In this article, we discuss 5 tech stocks to buy according to billionaire David Harding. If you want our detailed analysis of these stocks, go directly to 10 Tech Stocks to Buy According to Billionaire David Harding.
5. Meta Platforms, Inc. (NASDAQ:FB)
Winton Capital Management’s Stake Value: $7,845,000
Percentage of Winton Capital Management’s 13F Portfolio: 0.43%
Number of Hedge Fund Holders: 248
Mark Zuckerberg’s Meta Platforms, Inc. (NASDAQ:FB) is one of the best tech stocks to buy according to David Harding, with the billionaire elevating his stake in the tech giant by 24% in the third quarter. Winton Capital Management owns 23,115 Meta Platforms, Inc. (NASDAQ:FB) shares as of Q3 2021, worth $7.8 million, accounting for 0.43% of the firm’s total 13F securities.
On October 25, Meta Platforms, Inc. (NASDAQ:FB) announced earnings for the third quarter, posting an EPS of $3.22, exceeding estimates by $0.04. Meta Platforms, Inc. (NASDAQ:FB)is planning on integrating blockchain and cryptocurrency technologies into its platforms in the near future.
Loop Capital analyst Alan Gould on December 20 lowered the price target on Meta Platforms, Inc. (NASDAQ:FB) to $380 from $420 but kept a Buy rating on the shares.
Among the hedge funds being tracked by Insider Monkey, 248 funds were long Meta Platforms, Inc. (NASDAQ:FB), down from 266 funds in the prior quarter. One of the biggest Meta Platforms, Inc. (NASDAQ:FB) stakeholders is Eagle Capital Management, with 7.1 million shares worth $2.4 billion.
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)