Edmond Safra’s EMS Capital’s Top 5 Stocks

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

EMS Capital’s Stake Value: $198,716,000

Percentage of EMS Capital’s 13F Portfolio: 15.57%

Number of Hedge Fund Holders: 266

Meta Platforms, Inc. (NASDAQ:FB) is the top stock pick of Edmond Safra’s EMS Capital, with the investment firm owning 571,500 shares in Meta Platforms, Inc. (NASDAQ:FB), worth $198.71 million, representing 15.57% of EMS Capital’s Q2 portfolio. 

Jerome Pesenti, the vice president of AI at Meta Platforms, Inc. (NASDAQ:FB), on November 2 reported that Meta Platforms, Inc. (NASDAQ:FB) would stop using facial recognition to alert people if they have been tagged in photos.

Meta Platforms, Inc. (NASDAQ:FB) on October 25 reported Q3 earnings. EPS for the quarter came in at $3.22, beating estimates by $0.04. As of 2021, Meta Platforms, Inc. (NASDAQ:FB) has 2.9 billion active monthly users, which represents a 7.18% year-over-year increase. 

As of the second quarter, 266 hedge funds monitored by Insider Monkey were long Meta Platforms, Inc. (NASDAQ:FB), up from 257 in the preceding quarter. 

Here is what Polen Capital has to say about  Meta Platforms, Inc. (NASDAQ:FB) in its Q3 2021 investor letter:

“Facebook’s stock was pressured on concerns about regulation in the quarter. We are constantly monitoring the potential regulatory risks to Facebook (and all of our holdings). At this point, we see very little chance that regulation changes Facebook’s business model in a meaningful and adverse way. Regarding the recent data shared by a former Facebook employee and the company itself on some of the unfortunate negative consequences of social media, we recognize these types of issues will inevitably linger in different forms and fashions well into the future. We have been focused on the ability of Facebook to identify and mitigate these negative consequences while amplifying the value users typically cite for its apps across a long list of use cases. We continuously monitor the vibrance of the user base on Facebook’s apps to confirm that value.”

You can also take a look at Top 10 Stock Picks of Brandon Osten’s Venator Capital Management and Analysts are Increasing Price Targets of Tesla and 9 Other Stocks. 

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