5 Best Stocks to Invest in Today According to David Abrams

2. Facebook, Inc. (NASDAQ: FB)

Abrams’ Stake Value: $419,006,000
Percentage of Jorge David Abrams’ 13F Portfolio: 9.31%
Number of Hedge Fund Holders: 266

Facebook, Inc. (NASDAQ: FB) develops solutions that enable people worldwide to engage and share with their friends and family. It was incorporated in 2004 and stands second on the list of 15 best stocks to invest in today according to David Abrams. Facebook, Inc. (NASDAQ: FB) shares have offered investors more than 28.85% over the last 12 months.

Abrams Capital Management holds 1.21 million shares in Facebook, Inc. (NASDAQ: FB) worth over $419 million, representing 9.31% of their portfolio. There were 266 hedge funds in our database that held stakes in Facebook, Inc. (NASDAQ: FB) in the second quarter of 2021, compared to 257 funds in the first quarter.

In its second-quarter 2021 investor letter Polen Capital mentioned Facebook, Inc. (NASDAQ: FB). Here is what the fund said: 

“Facebook was the top contributor to our return for the second consecutive quarter. The company has over $1 trillion market capitalizations. Yet, based on first quarter 2021 results, FB is currently still growing revenue at over 30% organically! In fact, last quarter Facebook grew revenue 48% year over year. Facebook has generated earnings and intrinsic value growth for many years, driven largely by the mostly free services the company provide to people who can easily choose to stop using them and spend their time elsewhere.

That said, we are regularly asked about the perceived high regulatory risk around Facebook. We examine risks to businesses and, in particular, regulatory risks through a lens of risk exposure versus actual risk. For instance, the antitrust complaints globally against Facebook based on their size, influence, and strong competitive positioning, definitionally exposes these companies to more regulatory risk than much smaller businesses. However, we do not believe risk exposure is the same as actual risk…” (Click here to see the full text)