Starter Stock Portfolio: 5 Large-cap Stocks To Buy

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1. Facebook, Inc. (NASDAQ:FB)

Number of Hedge Fund Holders: 266

Facebook, Inc. (NASDAQ:FB) is a pioneer in social media services and mobile computing as the company’s daily active users have reached 1.9 billion in 2021, a 6.89% increase from the same period last year. According to Goldman Sachs, this popularity is to remain intact in the coming years as well. Facebook, Inc. (NASDAQ:FB) tops our list of the best large-cap stocks to buy.

As of Q2 2021, 266 hedge funds tracked by Insider Monkey reported having positions in the company, valued at $42.3 billion. The hedge fund sentiment remained positive for Facebook, Inc. (NASDAQ:FB) in Q2 as, in the previous quarter, 257 hedge funds had stakes in the company.

First Eagle Investment Management mentioned Facebook, Inc. (NASDAQ:FB) in its second-quarter investor letter. Here is what the firm has to say:

“Leading contributors in the First Eagle Global Fund this quarter included Facebook, Inc. Class A. Facebook has continued to post impressive results for both revenue and active users of its traditional platforms. In the meantime, the social media giant continues to make progress on new initiatives—like Facebook Horizon (virtual reality) and Facebook Shops (e-commerce)—and maintains attractive monetization optionality around services like Messenger and WhatsApp.”

You can also take a look at 10 Best Large-cap Stocks To Buy Now and 12 Best Large-cap Biotech Stocks To Buy Now

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