Part of the weekly research here at The Acquirer’s Multiple features some of the top picks from our Stock Screeners and some top investors who are holding these same picks in their portfolios. Investors such as Warren Buffett, Joel Greenblatt, Carl Icahn, Jim Simons, Prem Watsa, Jeremy Grantham, Seth Klarman, Ray Dalio, and Howard Marks. The top investor data is provided from their latest 13F’s. This week we’ll take a look at:
Meta Platforms Inc (META)
Meta is the world’s largest online social network, with over 3.6 billion monthly active users. Users engage with each other in different ways, exchanging messages and sharing news events, photos, and videos. On the video side, the firm is in the process of building a library of premium content and monetizing it via ads or subscription revenue. Meta refers to this as Facebook Watch. The firm’s ecosystem consists mainly of the Facebook app, Instagram, Messenger, WhatsApp, and many features surrounding these products. Users can access Facebook on mobile devices and desktops. Advertising revenue represents more than 90% of the firm’s total revenue, with 50% coming from the U.S. and Canada and 25% from Europe. With gross margins above 80%, Meta operates at a 30%-plus margin.
A quick look at the price chart below shows us that the stock is down 55% in the past twelve months. We currently have the stock trading on an Acquirer’s Multiple of 9.10, which means that it remains undervalued.
Superinvestors who currently hold positions in the company include:
Ken Fisher – 11,198,313
Terry Smith – 5,476,931
Jean-Marie Eveillard – 5,080,867
Chase Coleman – 3,902,482
Stephen Mandel – 3,662,065
Jim Simons – 3,001,000
Cliff Asness – 2,959,652
Steve Romick – 1,498,817
Andreas Halvorsen – 1,209,602
David Abrams – 1,205,043
Seth Klarman – 969,911
David Tepper – 890,000
Ken Griffin – 577,101
Lee Ainslie – 530,410
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