Top 8 Stocks To Buy In 8 Different Sectors for the Next 3 Months

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

Number of Hedge Fund Holders: 235  

Sector: Communication Services  

Meta Platforms, Inc. (NASDAQ:META) is a leading social media and technology company, known for Facebook, Instagram, and WhatsApp. The company’s revenue is primarily driven by digital advertising. However, the company is investing heavily in the metaverse and is focusing on virtual and augmented reality.

On October 30, Meta Platforms, Inc. (NASDAQ:META) announced its financial results for the third quarter ending September 30. The company reported $40.59 billion in revenue, reflecting a 19% year-over-year increase. The company’s operating margin rose to 43%, compared to 40% in the same quarter last year. The focus on user engagement continues to yield significant results, with Family Daily Active People (DAP) across its Family of Apps (FoA) reaching 3.29 billion, marking a 5% year-over-year growth. This success is attributed to AI-driven personalization, which enhances the user experience and fosters greater interaction. Additionally, the average price per ad increased by 11% year-over-year.

The company’s Reality Labs division, dedicated to virtual and augmented reality, reported $270 million in revenue, accounting for a small portion of overall earnings. Although this segment continues to operate at a loss, CEO Mark Zuckerberg underscores its long-term potential to transform how people socialize, work, and transact within virtual environments. Meta Platforms, Inc. (NASDAQ:META) remains committed to significant investments in hardware, software, and content development to advance its vision for the metaverse.