward P/E of 12.4. Recently, Meta Platforms, Inc. (NASDAQ:META) announced layoffs of 11,000 employees in addition to extending its hiring freeze into the first quarter. If the company can keep its user base and grow earnings like the market expects, Meta Platforms, Inc. (NASDAQ:META) has long term upside potential.