Brad Gerstner is Talking About These 5 Stocks

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

Number of Hedge Fund Holders: 224   

Meta Platforms, Inc. (NASDAQ:FB) is a metaverse firm that owns and runs social media platforms. Gerstner owns a large stake in the company consisting of over 2.3 million shares worth $790 million. Discussing the firm during his interview on CNBC, Gerstner backed the company to bounce back from present woes, highlighting that the firm, despite concerns around privacy and growth, had generated more than $25 billion in free cash flow and brought back $9 billion worth of stock this year, attesting to the solid growth trajectory of the stock. 

On April 28, Oppenheimer analyst Jason Helfstein kept an Outperform rating on Meta Platforms, Inc. (NASDAQ:FB) stock with a price target of $305, underlining that the revenue estimates for the second quarter by the firm were in line with market estimates given the situation in Europe. 

At the end of the fourth quarter of 2021, 224 hedge funds in the database of Insider Monkey held stakes worth $31.8 billion in Meta Platforms, Inc. (NASDAQ:FB), compared to 248 in the preceding quarter worth $38.5 billion. 

In its Q4 2021 investor letter, Boyar Value Group, an asset management firm, highlighted a few stocks and Meta Platforms, Inc. (NASDAQ:FB) was one of them. Here is what the fund said:

“Corporate executives can have many different reasons for selling shares (anticipation of tax law changes, philanthropy, diversification, and much more), but the sheer number of billionaire founders who sold shares in 2021 should raise eyebrows and might well be signaling a market top. Bloomberg’s Ben Steverman and Scott Carpenter report not only that Mark Zuckerberg of Meta Platforms, Inc. (NASDAQ:FB) (formerly known as Facebook) sold shares in his company almost every day last year but also that the founders of Google sold ~$3.5 billion worth of stock (the first time either Sergey Brin or Larry Page has sold shares since 2017).”