JPMorgan’s Top 5 Stock Picks for 2023

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

Year to Date Share Price Growth as of February 8, 2023: 50.72%

Number of Hedge Fund Holders In Q3 2022: 177

Meta Platforms, Inc. (NASDAQ:META) is one of the world’s largest social media companies. The firm owns Facebook, Instagram, and WhatsApp, and is based in Menlo Park, California.

Meta Platforms, Inc. (NASDAQ:META) has been the darling of investors lately, as its chief Mark Zuckerberg shifted gears in February 2023 and announced that the firm will now focus on cost efficiency as opposed to pumping billions into projects. By the end of 2022’s third quarter, 177 of the 920 hedge funds part of Insider Monkey’s survey had invested in the company.

Meta Platforms, Inc. (NASDAQ:META)’s largest investor is Ken Fisher’s Fisher Asset Management which owns 11.8 million shares that are worth $1.6 billion.

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