In this article, we discuss the 5 best stocks to buy according to Terry Smith’s Fundsmith LLP. If you want our detailed analysis of these stocks, go directly to 10 Best Stocks To Buy According To Terry Smith’s Fundsmith LLP.
5. Meta Platforms, Inc. (NASDAQ:FB)
Fundsmith LLP’s Stake Value: $2,185,718,000
Percentage of Fundsmith LLP’s 13F Portfolio: 6.04%
Number of Hedge Fund Holders: 248
Meta Platforms, Inc. (NASDAQ:FB) is aiming for “deep compatibility” with blockchain and cryptocurrency, and the company is looking for early adoption of these technologies as they are an essential part in building the metaverse. Heading into 2022, Meta Platforms, Inc. (NASDAQ:FB) is a top internet stock pick at major investment advisory firms like Baird, Crespi, Evercore ISI, and JPMorgan.
Smith’s Fundsmith LLP is one of the leading Meta Platforms, Inc. (NASDAQ:FB) stakeholders, with a $2.18 billion position in the company during the third quarter of 2021, representing 6.04% of the firm’s investments for the period. Meta Platforms, Inc. (NASDAQ:FB) reported on October 25 its Q3 results, posting an EPS of $3.22, exceeding estimates by $0.04.
Loop Capital analyst Alan Gould on December 3 lowered the price target on Meta Platforms, Inc. (NASDAQ:FB) to $380 from $420 but kept a Buy rating on the shares, citing the company’s excessive expenditure on the metaverse, which is reported to exceed $10 billion and might be a cause of concern for some investors.
Among the hedge funds tracked by Insider Monkey as of September 2021, 248 funds were long Meta Platforms, Inc. (NASDAQ:FB), down from 266 funds in the prior quarter.
Here is what Canterbury Tollgate has to say about Meta Platforms, Inc. (NASDAQ:FB) in its Q3 2021 investor letter:
“To say traditional media is anti-Facebook would not be an overstatement. An already intense and multi-year critique of (or attack on) Facebook has ratcheted up in recent weeks. Facebook’s research efforts have been reported on, if often derided, for nearly a decade. Going back to 2014, Slate.com called their research practices “unethical” when FB tried to study the impact social posts had on users. Now those efforts have been turned against them for the kill shot.
My job is to observe, assess, and allocate. Not to commentate on all the whims and wishes of media narrative. However, in the case of Facebook I cannot avoid going into some detail re: the onslaught against them, which I find to be most unwarranted and insincere.
Last month the Wall Street Journal ran a five-piece series titled “The Facebook Files” which allegedly shows how toxic Instagram is for teens. The foundation of their argument was a single slide from an internal presentation claiming, based on FB’s own research, that of teens who had a negative self-image, one-third said Instagram “made them feel worse.”iii Somehow the implication here is that this is not an inescapable aspect of either the human psyche and/or society-at large, but that it is of Facebook’s doing…” (Click here to see the full text)
