Was Rajiv Jain’s GQG Partners Right About These 5 Stocks?

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

GQG Partners’ Stake Value: $1.9 billion
Performance of the stock over the past 12 months as of November 22: -67%

Rajiv Jain’s GQG Partners reported holding over 5.66 million shares of Meta Platforms, Inc. (NASDAQ:FB) as of Q3 2021.

On October 28, investment advisory Piper Sandler maintained a Neutral rating on Meta Platforms, Inc. (NASDAQ:FB) stock with a $385 price target.

Among the hedge funds being tracked by Insider Monkey, Boykin Curry’s Eagle Capital Management is the leading shareholder of Meta Platforms, Inc. (NASDAQ:FB), with 7.19 million shares worth approximately $2.44 billion.

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.”