5 Best Stocks To Buy According to Barry Ritholtz and Josh Brown

4. Facebook, Inc. (NASDAQ: FB)

Barry Ritholtz and Josh Brown’s Stake Value: $2,491,000
Percentage of Barry Ritholtz and Josh Brown’s 13F Portfolio: 0.21%
Number of Hedge Fund Holders: 257

In its financial report for Q1 2021, Facebook, Inc. (NASDAQ: FB) reported 1.88 billion daily active users (DAUs) for March 2021, while monthly active users (MAUs) were 2.85 billion. This represents an increase of 10% and 15% respectively year-over-year. Mid-April, Wedbush rated the stock as “Neutral” and set a price target of $355.

Distillate Capital, in its Q1 2021 investor letter, mentioned Facebook, Inc. (NASDAQ: FB). Here is what Distillate Capital has to say about Facebook, Inc. in its letter:

“Facebook has come in and out of the portfolio before and did so this quarter on the back of substantial improvement in projected free cash flows such that its valuation now meets the criteria for inclusion.”