5 Undervalued Wide Moat Stocks To Invest In

In this piece, we will take a look at five undervalued wide moat stocks to invest in. If you want to take a look at what wide moat investing is all about, then check out 12 Undervalued Wide Moat Stocks To Invest In.

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

Average Share Price Target: $363.26

Share Price Upside: 27%

Meta Platforms, Inc. (NASDAQ:META) is a social media and communications firm. After being on a tear this year, the firm’s shares are down 12% in August joining other big tech names as market uncertainty about future interest rate hikes persists due to rising producer prices.

By the end of Q2 2023, 225 out of the 910 hedge funds part of Insider Monkey’s database had invested in Meta Platforms, Inc. (NASDAQ:META). Out of these, the firm’s largest shareholder is Peter Rathjens, Bruce Clarke, and John Campbell’s Arrowstreet Capital due to its $3 billion stake.

4. Amazon.com, Inc. (NASDAQ:AMZN)

Average Share Price Target: $169.91

Share Price Upside: 28%

Amazon.com, Inc. (NASDAQ:AMZN) is another mega cap stock. While its shares haven’t lost any value in August, they are roughly flat over the month. However, analysts have penned in a significant upside with the average share price target being $169.91 and the stock being rated Strong Buy.

Insider Monkey’s second quarter of 2023 survey covering 910 hedge funds revealed that 278 had held a stake in the company. Amazon.com, Inc. (NASDAQ:AMZN)’s biggest hedge fund investor is Ken Fisher’s Fisher Asset Management since it owns 40.6 million shares that are worth $5.3 billion.

3. Zimmer Biomet Holdings, Inc. (NYSE:ZBH)

Average Share Price Target: $150.82

Share Price Upside: 31%

Zimmer Biomet Holdings, Inc. (NYSE:ZBH) makes and sells devices that are used by patients suffering from orthopedic ailments. The firm’s currently shaking up upper management, as its former CEO left the firm to head 3M’s healthcare division that will soon be divested.

As of June 2023, 46 hedge funds out of the 910 polled by Insider Monkey had bought and owned Zimmer Biomet Holdings, Inc. (NYSE:ZBH)’s shares. Steve Cohen’s Point72 Asset Management is the company’s largest stakeholder through its $238 million stake.

2. The Walt Disney Company (NYSE:DIS)

Average Share Price Target: $109.38

Share Price Upside: 31%

Troubled blue chip firm The Walt Disney Company (NYSE:DIS) ranks second on our list as its share price hasn’t done well this year. The stock is down 6.31% year to date as it struggles to keep up the pace in today’s digital environment and faces a strike by actors and writers.

By the end of 2023’s June quarter, 92 hedge funds out of the 910 part of Insider Monkey’s research were the firm’s investors. The Walt Disney Company (NYSE:DIS)’s biggest shareholder among these is Ken Fisher’s Fisher Asset Management courtesy of its $580 million investment.

1. Etsy, Inc. (NASDAQ:ETSY)

Average Share Price Target: $110.07

Share Price Upside: 52%

A consumer discretionary stock, Etsy, Inc. (NASDAQ:ETSY)’s shares are down by 36% year to date as the firm managed to reverse its trend of quarterly analyst EPS estimates only in its latest quarter. It’s also facing criticism from sellers these days for keeping their payments on hold.

38 hedge funds out of the 910 tracked by Insider Monkey had bought and invested in Etsy, Inc. (NASDAQ:ETSY)’s shares as of Q2 2023. Out of these, the firm’s largest hedge fund investor is Brian Bares’ Bares Capital Management since it owns $216 million worth of shares.

Disclosure: None.  You can also take a look at 14 Best Low Risk High Growth Stocks to Buy Now and Buffett Stock Portfolio: Warren Buffett’s Recent Buys.

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