Jim Cramer’s Latest Predictions and 5 Stock Recommendations

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

Number of Hedge Fund Holders: 200    

Meta Platforms, Inc. (NASDAQ:META) is a tech firm that owns and runs social media platforms.  Cramer was bullish on the stock when asked about his views on the company during the Lightning Round of his show on June 15. Cramer said that he believes Meta was “the best metaverse stock” to invest in and that he thought that the company was going to be a “winner” in the space in the coming years. 

On July 7, Tigress Financial analyst Ivan Feinseth maintained a Buy rating on Meta Platforms, Inc. (NASDAQ:META) stock with a price target of $466, noting that subscriber and revenue growth for the firm was driving a strong recovery in the shares. 

At the end of the first quarter of 2022, 200 hedge funds in the database of Insider Monkey held stakes worth $19 billion in Meta Platforms, Inc. (NASDAQ:META), compared to 224 in the preceding quarter worth $31 billion. 

In its Q4 2021 investor letter, Boyar Value Group, an asset management firm, highlighted a few stocks and Meta Platforms, Inc. (NASDAQ:META) was one of them. Here is what the fund said:

“Corporate executives can have many different reasons for selling shares (anticipation of tax law changes, philanthropy, diversification, and much more), but the sheer number of billionaire founders who sold shares in 2021 should raise eyebrows and might well be signaling a market top. Bloomberg’s Ben Steverman and Scott Carpenter report not only that Mark Zuckerberg of Meta Platforms, Inc. (NASDAQ:META) (formerly known as Facebook) sold shares in his company almost every day last year but also that the founders of Google sold ~$3.5 billion worth of stock (the first time either Sergey Brin or Larry Page has sold shares since 2017).”

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