5 Metaverse Stocks to Invest In

1. Microsoft Corporation (NASDAQ:MSFT)

Number of Hedge Fund Holders: 253

Microsoft Corporation (NASDAQ:MSFT) is one of the largest software companies in the world. It has gained popularity due to its Windows operating system which remains the dominating product globally in its category. It is also building the Mesh platform, which is intended to be a multiverse based around the software company’s Teams and other applications. Microsoft Corporation (NASDAQ:MSFT) also sells the HoloLens VR headset, which will be used to access the metaverse.

As its first fiscal quarter ended, Microsoft Corporation (NASDAQ:MSFT) reported $45 billion in revenue and $2.27 in non-GAAP EPS, beating analyst estimates for both. Wells Fargo set a $400 price target for the company in November 2021, sharing that Microsoft Corporation (NASDAQ:MSFT)’s Azure cloud computing platform and other growth areas spell for a positive future.

Microsoft Corporation (NASDAQ:MSFT)’s largest investor is Ken Fisher’s Fisher Asset Management who owns 25 million shares worth $7 billion. Insider Monkey’s Q3 2021 survey of 867 hedge funds revealed that 253 owed the company’s shares.

Microsoft Corporation (NASDAQ:MSFT)’s market capitalization stood at $2.5 trillion on December 23rd, 2021.

Polen Capital mentioned Microsoft Corporation (NASDAQ:MSFT) in its Q3 2021 investor letter. It stated that:

“After modest Portfolio activity during the second quarter of 2021, activity increased during the third quarter. We would broadly characterize the various trades into two objectives: 1) managing risk, and 2) managing valuation. In both cases, we aimed to maintain the Portfolio’s growth profile. In aggregate, we believe we were able to increase expected earnings growth while reducing risk and the overall portfolio valuation… We also trimmed Microsoft, which had grown to nearly 10% of the Portfolio. At an 8% weighting, it still represents one of our largest positions.”

Disclosure: None. You can also take a peek at the Top Investors’ Stock Portfolio: 10 Mid-cap Stocks To Buy and Top Tech Stock Picks of Amir Mokari’s Emerson Point Capital.

Follow Insider Monkey on Twitter